Post
Topic
Board Bitcoin Discussion
Re: UTXO
by
franky1
on 29/09/2016, 09:47:30 UTC
Hi,

Can anyone please help with some documents to understand UTXO model..?

it simply means unspent transactions.
when you download the entire blockchain not only is the blockchain saved. but a second list is formed holding only the transactions that have not yet been spent/used.

think of it as a summary of the blockchain to help nodes make faster searches to validate any new transactions