Is UTXO synonymous with leftover money in an address?How big is the UTXO database?UTXO all sent to change address?Editing the utxo database?get the location of UTXO datautxo vs account-modelHow can I get UTXO for a specific address?Zcash T-address address wise UTXO transaction list both testnet and mainnet APII seem to have too many unspent outputs for my given balance. What am I missing?Uneconomical UTXO requestedBitcoin address generation and UTXO scanning
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Is UTXO synonymous with leftover money in an address?
How big is the UTXO database?UTXO all sent to change address?Editing the utxo database?get the location of UTXO datautxo vs account-modelHow can I get UTXO for a specific address?Zcash T-address address wise UTXO transaction list both testnet and mainnet APII seem to have too many unspent outputs for my given balance. What am I missing?Uneconomical UTXO requestedBitcoin address generation and UTXO scanning
.everyoneloves__top-leaderboard:empty,.everyoneloves__mid-leaderboard:empty,.everyoneloves__bot-mid-leaderboard:empty margin-bottom:0;
Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Or am I missing something completely?
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
Can somebody please shed some light on the difference between UTXOs and current address balance?
Thank-you!
utxo
asked 8 hours ago
wild_nothingwild_nothing
1083 bronze badges
New contributor
wild_nothing is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
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add a comment |
Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Or am I missing something completely?
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
Can somebody please shed some light on the difference between UTXOs and current address balance?
Thank-you!
utxo
asked 8 hours ago
wild_nothingwild_nothing
1083 bronze badges
New contributor
wild_nothing is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Or am I missing something completely?
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
Can somebody please shed some light on the difference between UTXOs and current address balance?
Thank-you!
utxo
asked 8 hours ago
wild_nothingwild_nothing
1083 bronze badges
New contributor
wild_nothing is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Or am I missing something completely?
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
Can somebody please shed some light on the difference between UTXOs and current address balance?
Thank-you!
utxo
utxo
asked 8 hours ago
wild_nothingwild_nothing
1083 bronze badges
New contributor
wild_nothing is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 8 hours ago
wild_nothingwild_nothing
1083 bronze badges
New contributor
wild_nothing is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 8 hours ago
wild_nothingwild_nothing
1083 bronze badges
New contributor
wild_nothing is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 8 hours ago
wild_nothingwild_nothing
1083 bronze badges
asked 8 hours ago
wild_nothingwild_nothing
1083 bronze badges
1083 bronze badges
New contributor
wild_nothing is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
wild_nothing is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
add a comment |
1 Answer
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Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Not really. A UTXO is more like a particular bill or coin in that it's a specific "chunk" of value.
The reason UTXO is a concept is because bitcoin is designed as a set of UTXOs rather than as a balance. It's the same way cash is designed as a set of bills and coins rather than a balance. When you say, "I have $100.43 in cash", you mean that you have some set of bills and coins whose value totals to that amount. This is analogous to a set of UTXOs in bitcoin.
Or am I missing something completely?
I think what you're missing is that bitcoin was not designed to have accounts with balances as the primary implementation but to instead have a set of unspent outputs.
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
The blockchain doesn't care about addresses. If you have two UTXOs that you have the correct key(s) to claim, you can form a transaction that claims those two UTXOs and creates some new UTXOs as its output.
Can somebody please shed some light on the difference between UTXOs and current address balance?
A "current address balance" is the total value of all the UTXOs a particular key can claim.
answered 8 hours ago
David SchwartzDavid Schwartz
46.1k5 gold badges95 silver badges165 bronze badges
So what you're saying is that a (non HD) private key can have one address and multiple UTXOs which total the balance on that address?
– wild_nothing
8 hours ago
3
If you total the UTXOs, you get a number that you can think of as the balance on that address. But the blockchain itself doesn't give that number any particular meaning -- it's just UTXOs.
– David Schwartz
8 hours ago
add a comment |
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Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Not really. A UTXO is more like a particular bill or coin in that it's a specific "chunk" of value.
The reason UTXO is a concept is because bitcoin is designed as a set of UTXOs rather than as a balance. It's the same way cash is designed as a set of bills and coins rather than a balance. When you say, "I have $100.43 in cash", you mean that you have some set of bills and coins whose value totals to that amount. This is analogous to a set of UTXOs in bitcoin.
Or am I missing something completely?
I think what you're missing is that bitcoin was not designed to have accounts with balances as the primary implementation but to instead have a set of unspent outputs.
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
The blockchain doesn't care about addresses. If you have two UTXOs that you have the correct key(s) to claim, you can form a transaction that claims those two UTXOs and creates some new UTXOs as its output.
Can somebody please shed some light on the difference between UTXOs and current address balance?
A "current address balance" is the total value of all the UTXOs a particular key can claim.
answered 8 hours ago
David SchwartzDavid Schwartz
46.1k5 gold badges95 silver badges165 bronze badges
So what you're saying is that a (non HD) private key can have one address and multiple UTXOs which total the balance on that address?
– wild_nothing
8 hours ago
3
If you total the UTXOs, you get a number that you can think of as the balance on that address. But the blockchain itself doesn't give that number any particular meaning -- it's just UTXOs.
– David Schwartz
8 hours ago
add a comment |
Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Not really. A UTXO is more like a particular bill or coin in that it's a specific "chunk" of value.
The reason UTXO is a concept is because bitcoin is designed as a set of UTXOs rather than as a balance. It's the same way cash is designed as a set of bills and coins rather than a balance. When you say, "I have $100.43 in cash", you mean that you have some set of bills and coins whose value totals to that amount. This is analogous to a set of UTXOs in bitcoin.
