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0 sats \ 1 reply \ @Michelson_Morley 30 Sep 2023 \ parent \ on: Explain UTXOs in bitcoin to someone who doesn't understand bitcoin at all. bitcoin
What is 0.5 BTC, in this example? What is it made of, on the blockchain.
It isn't made of anything. It is merely a number that says 50,000,000 sats with a public and private key associated with it. The blockchain is just the record-keeping and security base layer needed to ensure that those little entries that say 0.5 BTC, 2 BTC, etc. all possess the properties necessary for them to function as money.
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