UTXO consolidation is a Decent Way to save Fees in a congested Network Situation
Bitcoin Guides Series by: Hamza2424
Hi dear community Asslam o Alikum, main nee soocha yee kaa ajkal Bitcoin ATH ka ass pass bhatak raha and market maa transaction load bohat haa orr joo badna bii apne wallet maa funds hold kar kaa betha oskee liaa mushkil haa ka woo transaction kar kaa profit book kare fees 20 USD see lee kar 55 USD take ja rahi depending on some points. Too ajj maa un factors koo discuss karon gaa and aik solution apke samnee rkahon gaa too chaliyee shoro kartee hain.
Motive✔️To make it easy for newbies how balance gets stored on the Bitcoin network and some others too.
✔️To help them how to save money while paying fees
✔️To explain UTXOs and their role in network fees.
UTXO kia hotaa haa ?Yee hota haa Unspent transaction output jokee apkee account kaa balance hotaa joo app send kar sakte yee actually apke balance kaa record rakhnee ka liyee use hotii, aik nikki ssi example detaa hoon apko maa 0.001BTC send karon ajj or apke account maa kal kisi nee 0.005BTC pehle send kiyee thee orr apko wallet ma show hoo raha balance 0.006BTC abb yee balance aik collective figure jo apko show hoo raha actually blockchain ma iska record kuch alag tarah see individually per transection ka UTXO ma pada hotaa haa jessey mera wala alag and joo kal kisi nee bhejaa wo alag.
Iss example koo mazeed human agee bii use karain gee ka kis trag ap Bitcoins send karte and recvie karte or apak balce kese blockchain maitan karta jo kaa mil ka apki transection fees decide karta haa.
How does UTXO Play an important role in transaction Costs?Abb jab bii hum transaction kare mtlab coins send karte human aik fees pay karni padtii haa jisko hum gas fees yaa network fees kehte, apko ma main nee oper UTXO kaa btaya abb zara sochain kaa jab hum transection kare hamara data blockchain paa update hotaa orr human yee bi pata haa ka Blockchain maa Blocksize kii limit hoti. Too aik banda jab transection karta jitna oska data process hota oss hisaab see osko network fees deni padti haa.
Bitcoin ka network par fees sats/vB maa charge hoti just for information agar nai pataa too, abb atee hain mudee paa jitna zyada datasize otna zyada fees abb app loog yee images dekhoo isme kuch important cheezain hain
Like app dekh saktee hoo abii bohatt buraa haal haa fees kaa and yee almost aik normal wallet jisse app thoda bohat use kartee hoo some apko 30 USD + fees charge hogi like agar history 30 to 40 transaction kii haaa too. Abb yee depend akrtaa jayee gaa kitna data size process hona apke wallet kaa. High sats/vB with high data size = much high transection fees.
Aik example see smjhtee hain:A aik band haaa orr
B aik banda haa
A ka pass
0.05 BTC haa or
B ka pass bii
0.05 BTC haaa,
A nee transaction kii apna
0.05 Bitcoin send kiaa new wallet maa yaa exchange pa oski fees labi
2 USD to 3 USD in a high congested network, or
B nee bi same amount kii transection kii orr fees lagii
56 USD kuu kyaa howii haha
kiaa Blockchain naa insaafii karr raha nai bhaiyoo smjhta hoon.
Jo
A thaa oske wallet maa joo
0.05 BTC thaaa woo
single hii UtXO maa that matlab oska sara balance aik transection see aya thaa magar
B kaa pass haar haftee yaa haar rooz those thodee BTC atee thee oss is lia oska
0.05 BTC 30 see zyada UTXO's maa thaa abb B kaa data size zyada thaa due to
high UTXO numbers is lia itni fees deni paid osss greeb koo Smjhee UtxO kii khaani.
Live example chaiyee too mille gii magar mere pass abi time short haa phir kabi sai nai too siko edit kar dain geee.
What is UTXO consolidation It i a process jisme hum X amount of UTXOs koo aik hii UTXO maa convert kar dete hain for future usecase or wallet kii efficient kaa liaa, iske different tarikee haain hum smjahne walee sirf discuss akrain gee.
Simple simple btata hoon yee apko future ma kaam ayee g jab network fees high hogi jese oper example dee kaa btaya.
How to Consolidate and When we need it when we need jaab app aik hi wallet see baar baar transaction process kar rehe hoo small amount kii yaa big doesn't matter yaani apko regular small amounts receive ho rahi orr app small amounts send bii kar rehe taak iski zarorat pdtii haa .. Realtime example (
Signature payment).
How to do it.. ?✔️agar bass dimag nai lagna bass fees bachnaii haa too aik kam karo jaab bii network fees bohat bohat low hoo app memepool see dekh sake kab low hoti haa tab app apne sare funds Matlab MAX amount of funds ko kisi other wallet maa bhej doo is see kia hoga output paa apke wallet see aik single UTXO baan kaa new wallet maa a jayee gii yee kam app apne wallet yani self transfer maa bii akr saktee (Try nai kia but technically possible ha). But new ma jao privacy ka bii factor improve hogaa new is better option khap khpiyee see bachoo.
✔️ Dosra trikaa thodaa tricky wala dekho agar electrum wagera yaa wassbi jessa koi wallet use kar rehe too app manually UTXOs koo select kar kaa bii UTXO consolidation kar asktee hoo apne wallet ma hii yaa new maa bi depends.. orr phir sarii woo UTXOs joo small chain abb yee appp paa haa sara wallet consolidate karna yaa specific UTXOs koo, unko select karo orr manually fees adjust karo low
sat/vB paa around 3 4 yaa agar network thoda busy haa max 5 to 6 paa rakh kaa kar dooagar up to
150 UTXOs kartee hoo too
12 USD ka ass pass fees jayee gii orr hoo jayee gaaa.
Note: Iska faidaa osko joo apni custody maa funds rkahtaa haa orr long term accumulator bii haa orr funds paa zyada fees bii nai dena chataa. Orr aik orr sugetion agr trust wallet wagera use akrtee jsime fees edit karne kaa option nai haa try karo kaa koi esa wallet use karoo or high network maa bii zyada fees naa doo 5 to 7 kaa oper rakh kaa high network congestion maa bi within 4 hours process hoo jatii agar time hoo too kar liaa karo itni fees kuu denii haha.
Agar full process chaiyee kese karna orr kis wallet ma kese karna too quote karoo sochtee hain apke response koo dekh kaa orr is trah kee topics cover karne hain ka nai.
