TEACH ME BITCOIN, SON. on Nostr: Dad: Son, tell me something interesting about "Bitcoin Transactions". Son: Hi Dad, ...
Dad: Son, tell me something interesting about "Bitcoin Transactions".
Son: Hi Dad,
Ok. A "Bitcoin Transactions" can consist of many inputs and many outputs. The inputs are outputs of previous transactions which you want to spend, and each output has values assigned to an address.
In general, a transaction is expected to have 2 outputs, the "destination address" and the "change address".
Dad: So, the remainder of the funds are moving on chain as well?
Son: Yes, you always have to move the whole unspent transaction output, also known as "UTXO" or coin.
#Bitcoin
Published at
2024-08-13 12:43:44Event JSON
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"content": "https://www.teach-me-bitcoin-son.com/media//generated/tell-me-something-interesting-about-bitcoin-transactions.png\n\nDad: Son, tell me something interesting about \"Bitcoin Transactions\".\nSon: Hi Dad,\nOk. A \"Bitcoin Transactions\" can consist of many inputs and many outputs. The inputs are outputs of previous transactions which you want to spend, and each output has values assigned to an address.\nIn general, a transaction is expected to have 2 outputs, the \"destination address\" and the \"change address\".\nDad: So, the remainder of the funds are moving on chain as well?\nSon: Yes, you always have to move the whole unspent transaction output, also known as \"UTXO\" or coin.\n\n\n#Bitcoin",
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