![]() ![]() The set of all existing UTXOs at a given point in time is called the UTXO set. An output exists as a UTXO until it is used as an input in a subsequent transaction, at which point it is no longer unspent. A UTXO can hold any amount of bitcoin.Īs its name suggests, a UTXO is an output of a Bitcoin transaction. Unlike physical coins however, UTXOs do not come in standardized denominations. Instead, you must spend the entire dime and receive a nickel as change. If you want to spend 5 cents, you cannot spend half of a dime. UTXOs can be likened to physical coins, in that they must be spent discretely. UTXOs can be combined and split up to make payments in any denomination.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |