UTXO

Unspent Transaction Output (UTXO) has sparked numerous debates within the crypto community. Although UTXO presents some disadvantages, it is necessary to complete blockchain transactions successfully. Therefore, the UTXO model is a fundamental pillar of several blockchains, including Bitcoin. This article explores UTXO in-depth and includes everything you need to know. It highlights what it is and how it works before discussing the advantages and disadvantages. UTXO Defined: What is it? UTXO stands for Unspent Transaction Output. It refers to the…

Data and intelligence provider, Glassnode released metric insights displaying the hodling momentum on cryptocurrencies, Bitcoin particularly. According to the findings, Glassnode found out that coins exceeding an age of more than 155 days are considered Long Term Holder assets(LTH).  Whenever the digital coins grow or are used in various age bands, the size of color bands expands. Remember that the 155 day period dates back to November 2020.  Therefore, there was a constant growth through November 2020 in the number of…

When it comes to blockchain, Bitcoin and Ethereum are unbeatable. Bitcoin, the most popular and stable network, gave birth to a new decentralized digital currency form. Ethereum, on the other hand, brought smart contracts that are used to power tamper-proof financial contracts and decentralized applications (DApps). In essence, Ether - Ethereum's coin was meant to complement and not compete with Bitcoin - Bitcoin's coin and the first cryptocurrency. In other words, the two networks can be combined to come up…