NEW: #Bitcoin total number of UTXOs skyrocketed to a new all time high in May, signalling rising net adoption. 🔥

UTXOs, or Unspent Transaction Output, are the building blocks of the #Bitcoin accounting system. The balance you see on your wallet is actually composed by these smaller amounts of #Bitcoin.

UTXOs are the form in which #Bitcoin travels through the cyberspace. The more there are, the more the network is vibrant and growing 🙌

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Discussion

Correct me if I am wrong but if I spend 1.1 btc from 10 UTXOs and and get 0.1 btc back, I have created 2 unspent UTXOs and 10 spent UTXOs. The net change in UTXOs I caused is negative 8 even though I am a user.