Cryptionary

UTXO

Unspent Transaction Output

1. concept

When a transaction is made UTXO are put in as inputs and UTXO are put out as outputs. Then those UTXO that were output can be spent for further transactions. UTXO can be thought of as the bills we use to spend and buy things in the world of cryptocurrency.

* All terms and definitions may update as the Cryptionary improves.

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