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 β€œhow does blockchain work” topics will be addressed.

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30 gedachten over “Blockchain Basics: Unspent Transaction Output (UTXO) Explained!”

  1. Thanks for the video..i sent $34btc to my wallet about 3days ago still haven't received it yet..what do i do or is it lost..i try tracking btc it shows me unspent

  2. Transaction invalid: some outputs that it attempts to spend have been already spent or are no longer valid.
    ^I don’t know what that means it keeps popping that up on my blockchain explore hash

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

  4. Thanks for the video but my question is how do you get back the unspent back to the wallet

  5. Great explanation! Simple and concise. Thank you!

  6. 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.

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

  8. I'm here trying to understand the UTXO Cardano fud on 9/4/2021.

  9. So their broken up transaction. Thank you I had 4 utxo's and was not sure where it came from.

  10. some graph would help to understand it…lost in details…

  11. I'm still struggling to wrap my head around a couple things:
    1. What determines the size of a UTXO?
    2. Why are transactions not exact? Why are UTXO's necessary in the first place? for example why spend .6 BTC to buy .5 BTC and get .1 back when the system can just spend .5 BTC and get nothing back? …is this maybe to ensure that fluctuating transaction fees are fulfilled?

  12. The reason that there are still dislikes on this video, not because the explanation is unworthy but because the lack of substantial visualization

  13. How long does it take for the 'refund' to appear in my wallet?

  14. Hello.
    I'm still a bit confused, because I am currently in a situation where someone set me BTC worth $20 and i am getting the utxo option.
    Please help

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