Coin Selection
wallet
fee
privacy
The algorithm a wallet uses to choose which UTXOs to spend, impacting fees, privacy, and change.
1
definition
Coin selection strategies (e.g., smallest-first, knapsack, branch and bound) determine input sets for a payment. Good selection reduces fees and avoids linking unrelated addresses.
2
tip
- Use wallets with coin control for important transactions
- Avoid creating tiny change; it raises future fees
Conceptual links
Related terms
3 linkedExplore connected entries beyond the alphabetical index.
Coin Control
→Manual selection of specific UTXOs when creating a transaction.
wallet
privacy
Unspent Transaction Output (UTXO)
→A discrete spendable output on a UTXO blockchain, similar to a digital coin that must be spent whole.
technical
blockchain
UTXO Consolidation
→Combining many small unspent outputs into fewer larger ones to reduce future transaction size and fee overhead.
wallet
fee
All terms and definitions may update as the Cryptionary improves.
