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EnglishSay I have 1 Bitcoin Core that was formed through 10,50 and 100 txs. How much is the fee to send that 1 BTC in each case?

Give me a formula. Also how much does it affect if one tx came before from 2 previous txs. For example 0.001 that was sent to make 1 BTC was formed previously from 0.005 and 0.005 or it doesn't matter? Reply only, if you are familiar with UTXO.

bcoreiswhat 4 months ago
    Tags:
  • Bitcoin
  • Core
  • Txs
  • Inputs
  • Outputs
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Jamie 4 months ago
When the transaction is created, it spends the two UTXO referenced in the inputs. As the transaction is confirmed, every participant removes them from their UTXO database. However, the reference still exists in the blockchain as the outputs of the transactions that created those UTXOs. The transaction also creates two new UTXOs, the Recipient Output and the Change Output. Every participant in the network adds these two UTXO to their database. Let's say that the sender spends the money in the change output quickly thereafter, removing the change output from the UTXO database, but the recipient TXO remains unspent. In that case, (or any other where at least one of the two outputs remains unspent) the transaction would be counted in the "Total Transactions With Unspent Outpu
Jashim 3 months ago
As per as my knowledge goes, The transaction also creates two new UTXOs, the Recipient Output and the Change Output. Every participant in the network adds these two UTXO to their database. Let's say that the sender spends the money in the change output quickly thereafter, removing the change output from the UTXO database, but the recipient TXO remains unspent.
Maan Ali 3 months ago
To my knowledge, this event produces two new UTXOs, a receiver version and a different output. Each network participant adds these two UTXOs to its database. The sender must report that it will continue to consume the modified version and delete the modified version from the UTXO database, but the recipients will not have to act on the TXO.
Jesse 3 months ago
Every participant in the network adds these two UTXO to their database. Let's say that the sender spends the money in the change output quickly thereafter, removing the change output from the UTXO database, but the recipient TXO remains unspent.
Selcuk 3 months ago
As far as I know, this event produces two new UTXOs, a receiver version, and a different output. Each network participant adds these two UTXOs to the database. The sender should announce that it will continue to use the modified version and will continue to delete the modified version from the UTXO database, but recipients will not need to take action on the TXO.
Clifford Dominguez 3 months ago
Give me a formula. Also how much does it affect if one tx came before from 2 previous txs. For example 0.001 that was sent to make 1 BTC was formed previously from 0.005 and 0.005 or it doesn't matter? Reply only, if you are familiar with UTXO.
Silmi Khaled 3 months ago
Each network participant adds these two UTXO to their database. Let's say that the sender spends the money in quickly ejecting the change afterwards, and removes the result of the change from the UTXO database, but the TXO recipient remains unspent.
Atta ur rehman 3 months ago
Very nice Tweet but how can possible I make 1 BTC in one day can you possible
Ezzdini 3 months ago
Very nice Tweet but how can possible I make 1 BTC in one day can you possible
Ahmet şen 3 months ago
0,995 btc i think
Bitcoinoption 3 months ago
To my knowledge, this event produces two new UTXOs, a receiver version and a different output. Each network participant adds these two UTXOs to its database. The sender must report that it will continue to consume the modified version and delete the modified version from the UTXO database, but the recipients will not have to act on the TXO.
Samuel Miheso ogendo 3 months ago
Is it possible to make 1bitcoin in a single day?
Olbaga 3 months ago
Hayır değil
Tommy Borromeo 3 months ago
Hello, you can check these links for your perusal. Thanks.
https://www.finder.com/how-bitcoin-compete-money-transfer-market

