Bitcoin has always used an UTXO system, so yes, outputs and inputs are absolutely needed.
If bitcoin is to change to an account-based system a la Ethereum, it would require a hardfork, so yeah, not happening.
Topic: Transaction inputs and outputs not needed? - page 2. (Read 397 times)
Hi, guys
Is bitcoin transaction inputs and outputs something which is absolutely needed? As to me it would be much simpler if we used just a transaction, which maintains the number of transferred money. So we have spent and unspent (spent is the one on which a reference from another transaction exists) transactions and instead of a new output we just create a new transaction. Maybe l miss something in this concept?
Is bitcoin transaction inputs and outputs something which is absolutely needed? As to me it would be much simpler if we used just a transaction, which maintains the number of transferred money. So we have spent and unspent (spent is the one on which a reference from another transaction exists) transactions and instead of a new output we just create a new transaction. Maybe l miss something in this concept?
Jump to: