thanks for the explanation. @01:02 what's the significance of the 1 and the 0.01 BTC mapping to the same wallet address but the 5BTC pointing to another one?
Thanks for the explanation! I understand it, but I don't really get why it is programmed to work like this. With cash I understand, because you cannot tear a 5$ bill in half to make two 2,5$ bills. But to me it seems like you can do this with digital money. So... is it to make the calculation more lightweight for the wallets / network? Or is there another reason? Thanks!
Good question. I think you’re right. When it comes to transactions, Bitcoin benefits from varying (instead of fixed size) UTXOs because like you mentioned, it enables leaner transactions, which reduces overhead for network bandwidth, validation, and storage. For example, sending $26 in cash requires a 20, 5, and 1 dollar bill in the best case scenario (3 inputs). Sending 26 bitcoin would require only a single UTXO as an input in the best case scenario. On the output side, if you send the exact amount in UTXOs, then there’s no need for an extra “change” output back to yourself. TLDR: yes - data savings on both input & output sides of a TX.
Question: I sent some sats to my coldcard and a utxo showed up in my sparrow wallet...i got so lost tryna figure out cold card i gave up. Months later i come back to figure out this utxo stuff and to move my sats out of cc but again got confused. I just entered my seed in a wallet and moved it out. My question is...if i sent my total of sats to cc why did i get a utxo? There was nothing to be left over...
I don’t understand your question. You sent bitcoin from your sparrow to your cold card and ended up with a UTXO in your sparrow and a UTXO in your cold card?
Strange… after sending your entire balance from sparrow to cold card, you should not have received change as a UTXO. Maybe network fees were calculated incorrectly?
Nope. You would have to send the 7 BTC that is currently under a Legacy address to a Native SegWit address of yours. Then you can send all 10 BTC from your Native SegWit addresses.
Thanks man you actually explained it the best amongst the other videos on UT fucking XO's
Thanks for the kind words! Glad you found it helpful Mohamed
Best UTXO explanation. Thank you!
2 years later, Runes has made this info invaluable 🔥🔥 thx buddy
You deserve way more subs WTF!!! thank you Moralis needs to hire you
Thank you for the explanation
Perfect explanation. Thank you for sharing.
Glad you found it helpful!
very very very nice
thanks for the explanation. @01:02 what's the significance of the 1 and the 0.01 BTC mapping to the same wallet address but the 5BTC pointing to another one?
Just to show that UTXOs can map to any address, even ones previously used.
Helpful video.
Glad you liked it!
🔥🔥🔥
Thanks for the explanation! I understand it, but I don't really get why it is programmed to work like this. With cash I understand, because you cannot tear a 5$ bill in half to make two 2,5$ bills. But to me it seems like you can do this with digital money. So... is it to make the calculation more lightweight for the wallets / network? Or is there another reason? Thanks!
Good question. I think you’re right.
When it comes to transactions, Bitcoin benefits from varying (instead of fixed size) UTXOs because like you mentioned, it enables leaner transactions, which reduces overhead for network bandwidth, validation, and storage.
For example, sending $26 in cash requires a 20, 5, and 1 dollar bill in the best case scenario (3 inputs). Sending 26 bitcoin would require only a single UTXO as an input in the best case scenario. On the output side, if you send the exact amount in UTXOs, then there’s no need for an extra “change” output back to yourself.
TLDR: yes - data savings on both input & output sides of a TX.
Excellent video
Thansk man
I've watched the actual UTXO videos from the blockchain council...they need to pay you for this!
Thanks
UTXO demystified :-)
Loved the part where you used Adam Back’s address
Good eye ;)
Question:
I sent some sats to my coldcard and a utxo showed up in my sparrow wallet...i got so lost tryna figure out cold card i gave up. Months later i come back to figure out this utxo stuff and to move my sats out of cc but again got confused. I just entered my seed in a wallet and moved it out.
My question is...if i sent my total of sats to cc why did i get a utxo? There was nothing to be left over...
I don’t understand your question. You sent bitcoin from your sparrow to your cold card and ended up with a UTXO in your sparrow and a UTXO in your cold card?
@@bitcoinbriefly yes
Strange… after sending your entire balance from sparrow to cold card, you should not have received change as a UTXO. Maybe network fees were calculated incorrectly?
@@bitcoinbriefly thats probly it? beats me im over it lol
I have on my wallet 7 BTC shown under a Legacy number and 3 under a Segwit Native number. Can I send all 10 using the Segwit Native number?
Nope. You would have to send the 7 BTC that is currently under a Legacy address to a Native SegWit address of yours. Then you can send all 10 BTC from your Native SegWit addresses.
@@bitcoinbriefly Nexo receiving address for BTC is Native Segwit and I've sent them Legacy BTC.
Muy bueno!!
Beautiful explanation!
At least 1 satoshi, but an integer number of satoshi!
True! Good callout
or just use Kaspa...
Taylor Betty Harris Ronald Taylor Joseph
Kaspa fixed it
🤔
lol
@@bitcoinbriefly you just need to do research
@@lordmelbury7174 just need to do research