🐋 Beyond tracking funds, there’s another concept you should understand: UTXO and account models
Bitcoin uses the UTXO (Unspent Transaction Output) model: each transaction spends some existing outputs and creates new ones.
In the UTXO model, unrelated transactions can be verified in parallel, and using a new address to receive change also helps protect privacy. The trade-off is that writing complex contracts is less convenient.
$BTC uses the UTXO model. The balance shown in a wallet is actually the sum of multiple unspent outputs. Currently: 81492.17.
Verify information using multiple sources before deciding; don’t rely on just one person’s claims.
Bitcoin uses the UTXO (Unspent Transaction Output) model: each transaction spends some existing outputs and creates new ones.
In the UTXO model, unrelated transactions can be verified in parallel, and using a new address to receive change also helps protect privacy. The trade-off is that writing complex contracts is less convenient.
$BTC uses the UTXO model. The balance shown in a wallet is actually the sum of multiple unspent outputs. Currently: 81492.17.
Verify information using multiple sources before deciding; don’t rely on just one person’s claims.