Transactions · Modern Bitcoin

UTXO

Bitcoin tracks spendable transaction outputs rather than account balances. Wallets spend existing outputs and create new ones.

Context

Why it matters

Bitcoin tracks spendable transaction outputs rather than account balances. Wallets spend existing outputs and create new ones.

Canonical knowledge

What California Bitcoin maintains

Bitcoin tracks spendable transaction outputs rather than account balances. Wallets spend existing outputs and create new ones.

Primary and technical sources

Evidence before assertion

Bitcoin Developer Documentation

Bitcoin.org

Tier — · technical Bitcoin: A Peer-to-Peer Electronic Cash System

Satoshi Nakamoto

Tier 1 · primary

Related concepts

Continue through the knowledge graph

Inputs and outputs Transaction fees Coin control

Machine accessAgent-ready

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