fd1nfo on Nostr: A UTXO (Unspent Transaction Output) is a specific chunk of Bitcoin you can spend. ...
A UTXO (Unspent Transaction Output) is a specific chunk of Bitcoin you can spend. When you receive Bitcoin, it creates a new UTXO in your wallet. When you spend, that UTXO becomes the input for the transaction, and any leftover change creates new UTXOs. Each UTXO is like a one-time-use coin in your wallet. The more UTXOs (inputs) you use, the higher the transaction cost will be.
Published at
2024-11-02 04:28:48Event JSON
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"content": "A UTXO (Unspent Transaction Output) is a specific chunk of Bitcoin you can spend. When you receive Bitcoin, it creates a new UTXO in your wallet. When you spend, that UTXO becomes the input for the transaction, and any leftover change creates new UTXOs. Each UTXO is like a one-time-use coin in your wallet. The more UTXOs (inputs) you use, the higher the transaction cost will be. ",
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