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Outputs Meaning in Urdu
Outputs
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Outputs Meaning In Urdu with Detail
In cryptocurrencies, an unspent transaction output (UTXO) is an abstraction of Electronic Money. Each UTXO represents a chain of ownership implemented as a chain of Digital Signatures where the owner signs a message (transaction) transferring ownership of their UTXO to the receiver's Public Key. The total UTXOs present in a blockchain represent a set , every transaction thus consumes elements from this set and creates new ones that are added to the set. The set thus represents all the coins in the system.