This sounded interesting but I am not sure I got it 100%.
How do I consolidate my UTXOs? Actually how do I know how broken down are my UTXOs?
Thanks.
How do we prevent small UTXOs from being useless due to miner fees outweighing the UTXO?
nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62p and nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 weigh in on this important question, discussing best practices for UTXO management in BR071.
Discussion
you combine several utxo that you own in your wallet and send it to yourself. but by doing that you tell onchain observer that those utxos belong to one entity.
how do I know how broken down they are? is by using remote controller to the chain like Sparrow to see what size is your utxo in the utxo tab of Sparrow.
Got it. Thank you so much. Last comment, ain’t I doing that anyway when I need to pay an amount that is bigger than my UTXO? Meaning, I will always need to combine several UTXOs when a single UTXO amount is not enough. Correct?