« Back to Glossary Index

It is known as Unspent Transaction Output. How does it work? Every time a user receives Cryptocurrency in their wallet, a new UTXO is created in that amount. Now all UTXO in the wallet and the crypto amount adds up to show the amount each crypto wallet holds.

« Back to Glossary Index

Check Also


New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …