teemupleb on Nostr: #Bitcoin network fees are low! Time to get familiar with UTXO consolidation! UTXO ...
#Bitcoin network fees are low!
Time to get familiar with UTXO consolidation!
UTXO consolidation in Bitcoin involves combining multiple small Unspent Transaction Outputs into larger ones to reduce future transaction fees, especially when network demand increases fees.
Currently, with lower fees, it's a great time for consolidation.
This process helps manage your Bitcoin wallet more efficiently, but consider privacy trade-offs as consolidation can reveal your total balance to others.
Aim for UTXOs of at least 1 million satoshis to ensure they remain spendable in high-fee environments.
Learn more here:
nostr:naddr1qvzqqqr4gupzpgcvmlhwjhd0tg46l5ex8rhhdq56g0wpn9ncdce4qsfgxskjl9llqqrrvd358qurq6yqmeu
Time to get familiar with UTXO consolidation!
UTXO consolidation in Bitcoin involves combining multiple small Unspent Transaction Outputs into larger ones to reduce future transaction fees, especially when network demand increases fees.
Currently, with lower fees, it's a great time for consolidation.
This process helps manage your Bitcoin wallet more efficiently, but consider privacy trade-offs as consolidation can reveal your total balance to others.
Aim for UTXOs of at least 1 million satoshis to ensure they remain spendable in high-fee environments.
Learn more here:
nostr:naddr1qvzqqqr4gupzpgcvmlhwjhd0tg46l5ex8rhhdq56g0wpn9ncdce4qsfgxskjl9llqqrrvd358qurq6yqmeu