It\u2019s an uncomplicated lotSometimes, trying to understand the words and terms behind blockchain technology is enough to turn away potential users who may only be out to make something out of their hard-earned money. Newly coined phrases not found in the dictionary are terminologies to identify parts of the whole crypto ecosystem that can be as common as can be once you traverse the digital highway. One of those is UTXO.UTXO?UTXO simply stands for Unspent Transaction Output. A technical model which is standard to the Bitcoin infrastructure. To provide a clearer picture, we need to travel back to how Bitcoin was conceptualized, beginning with The Blockchain.\u2018The\u2019 BlockchainTo refer to Bitcoin\u2019s blockchain is to refer to it with a capital B. The Blockchain is an Internet-based mathematical infrastructure containing data that the protocol interprets. It is a chain of blocks containing two structure types \u2014 header and Transaction List. The Header houses all metadata of a particular block which includes the hash of the previous block that is also hashed to a previous block that is also hashed to a previous block, and so forth and so on, until it reaches back to the first-ever block, the genesis block. This block chaining is a lot like a list linked in succession. Hence, Blockchain. In the summary section is the Header data and the section below it is the Transaction List. The first transaction of every block is the coinbase transaction where miners get their reward.The Transaction StructureInside a single transaction, there many different structures, with the first one called Transaction Version. It is a version number in which a node determines the set of rules to verify the transaction. The end structure is the Lock Time which declares if the transaction is ready to be included in the blockchain according to\u2026<\/p>","protected":false},"excerpt":{"rendered":"
It\u2019s an uncomplicated lotSometimes, trying to understand the words and terms behind blockchain technology is enough to turn away potential users who may only be out [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4293"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4293"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}