Sentences with phrase «unspent bitcoins»
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UTXO «Unspent Transaction Outputs» is what your bitcoin account consists of.
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When the cost of bitcoin miner fees began rising exponentially in 2017, BitPay's own operational cost of moving bitcoin payments (sweeping unspent transaction outputs, or UTXOs) increased exponentially.
To make future transactions, the bitcoin network must add up all your pieces of change, which are classed as either «spent» or «unspent».
Qtum combines the best of Bitcoin and Ethereum by allowing for Decentralized Applications and Smart Contracts to be executed as part of a UTXO transaction (Unspent Transaction Output).
According to Wilcox, «We have a bug we inherited from the bitcoin codebase where if you verify signatures with a whole lot of [unspent transaction outputs or UTXOs], it takes too long.
To learn about the demand for newly mined, unspent «virgin» Bitcoins, Bitcoin Magazine spoke with FinTech consultant Bilal Dar.
He's also working on a feature building upon bitcoin's unspent transaction outputs (UTXOs), the pool of bitcoin transaction data that can be spent in new transactions.
UTXO «Unspent Transaction Outputs» is what your bitcoin account consists of.
And, according to Wilcox, the blockchain inherited a bug from Bitcoin where if signatures are verified using UTXOs (unspent transaction output), it takes too long.
Among the notable upgrades in this area is the way in which data on unspent transaction outputs (UTXOs) is now stored, creating less computational burden on users who want to download a bitcoin full node.
Thus, it supposes to reduce unspent transaction output (UTXO) growth, allowing faster scaling of the bitcoin ecosystem.
Because Bitcoin uses an unspent transaction output model (UTXO), it means that the Bitcoin blockchain will maintain records of «spent» and «unspent» outputs, rather than the Bitcoin balance of each user.
Around 45 % of coins are still unspent, compared to 33 % for Bitcoin.
Unspent Transaction Outputs, or UTXOs, are the change that's left after sending a bitcoin payment.