Unspent transaction output(Redirected from Unspent outputs of transactions)
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)(Learn how and when to remove this template message)
This article appears to be a dictionary definition.
In cryptocurrencies, an unspent transaction output (UTXO) is an output of a blockchain transaction that has not been spent, i.e. used as an input in a new transaction. Bitcoin is the most famous example of a cryptocurrency that uses the UTXO model.
In the case of a valid blockchain transaction, unspent outputs (and only unspent outputs) may be used to effect further transactions. The requirement that only unspent outputs may be used in further transactions is necessary to prevent double spending and fraud.
For this reason, inputs on a blockchain are deleted when a transaction occurs, whilst at the same time, outputs are created in the form of UTXOs. These unspent transaction outputs may be used (by the holders of private keys; for example, persons with cryptocurrency wallets) for the purpose of future transactions.
- "Unspent Transaction Output, UTXO - Bitcoin Glossary". bitcoin.org.[unreliable source?]
- "What is Unspent Transaction Output? Get the definition here".[unreliable source?]
- "What Is An "unspent Output"? Bitcoin Unspent Output Transaction 2018". bitcoinsnews.org.
- "Bitcoin UTXO Lifespan Prediction" (PDF). cs229.stanford.edu. December 11, 2015.