📋 Technical Principles | UTXO and Account Models
· What it is: A Bitcoin transaction fee is the sum of all inputs minus the sum of all outputs. This difference goes to the miner who includes the transaction in a block.
· How it works: The Bitcoin balance shown in your wallet is calculated by adding up all the UTXOs belonging to you. There is no “balance” field on the blockchain.
· Reminder: On Ethereum, if a transaction remains unconfirmed for a long time, subsequent transactions can get stuck too. You can replace it by resending with a higher Gas fee and the same nonce.
$BTC 82532.03 (-0.33%)
· What it is: A Bitcoin transaction fee is the sum of all inputs minus the sum of all outputs. This difference goes to the miner who includes the transaction in a block.
· How it works: The Bitcoin balance shown in your wallet is calculated by adding up all the UTXOs belonging to you. There is no “balance” field on the blockchain.
· Reminder: On Ethereum, if a transaction remains unconfirmed for a long time, subsequent transactions can get stuck too. You can replace it by resending with a higher Gas fee and the same nonce.
$BTC 82532.03 (-0.33%)