Nostr Web Client

You'll have a single UTXO instead of multiple smaller ones.

In conclusion, UTXOs matter. While they may sound like technical jargon gobbledegook, it's vital to grasp their significance, especially with the potential for rising transaction fees.

🧵14/15

Seb Bunney 1y ago

Understanding their importance and adopting strategies to prevent Bitcoin from getting stuck in small UTXOs is key.

Hopefully, you found value in this thread. Comment below if you have any questions!

Still lost? nostr:npub1jqckepsld3xn98aeq7yg72g0yrqkz92vegkv6k3prfhkzu356v5qa6akee & I will be discussing UTXOs at @BitcoinAtlantis.

🧵15/15

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Discussion

Bitcoin Eoin 🇮🇪 1y ago

If you use the lightning network to transfer your Bitcoin wouldn't it be a way around this problem?

Daz B 1y ago

You have to get your bitcoin from chain onto the lightning network.

High fees can make this unfeasible.