Is the “balance” shown in a Bitcoin wallet really stored on-chain as a single number?
It’s worth understanding the difference between the UTXO model and the account model.
In the UTXO model, unrelated transactions can be verified in parallel, and using a new address to receive change can help protect privacy. The trade-off is that writing complex smart contracts is less convenient.
Be skeptical of claims promising stable, high returns.
$BTC uses the UTXO model. The balance displayed in the wallet is actually the sum of multiple unspent outputs. Current balance: 82706.85.
These views may not be correct; you’re responsible for your own gains and losses.
It’s worth understanding the difference between the UTXO model and the account model.
In the UTXO model, unrelated transactions can be verified in parallel, and using a new address to receive change can help protect privacy. The trade-off is that writing complex smart contracts is less convenient.
Be skeptical of claims promising stable, high returns.
$BTC uses the UTXO model. The balance displayed in the wallet is actually the sum of multiple unspent outputs. Current balance: 82706.85.
These views may not be correct; you’re responsible for your own gains and losses.