Bitcoin UTXOs: Explained for Beginners
26 sats \ 5000 boost \ 3 comments \ @clementinemoney 24 Nov 2022 bitcoin
Happy Thanksgiving!
Just dropped a new article and wanted to share: Bitcoin UTXOs: Explained for Beginners

Topics Covered:
  • What is a UTXO?
  • Similarities Between UTXOs and Cash
  • How UTXOs Differ From Cash
  • Basic Rules for Bitcoin Transactions and UTXOs
  • Example Transaction
    • What Users See
    • What Really Happens
  • Where are UTXOs stored?
  • UTXOs and Privacy
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10 sats \ 1 reply \ @thebtctoto 24 Nov 2022
Perfect, thanks for this article!
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0 sats \ 0 replies \ @clementinemoney OP 24 Nov 2022
Thanks for reading :)
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0 sats \ 0 replies \ @clementinemoney OP 24 Nov 2022
This article has been updated to fix an error pointed out by one of our readers!
The error:
Miner fees are not UTXOs! They are just the leftover amount from each transaction after outputs are accounted for. They are paid to miners as part of the coinbase transaction.
New diagram:
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