Unspent Transaction Outputs [UTXO]

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    Categories: Blockchain

    A model comprising of inputs and outputs that determine how transactions are executed on the Bitcoin network. Under this model, when a bitcoin transaction takes place, two UTXOs are created – the first is the total amount in the sender’s wallet that is sent to the recipient; and the second is the change output over and above what the actual transaction stipulates the recipient should receive, and which goes back to the sender’s wallet.

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    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.