UTXO stands for Unspent Transaction Output and is a fundamental concept in #crypto. It refers to the amount of cryptocurrency that remains unspent after a transaction has been completed

In simpler terms, UTXO represents the balance of a particular address on the blockchain. Each transaction creates new UTXOs, and these can be combined to form larger amounts for future transactions.

UTXOs are an important aspect of #Bitcoin's security model, as they prevent double-spending by ensuring that each transaction spends only the exact amount of cryptocurrency that is available in the address.

Understanding UTXOs is crucial for anyone looking to develop or use #blockchain technology. It helps to ensure the integrity and security of transactions, and is a key factor in the ongoing success of cryptocurrencies. #cryptocurrency #BTC #XEC