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0 sats \ 1 reply \ @stack_harder OP 13 Dec \ parent \ on: How worried do I need to be about public key when sending an on-chain transfer? bitcoin
i have to admit, there's always something extra to confuse me about utxos, thanks for explaining though.
so far, my utxo consolidation has been sending to a new address , i only did it once.
as an example, say i i do my monthly dca of 100k sats
over 12 months i have 12 addresses in my ledger that each have 100k sats
my understanding is that i can make a new address, send each of those 12 balances there and i have now consolidated.
is this new recipient address now consolidated, or did i just make ton more utxo addresses?
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0 sats \ 0 replies \ @bordalix 13 Dec
You don't consolidate addresses, you consolidate UTXOs.
Your assumption is correct, you get 1 new UTXO every month, and at the end of the year you consolidate 12 UTXOs into 1.
The above is true if you use 13 different addresses, the same address for every UTXO or even a mix: it doesn't matter.
This site is excellent explaining Bitcoin: https://learnmeabitcoin.com/technical/transaction/utxo/
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