95. UTXO (Unspent Transaction Output):

Is a fundamental concept that represents the amount of cryptocurrency available to spend in a user’s wallet after a transaction. In UTXO-based blockchains like Bitcoin, transactions consist of inputs and outputs. Each input consumes an existing UTXO, and each output creates a new UTXO that can be spent in future transactions.

When a user wants to send cryptocurrency, they use their UTXOs as inputs, specifying amounts for each output (recipients). Any remaining balance is returned as "change" to their own address in the form of a new UTXO. This system enables blockchains to track ownership securely and immutably without a central authority, as every transaction is verified and recorded on the blockchain ledger.

The UTXO model also enhances privacy, as each transaction generates new outputs, and helps improve scalability, as it’s easier to verify smaller, individual UTXOs than an entire account balance.#BinanceBlockchainWeek #Write2Earn! #USJoblessClaimsDip #BTCETFDemandSurge #BTC67KRebound $DOT $ICP $ATOM