How are UTXOs created and spent in the Bitcoin blockchain?

3 answers

• Nov 29, 2021 · 3 years ago
  When a transaction is made in the Bitcoin blockchain, it creates Unspent Transaction Outputs (UTXOs). These UTXOs represent the amount of Bitcoin that can be spent. When a new transaction is created, it consumes one or more UTXOs as inputs and creates new UTXOs as outputs. The inputs of the transaction must be signed with the corresponding private keys to prove ownership. The outputs of the transaction can be spent in future transactions. This process ensures the integrity and security of the Bitcoin blockchain.
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• Nov 29, 2021 · 3 years ago
  Creating and spending UTXOs in the Bitcoin blockchain involves a series of cryptographic operations. When a transaction is created, the sender's UTXOs are used as inputs and the recipient's UTXOs are created as outputs. To spend UTXOs, the sender needs to provide a valid digital signature using their private key. This signature is verified by the network to ensure the authenticity of the transaction. Once the transaction is confirmed by the network, the UTXOs are updated accordingly. This process ensures that only the rightful owner can spend their UTXOs.
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• Nov 29, 2021 · 3 years ago
  In the Bitcoin blockchain, UTXOs are created when a transaction is confirmed by the network. Each UTXO has a specific value and is associated with a specific Bitcoin address. When a transaction is made, the sender's UTXOs are consumed as inputs, and new UTXOs are created as outputs. These new UTXOs can be spent in future transactions. The process of spending UTXOs involves providing a valid digital signature to prove ownership. This ensures that only the owner of the UTXOs can spend them.
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