Hello Carlos,
Today we are going to discuss one of the core concepts of Bitcoin transactions that will keep you ahead of others in the crypto race – the Unspent Transaction Outputs aka UTXOs.
In early Bitcoin days, this concept was considered pivotal. So much so that if you did not understand UTXOs correctly, you could have made a transaction you never intended to in the first place.
However, in the present scenario, thanks to the way Bitcoin wallets work, especially with the HD wallets, you don't need to worry about understanding UTXOs as thoroughly.
However, it is good to know the details which enable you to take care of your Bitcoins in a better way and also understand the jargon which is often mentioned while discussing Bitcoin fees.
- Dive into full story: What Are Unspent Transaction Outputs (UTXOs)?
For now, go and enjoy this post, meanwhile I will find out something new that I can share with you in this dynamic crypto-space.
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What Are Unspent Transaction Outputs (UTXOs)?