Blockchain Basics: Unspent Transaction Output (UTXO) Explained!

Blockchain Basics: Unspent Transaction Output explained simply. The UTXO is a method of keeping balance, avoiding double spend, and maintaining chain of ownership in a decentralized transaction ledger made famous by bitcoin, and later, Litecoin, DigiByte is a critical topic to understand for blockchain beginners. In this series of blockchain explained for beginners, some of the most often overlooked "how does blockchain work" topics will be addressed.

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🛑DISCLAIMER: The information in this video is an opinion and is for informational purposes only. It is not intended to be investment advice, nor does it represent any entity's opinion but my own. Seek a duly licensed professional for investment advice. I am not guaranteeing you gains on your investment and the content I produce is my own personal approach, opinion and strategy in this highly speculative market.

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[DavidSoles]

OMG this is the best explanation of UTXO I ever hear. Thanks.

[robenlow]

I know this is from 2 years ago but with all the FUD right now with concurrency and UTXO, this is a great help in understanding the model. I hope you put something out expounding on this further.

[Hashoshi]

I'M BACK! Thanks for your patience folks. ⚠️ Funniest bitcoin joke or pun below wins a prize. GO! 🏁

[angadmanroy]

loved how easily he explained the concept.

[cjcjonesit]

Dude the way you explain it was so simple. Thanks

[vidyakrishnan]

Awesome explanation ! the best I have come across

[cryptomvmt]

Phenomenal technical knowledge. Thanks for the breakdown

[mochammadhusnirizal]

Great explanation! Simple and concise. Thank you!

[millerdavis]

Great of you to think to come up here and show keen appreciation to Mr Reid Hoffman, I think he has worked quite hard enough for the recommendation.

[franklin_sainthex]

Great explanation appreciate your help

[Maxtv-ughd]

great great video my man! Keep up the good work!

[devanshgoyal]

Nice explanation .Thanks for the video.

[cryptonite]

Like!
Please, review FUSION! Mainnet in a couple of days!

[AjayKrews]

A very intuitive approach to teaching! Loved it !! thanks

[keviiinisnt]

Great break down! I appreciate the video.

[sicheicindy]

Hello can you please tell me what to do when i get dust utxo error in trust wallet

[rmarcg]

Great explanation. During a mining transaction where bitcoins are made out of thin air, how do inputs = outputs? How does utxo apply here? Thank you.

[donpilarsuarezgudino]

One sender and two receipients... What does it mean? I recognice one receipent: it's my public adress... But the other one? I need some help. Thanks a lot!

[JozefKonradPlata]

Thanks this kind of helped. But tbh I'm still confused.... So if you create UTXO, how does it come back to you? And when?

[pismoman]

Maxine Waters should watch your channel to learn blockchain and Bitcoin. Thank you for another very informative video. and welcome back, Forrest!!