https://www.coindesk.com/learn/bitcoin-101/what-is-bitcoin

https://bitcoin.org/en/bitcoin-for-individuals
Tumelo Dipateletso 3 months ago
When the transaction is created, it spends the two UTXO referenced in the inputs. As the transaction is confirmed, every participant removes them from their UTXO database. However, the reference still exists in the blockchain as the outputs of the transactions that created those UTXOs. The transaction also creates two new UTXOs, the Recipient Output and the Change Output. Every participant in the network adds these two UTXO to their database. Let's say that the sender spends the money in the change output quickly thereafter, removing the change output from the UTXO database, but the recipient TXO remains unspent. In that case, (or any other where at least one of the two outputs remains unspent) the transaction would be counted in the "Total Transactions With Unspent Output
priyank5729 3 months ago
https://cryptotabbrowser.com/19322042
Joseph 3 months ago
As i experience i thought i will not work i hope it will work and help my family
Tristen Martinez 3 months ago
When the transaction is made produces there are two UTXO's that that are made a receiver version and another ooutpu. Each participant in the blockchain network adds both UTXO's to their db. The sender that it will continue to use the modified version and delete the modified version from the UTXO database, but the recipients will act upon the TXO.
Hannah 3 months ago
To my knowledge, this event produces two new UTXOs, a receiver version and a different output. Each network participant adds these two UTXOs to its database. The sender must report that it will continue to consume the modified version and delete the modified version from the UTXO database, but the recipients will not have to act on the TXO
John shaw 3 months ago
Apparently, this occasion produces two new UTXOs, a beneficiary adaptation, and an alternate yield. Each organization member adds these two UTXOs to the data set. The sender ought to declare that it will keep on utilizing the altered form and will keep on erasing the changed adaptation from the UTXO data set, however beneficiaries won't have to make a move on the TXO.
Seguedie Ronald Paulin 3 months ago
Pour autant que je sache, cet événement produit deux nouveaux UTXOs, une version du récepteur et une sortie différente. Chaque participant au réseau ajoute ces deux UTXOs à la base de données. L'expéditeur doit annoncer qu'il continuera à utiliser la version modifiée et à la supprimer de la base de données UTXO, mais que les destinataires n'auront pas besoin de prendre des mesures concernant le TXO.
Tolulope 2 months ago
It will produce two new different UTRO.they will both add these two UTXOs to their database. The modified version must be deleted from the UTXO database, but the recipients will not act on the TXO.
Okaku cletus 2 months ago
I buybitcoin at cool rate .get paid instantly..dm me on WhatsApp+2347068802410. from $50-$10000
Romeo 2 months ago
It doesn't matter
fateh 2 months ago
The amount of money you will receive from Social Security on a monthly basis is unique for every individual. This is due to the fact that the Social Security Administration (SSA) uses a complex weighted formula in order to calculate benefits for each person, up to the maximum benefit of $3,148 in 2021.
Francesco Priulla 2 months ago
Per quanto ne so, questo evento produce due nuovi UTXO, una versione del ricevitore e un'uscita diversa. Ogni partecipante alla rete aggiunge questi due UTXO al proprio database. Il mittente deve segnalare che continuerà a consumare la versione modificata e cancellerà la versione modificata dal database UTXO, ma i destinatari non dovranno agire sul TXO.
KaozaTembo 2 months ago
Regardless of the number of miners, it still takes 10 minutes to mine one Bitcoin. At 600 seconds (10 minutes), all else being equal it will take 72,000 GW (or 72 Terawatts) of power to mine a Bitcoin using the average power usage provided by ASIC miners.
Sheila Gamble 2 months ago
Mixed economy reflects characteristics of both market and planned economy. ... The government of any economy following the mixed economy system is subjected to ... The government should have a watch guard to prevent the exploitation ... There are 100 identical firms costs: VC 4 TC FC AVC ATC MC 0 20 1 26 2 28 3 32
Abatchari musa 2 months ago
When the transaction is created, it spends the two UTXO referenced in the inputs. As the transaction is confirmed, every participant removes them from their UTXO database. However, the reference still exists in the blockchain as the outputs of the transactions that created those UTXOs. The transaction also creates two new UTXOs, the Recipient Output and the Change Output. Every participant in the network adds these two UTXO to their database. Let's say that the sender spends the money in the change output quickly thereafter, removing the change output from the UTXO database, but the recipient TXO remains unspent. In that case, (or any other where at least one of the two outputs remains unspent) the transaction would be counted in the "Total Transactions With Unspent Outpu
kaushi 2 months ago
it depends upon how do you buy or sell the bitcoin on that basis the taxes are applied
Hasret ekmekçi 2 months ago
Sanirim 2 yeni utxo,yaratiyor alici ve değişim ciktisi en güvenilir yol bence budur
Castro Mlulongwe Mafwila 2 months ago
Learn about bitcoin fees...
Bitcoin is made up of blocks. Blocks are a set of transactions, and currently restricted to be less than or equal to 1,000,000 bytes and designed so that on average only 1 block per ~10 minutes can be created. The groups the create blocks are known as bitcoin miners. These miners can pick which ever transactions they want in the block they create.

Bitcoin miners get paid all the transaction fees in the block they mine. So as such, it is in their interest to maximize the amount of money they make when they create a block. So what they do is pick the 1,000,000 bytes of transactions that results them getting paid the most money.

From a bitcoin miner perspective, they don't care of the value of a transaction, but just the size (amount of bytes), because they are only allowed to create blocks of 1,000,000 bytes or less. So miners don't consider the absolute fee a transaction has, but rather, the fee per byte.

Why are the fee estimations so high?
Eye-balling it, sometimes it looks like the fee estimates are super high. The reason for that is because they use 95% confidence. If a block was found now maybe you'd only need 20 satoshi/byte, but it might be an hour before the next block and in the subsequent time a large amount of new transactions come in.

Sometimes you don't need such high confidence (e.g. it's not important, or you have a way of fee bumping), so you can get away with much lower fees.

Why are Bitcoin fees so high?
Sometimes fees are high when there is a lot of demand for blockspace due to new investors coming in. Remember that there can be only so many transactions per block. And there is a sort of auction that occurs to determine who's transactions make it in and who's don't. If there are a lot of people who really need to get into the next block, they will pay for the privilege. Wait for demand to die down and fees will be almost 0.

Fees have been coming down since large exchanges like Coinbase have been batching payments.

Why do some low-fee paying transactions appear early in the mempool?
It's because a high-fee paying transaction depends on it, and reprioritizes it. i.e. the only way for the miner to get the money from the "good" transaction, is include a "bad" one first. It's known as Child-Pays-For-Parent (CPFP), but note that some old versions of bitcoin core, and bitcoin unlimited don't support it (and leave those transactions for smarter miner software).

Do you have historical data?
Nope. But https://bitcoinfees.github.io/ does

How did you build this?
The fee estimates are simply generated by calling estimatesmartfee $n on bitcoin core (0.16.0). The chart is generated by dumping the mempool and doing some smart sorting.

Do Bitcoin Fees Change By Country?
No, Bitcoin fees do not change by country. So whether you're in the US, Canada, UK, Europe, New York or anywhere else, you'll be paying the same as users across the globe.

How Do Bitcoin Fees Affect Taxes?
You'll have to consult a tax adviser, but a fee is likely just a normal spend of Bitcoin or use tax software.

A Lowdown on Bitcoin Fees
The Bitcoin website lists fast peer-to-peer transactions, worldwide payments, and low processing fees as the most important features of the cryptocurrency. Not surprisingly, Bitcoin has become extremely popular as a way to send money digitally across the globe as it solves critical problems faced by transactions executed in fiat currencies.

In fact, the number of Bitcoin transactions has been consistently rising this year. The third quarter saw 20 million Bitcoin transactions being executed, up from 17.6 million during the second quarter. What’s more, the number of Bitcoin transactions has increased at the rate of at least 5% month-over-month since February 2018.

