Inputs and outputs
Bitcoin transactions consume previous outputs as inputs and create new outputs assigning spendable value to new conditions.
Why it matters
Bitcoin transactions consume previous outputs as inputs and create new outputs assigning spendable value to new conditions.
Key ideas
- Bitcoin transactions consume previous outputs as inputs and create new outputs assigning spendable value to new conditions.
- This topic belongs to California Bitcoin’s transactions knowledge layer.
- Use primary and technical sources where possible, and distinguish protocol facts from market narratives.
Primary and technical sources
Bitcoin Developer DocumentationBitcoin.orgBitcoin: A Peer-to-Peer Electronic Cash SystemSatoshi Nakamoto