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For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms6 shown

LatencyThe time delay between an input occurring and the system generating the corresponding output.
UTXOShort for unspent transaction output, UTXO is a model used by Bitcoin and similar blockchains to organize and track spendable transaction value.
UTXO ModelBitcoin's transaction model, in which every transaction output is an independent unit that can be spent as an input to a later transaction.
coinbase transactionThe first special transaction in a Bitcoin block, used to claim the block subsidy and transaction fees permitted by the rules, without using ordinary unspent outputs as inputs.
Direct MintingA method that creates the entire token supply in a single transaction output and gives the creator control over supply and distribution.
AlgorithmA finite, explicit set of step-by-step instructions for converting input into output, thereby solving a problem or completing a computation.

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Definition

UTXO Model

Bitcoin's transaction model, in which every transaction output is an independent unit that can be spent as an input to a later transaction.

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