Friends, this is something you really need to understand: the UTXO model vs. the account model!
A Bitcoin transaction fee is the sum of all inputs minus the sum of all outputs. The difference goes to the miner who includes the transaction in a block.
In the UTXO model, unrelated transactions can be verified in parallel, and receiving change at a new address also helps protect your privacy. The trade-off is that writing complex smart contracts is less convenient.
$BTC uses the UTXO model. The balance shown in your wallet is actually the sum of many unspent outputs.
Save this and take a closer look later 👇
A Bitcoin transaction fee is the sum of all inputs minus the sum of all outputs. The difference goes to the miner who includes the transaction in a block.
In the UTXO model, unrelated transactions can be verified in parallel, and receiving change at a new address also helps protect your privacy. The trade-off is that writing complex smart contracts is less convenient.
$BTC uses the UTXO model. The balance shown in your wallet is actually the sum of many unspent outputs.
Save this and take a closer look later 👇