Bitcoin UTXOs Explained
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- Опубликовано: 26 ноя 2023
- Mitch Askew explains what Bitcoin UTXOs are and why it's important to properly manage them.
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This was the best version of understanding utxo’s ive seen 👌🏼👌🏼👌🏼
10/10 top information video on utxo this is… thanks
Finally someone who explains it well.
Excellent video - thank you. I learned a lot today that wasn’t covered in some of the best content or courses out there. 💪🏼😎
Really needed this, fantastic breakdown. Thank you.
You’re doing great work. Appreciate your sharing your knowledge. Thank you
Really excellent. Didn’t catch it all. Must watch again
Great video. Clean and to the point.
Fantastic video; the more I learn about bitcoin, the deeper the rabbit hole becomes.
Excellent video, thanks
This was so helpful! Thank you
thanks for the great explanation! I had no idea!
Great video. Nice Charlie Brown Christmas Tree.
Super helpful thank you 🙏
Damn this was a great video. Thanks!
Thanks for this amazingly clear and simple explanation. Take my like and sub 💯
Great info! 👊🏼
so all i have to do is send/store in a cold wallet to consolidate?
Very helpful
so if im going to sent all my btc to my cold store wallet adresse does that mean, there are fewer utxo?
How can you see your accumulated UTXO's? I use a Tangem 2.0 wallet if that makes a difference.
Each new UTXO will necessarily be stored in a new address?
Thanks for this vid, I still don't understand UTXOs 😂 I shall watch it multiple times, along with other tools & educational material.
UTXO is a fancy name for a balance of Bitcoin in a wallet address. That's it
Hi there! Watching the video right now and in 6:32 you mention that Bob should consolidate the different UTXO's into "separate stashes". What do you mean by "separate stashes"? I'm assuming separate cold storage wallets? Thanks for the clarity. Also, I enjoy the visual breakdowns. I'm still learning and it's a bit overwhelming and this vid is helpful. Thanks again.
This was great! To make sure im clear, if I have a DCA wallet that I have been using for a year, its best to move that all in one transaction to another wallet to consolidate the UTXO into 1? Thanks
Yes
You don't need another wallet, just send all your UTXOs to one UTXO that you have
@@dat9553not sure how … shouldn’t we send them to samouraï or wasabi before ?
Send all the UTXO’s to a new address in the same wallet.
Thanks!
@@Rogue_Money
Great video. But, how can I actually consolidate different types of utxos (income, DCA...) Into separate stashes?
I think you create another wallet and transfer all BTC from your wallet with many utxos into the new one.
How do I make number go up!?
@@icedcoffee8561work my friend, work.
You simply send the UTXO’s to another address in the same wallet they came from.
@Rogue_Money let's say you have an xpub with 10 addresses and you send it to a new address in the same xpub...does it charge a transaction fee from all 10 addresses? Or just 1 fee?
6:42 0.01 is 1M SAT, not 100k. Overall good video 👍
So, we do not use Ethereum for transaction fees any more? I need to watch this again.
Everything on the chain is public. The privacy point doesn't make sense to me.
At 3:00, does Joe now have 27 BTC? or does he also have a -2.94 BTC as a UTXO also?
If one has three UTXOs on an exchange and one moves this to a cold storage, does the transfer cause the three UTXO become one UTXO that is related to the wallet address?
Yes
Been looking for this explanation for a long time. It's like all the other explanations skipped that part about the system needing to take UTXOs from a larger "bill". I thought they could just take the 27... And if you don't understand this, you're constantly confused about the Fricking numbers on your transfer.
Thank you!!!
A little fast though, just saying
trippy.
If I buy a new hardware wallet and send all of my
BTC onto it from my previous hardware wallet, Would I still inherit those UTXO's or would I have one single UTXO from that transaction?
It depends how you transfer those UTXOs to your new wallet. If you select all of them and do that into a single transaction then you will have a single (large) UTXO. In general, multiple UTXOs in a single transaction will consolidate. If you don't want that then send them in a separate transactions.
Absolutely no clue what’s going. If Btc wants mass adoptions this shit needs to get simplified. Can’t expect average people to figure this shit out.
True. Basically… as btc fees go up, you could potentially have a 6 cent fee or a 1 cent fee. It really shouldn’t matter. Either the fees end up being reasonable for everybody or they won’t be.
😂 that’s exactly what I am thinking. If BTC wants mass adoption then this UTXOs shit needs to be simplified.
Call me stupid but wtf
Huh?