UTXO Model: A Different Way to Track Bitcoin
Not every blockchain manages balances in the same way.
Bitcoin uses the UTXO (Unspent Transaction Output) model, where transactions create outputs that can later be used as inputs for new transactions.
🔹 Helps track spendable Bitcoin
🔹 Each output has a specific value
🔹 Unspent outputs remain available for future transactions
🔹 Different from account-based models used by some other blockchains
💡 Understanding UTXOs helps explain how Bitcoin actually keeps track of ownership.
#Bitcoin #Blockchain #CryptoEducation #Web3
Not every blockchain manages balances in the same way.
Bitcoin uses the UTXO (Unspent Transaction Output) model, where transactions create outputs that can later be used as inputs for new transactions.
🔹 Helps track spendable Bitcoin
🔹 Each output has a specific value
🔹 Unspent outputs remain available for future transactions
🔹 Different from account-based models used by some other blockchains
💡 Understanding UTXOs helps explain how Bitcoin actually keeps track of ownership.
#Bitcoin #Blockchain #CryptoEducation #Web3