Coinbase transactions (coin generation transactions not to be confused with transactions created using Coinbase the service) are special transactions which can create outputs without consuming any outputs as inputs. They are created by miners and are not allowed to be more than the block subsidy plus transaction fees. All UTXOs can be traced to have originated with an output from a coinbase transaction.
Does it really mean that UTXOs are created by MINERS only during output transactions as you said or is there any other way it could be generated?
Topic: Difficult fact about UTXOs that i had about moments ago - page 2. (Read 382 times)
Coinbase transactions (coin generation transactions not to be confused with transactions created using Coinbase the service) are special transactions which can create outputs without consuming any outputs as inputs. They are created by miners and are not allowed to be more than the block subsidy plus transaction fees. All UTXOs can be traced to have originated with an output from a coinbase transaction.
These has always been a difficulty for me!! But i guess ill look beyond it today.
Hello great GURUS ❤
I had a very tough question on my mind to share
Every bitcoin transaction is made of inputs and outputs.
While output creates new UTXO(unspent transaction output),inputs also tends to consume existing UTXOs
Literarily,it means UTXOs are created through the consumption of other UTXOs.Then if old UTXOs are destroyed to create new UTXOs, how then are UTXOs created in the first place or instance?
Thanks for help and replies 🙏
Trojane💎
Hello great GURUS ❤
I had a very tough question on my mind to share
Every bitcoin transaction is made of inputs and outputs.
While output creates new UTXO(unspent transaction output),inputs also tends to consume existing UTXOs
Literarily,it means UTXOs are created through the consumption of other UTXOs.Then if old UTXOs are destroyed to create new UTXOs, how then are UTXOs created in the first place or instance?
Thanks for help and replies 🙏
Trojane💎
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