Unspent Transaction Output (UTXO)

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Unspent Transaction Output (UTXO)

What is Unspent Transaction Output (UTXO)

In the context of cryptocurrencies, an unspent transaction output is an amount of digital currency that has been approved for expenditure by one account by another. To identify and transfer ownership between holders of public/private key pairs, UTXOs employ public key cryptography.

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