UTXO Explained

In the world of cryptocurrencies, UTXO (Unspent Transaction Output) plays a crucial role. UTXOs are like digital coins and serve as the foundation for blockchain transactions. When you send or receive cryptocurrencies, UTXOs are created and consumed. Imagine each UTXO as a unique, unspent bill in your wallet. 🪙

These UTXOs are essential for maintaining the transparency and security of blockchain networks. When you spend a fraction of your cryptocurrency holdings, a new UTXO is generated for the change, ensuring that all transactions can be independently verified on the blockchain. 🛡️

Understanding UTXOs is a fundamental concept for anyone interested in cryptocurrency and blockchain technology. 📊💡

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