Or am I missing something completely?
I think what you're missing is that bitcoin was not designed to have accounts with balances as the primary implementation but to instead have a set of unspent outputs.
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
The blockchain doesn't care about addresses. If you have two UTXOs that you have the correct key(s) to claim, you can form a transaction that claims those two UTXOs and creates some new UTXOs as its output.
Can somebody please shed some light on the difference between UTXOs and current address balance?
A "current address balance" is the total value of all the UTXOs a particular key can claim.
answered 8 hours ago
David SchwartzDavid Schwartz
46.1k5 gold badges95 silver badges165 bronze badges
So what you're saying is that a (non HD) private key can have one address and multiple UTXOs which total the balance on that address?
– wild_nothing
8 hours ago
3
If you total the UTXOs, you get a number that you can think of as the balance on that address. But the blockchain itself doesn't give that number any particular meaning -- it's just UTXOs.
– David Schwartz
8 hours ago
add a comment |
Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Not really. A UTXO is more like a particular bill or coin in that it's a specific "chunk" of value.
The reason UTXO is a concept is because bitcoin is designed as a set of UTXOs rather than as a balance. It's the same way cash is designed as a set of bills and coins rather than a balance. When you say, "I have $100.43 in cash", you mean that you have some set of bills and coins whose value totals to that amount. This is analogous to a set of UTXOs in bitcoin.
Or am I missing something completely?
I think what you're missing is that bitcoin was not designed to have accounts with balances as the primary implementation but to instead have a set of unspent outputs.
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
The blockchain doesn't care about addresses. If you have two UTXOs that you have the correct key(s) to claim, you can form a transaction that claims those two UTXOs and creates some new UTXOs as its output.
Can somebody please shed some light on the difference between UTXOs and current address balance?
A "current address balance" is the total value of all the UTXOs a particular key can claim.
answered 8 hours ago
David SchwartzDavid Schwartz
46.1k5 gold badges95 silver badges165 bronze badges
Is UTXO synonymous with leftover money in an address and the only reason UTXO is even a concept is due to security concerns of not changing an address after every transaction? Hence, your "unspent outputs" must be moved to x address.
Not really. A UTXO is more like a particular bill or coin in that it's a specific "chunk" of value.
The reason UTXO is a concept is because bitcoin is designed as a set of UTXOs rather than as a balance. It's the same way cash is designed as a set of bills and coins rather than a balance. When you say, "I have $100.43 in cash", you mean that you have some set of bills and coins whose value totals to that amount. This is analogous to a set of UTXOs in bitcoin.
Or am I missing something completely?
I think what you're missing is that bitcoin was not designed to have accounts with balances as the primary implementation but to instead have a set of unspent outputs.
I read that you might have $10 balance in an address but your UTXOs might be $2 and $8 in the same address. How does this affect execution of a transaction on the blockchain?
The blockchain doesn't care about addresses. If you have two UTXOs that you have the correct key(s) to claim, you can form a transaction that claims those two UTXOs and creates some new UTXOs as its output.
Can somebody please shed some light on the difference between UTXOs and current address balance?
A "current address balance" is the total value of all the UTXOs a particular key can claim.
answered 8 hours ago
David SchwartzDavid Schwartz
46.1k5 gold badges95 silver badges165 bronze badges
answered 8 hours ago
David SchwartzDavid Schwartz
46.1k5 gold badges95 silver badges165 bronze badges
answered 8 hours ago
David SchwartzDavid Schwartz
46.1k5 gold badges95 silver badges165 bronze badges
answered 8 hours ago
David SchwartzDavid Schwartz
46.1k5 gold badges95 silver badges165 bronze badges
46.1k5 gold badges95 silver badges165 bronze badges
So what you're saying is that a (non HD) private key can have one address and multiple UTXOs which total the balance on that address?
– wild_nothing
8 hours ago
3
If you total the UTXOs, you get a number that you can think of as the balance on that address. But the blockchain itself doesn't give that number any particular meaning -- it's just UTXOs.
– David Schwartz
8 hours ago
add a comment |
So what you're saying is that a (non HD) private key can have one address and multiple UTXOs which total the balance on that address?
– wild_nothing
8 hours ago
3
If you total the UTXOs, you get a number that you can think of as the balance on that address. But the blockchain itself doesn't give that number any particular meaning -- it's just UTXOs.
– David Schwartz
8 hours ago
So what you're saying is that a (non HD) private key can have one address and multiple UTXOs which total the balance on that address?
– wild_nothing
8 hours ago
So what you're saying is that a (non HD) private key can have one address and multiple UTXOs which total the balance on that address?
– wild_nothing
8 hours ago
3
3
If you total the UTXOs, you get a number that you can think of as the balance on that address. But the blockchain itself doesn't give that number any particular meaning -- it's just UTXOs.
– David Schwartz
8 hours ago
If you total the UTXOs, you get a number that you can think of as the balance on that address. But the blockchain itself doesn't give that number any particular meaning -- it's just UTXOs.
– David Schwartz
8 hours ago
add a comment |
wild_nothing is a new contributor. Be nice, and check out our Code of Conduct.
wild_nothing is a new contributor. Be nice, and check out our Code of Conduct.
wild_nothing is a new contributor. Be nice, and check out our Code of Conduct.
wild_nothing is a new contributor. Be nice, and check out our Code of Conduct.
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