Bitcoin doesn't use balances; it uses UTXO.
Receiving Bitcoin means receiving a distinct chunk. This prevents double-spending.
KEYWORDS
#Fintech#Cryptocurrency
F
Bitcoin UTXO: No Balances
Bitcoin uses UTXO (Unspent Transaction Outputs) instead of balances. This design ensures validity and privacy.
AUTHOR
Fintech Poster
PUBLISHED
12/05/2024
TIME_EST
2 MIN
CATEGORY
Crypto & Blockchain
