Output
A spendable unit of cryptocurrency created by transactions; referenced as an input when later spent.
Outputs are discrete chunks of value created by transactions. Each output can be spent once by referencing it as an input in a future transaction that satisfies its locking script.
"Receiving 0.5 BCH creates a new output in your wallet. Spending 0.3 BCH consumes that output and creates change as a new output."
Related Terms
Unspent Transaction Output (UTXO)
→A fundamental blockchain data structure representing unspent value that can be used in future transactions.
Transaction
→The fundamental unit of data exchange on a blockchain, representing transfers of cryptocurrency or executions of smart contracts.
Wallet
→A tool that stores private keys and allows users to interact with blockchain networks.
All terms and definitions may update as the Cryptionary improves.
