the transaction is first order, the UTXO is second order
the process of verifying a transaction on bitcoin is walking the web of UTXOs from a current one, tracing the path back to all of the coinbases of all of the inputs, coinbases are the minting of a coin, the block reward
the UTXO is an abstract concept made from this tracing operation to verify every sat in the utxo is rooted in a coinbase and thus has not changed the supply outside the consensus parameters (which can be, in fact, *at the time of the block height the counbase was created in)
mleku / mleku™️
npub1fj…mleku
2024-10-22 17:26:25
in reply to nevent1q…ftjc
Author Public Key
npub1fjqqy4a93z5zsjwsfxqhc2764kvykfdyttvldkkkdera8dr78vhsmmlekuPublished at
2024-10-22 17:26:25Event JSON
{
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"pubkey": "4c800257a588a82849d049817c2bdaad984b25a45ad9f6dad66e47d3b47e3b2f",
"created_at": 1729617985,
"kind": 1,
"tags": [
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"content": "the transaction is first order, the UTXO is second order\n\nthe process of verifying a transaction on bitcoin is walking the web of UTXOs from a current one, tracing the path back to all of the coinbases of all of the inputs, coinbases are the minting of a coin, the block reward\n\nthe UTXO is an abstract concept made from this tracing operation to verify every sat in the utxo is rooted in a coinbase and thus has not changed the supply outside the consensus parameters (which can be, in fact, *at the time of the block height the counbase was created in)",
"sig": "c21a6e4f5651204fdd55d890bcadc2efa4d703ce9d4cc6cb774d774c5ed2bf7314aadca84b832fb1623e5852b0df7d2a037ced797bcc42d0031ddcdad24b6b1e"
}