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Basic Terminology

İbrahim Süren edited this page Oct 3, 2019 · 3 revisions

Coinbase Transaction

Coinbase transaction is type of bitcoin transaction that can only be created by a miner. These transactions has no inputs, and there is one created with each new block that is mined on the network. In other words, this is the transaction that rewards a miner with the block reward for their work.

Unspent Transaction Output (UTXO)

Unspent Transaction Output that can be spent as an input in a new transaction. These outputs were not referenced in any input.

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