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UTXO

Beginner

UTXO (Unspent Transaction Output) is a technical term referring to the amount of digital currency left after a transaction in blockchains like Bitcoin. Each transaction consumes UTXOs and creates new ones, much like receiving change after a purchase. UTXOs form the basis of transaction validation and balance calculation in UTXO-based blockchains.

Related Words

Uniswap

Beginner

Uniswap is a decentralised exchange (DEX) that allows users to trade cryptocurrencies directly from their wallets using liquidity pools instead of order books. It is one of the most popular platforms on the Ethereum network.

Unlocking Schedule

Intermediate

An unlocking schedule defines when locked cryptocurrency tokens become available for use or sale. Common in project funding and team allocations, it promotes long-term commitment and prevents sudden sell-offs.

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