Replying to Avatar fd1nfo

Well, In Jade, you can select specific UTXOs and send them to yourself in a single transaction to consolidate them, improving fee efficiency and simplifying wallet management, especially if you have many small UTXOs. However, doing this often with fresh UTXOs can reduce privacy.
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Nomerf 1y ago

Thanks very much! Is a UTXO a transaction. if lots of small amounts were purchased, the network fee to consolidate or send is higher?

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fd1nfo 1y ago

A UTXO (Unspent Transaction Output) is a specific chunk of Bitcoin you can spend. When you receive Bitcoin, it creates a new UTXO in your wallet. When you spend, that UTXO becomes the input for the transaction, and any leftover change creates new UTXOs. Each UTXO is like a one-time-use coin in your wallet. The more UTXOs (inputs) you use, the higher the transaction cost will be.

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Nomerf 1y ago

Gotcha! Thanks a lot, very clear 😁