This growth can be attributed to the drop in the average transaction fees on the Bitcoin network, which was earlier proving to be a hindrance in the way of the adoption of this cryptocurrency.

A brief history of Bitcoin fees
CNBC reported in December 2017 that users were paying $28 on an average to transact using Bitcoin. There was one Twitter user who claimed that he had to incur $16 worth of fees to send $25 worth of Bitcoin from one address to another, while another journalist had to spend $15 to send $100 worth of Bitcoin from a digital wallet to a hardware wallet. In fact, the average Bitcoin transaction fee had shot up to $55 in the third week of December last year, according to BitInfoCharts

However, the average Bitcoin transaction fee has come down rapidly since then. BitInfoCharts reveals that the average Bitcoin transaction fee had dropped to just $0.50 in the first half of November 2018, which is probably why users are transacting more in Bitcoin to send and receive payments across the globe. But what has caused such a massive drop in the average Bitcoin transaction fees? To find out, we will first have to understand why Bitcoin fees are charged.

The economics behind Bitcoin fees
A Bitcoin transaction has to be added to the Blockchain in order to be successfully completed. However, for a transaction to be added to the Blockchain, it first needs to be validated by miners who solve a complex mathematical problem to verify the transaction. These miners spend a lot of computing power and energy when verifying a block of transactions from the Bitcoin Mempool (short for memory pool), which contains unconfirmed transactions waiting to be added to a block for confirmation.

Now, miners need to be incentivized for the time, effort, and resources that they are putting in to validate the unconfirmed transactions. As a result, they are given a fee of 12.5 BTC to successfully mine a block, but this is just one of the incentives on offer. Miners also earn a transaction fee that’s selected by the sender in a Bitcoin transaction for their effort as they play a critical role in keeping the network secure.

What drives transaction fees?
Each block of transactions on the Blockchain cannot contain more than 1 megabyte of information, so miners can only include a limited number of transactions in each block. This is why miners prioritize those transactions where they have the potential to earn higher transaction fees.

So, if the mempool is full, users looking to get their transactions through will compete on fees. They will push up the fee in a bid to get their transaction included into the next block that’s set to be mined. So, the Mempool bottleneck plays an important role in determining the transaction fee, though this isn’t the only aspect affecting this metric.

The transaction size also has a role to play in the fee determination. As miners can only include select transactions within the 1 megabyte block, they prefer selecting small transaction sizes because they are easier to confirm. Transactions occupying more space, on the other hand, need more work for validation so they need to carry a higher fee in order to be included in the next block.

So, there are two factors determining transaction fees -- network congestion and transaction size -- and they also play a critical role in the time taken for a transaction to be confirmed. For instance, if a user sends a transaction with very low fees attached to it and the Bitcoin Mempool is full, then miners won’t prefer picking that transaction because of the low incentive involved. In such cases, it could take several hours for the transaction to be confirmed.

However, if a user is willing to pay a higher transaction fee, then the first confirmation could arrive in 10 minutes, which is the time taken to mine a block. The Bitcoin community requires six such confirmations for a transaction to be completely validated. This means that if there’s no network congestion and the fee attached is high, then the transaction should be successfully processed in an hour.

The future of Bitcoin fees
Earlier we saw that Bitcoin fees have dropped rapidly over the past year, spurring a growth in the number of transactions. This can be attributed to the smaller Bitcoin Mempool size. However, in case the number of unconfirmed transactions increases at a faster pace than the rate at which new blocks are mined, there will be network congestion. This is when the average Bitcoin transaction fees will go up.

This is the scalability problem faced by Bitcoin thanks to the limited number of nodes. However, the community is coming up with ways to circumnavigate this issue so that numerous transactions are executed quickly with low fees. Earlier this year, a user was able to carry out 42 transactions using the Lightning Network and spent just 4.9 cents in transaction costs.

The Lightning Network is a second-layer payment protocol on top of the Bitcoin blockchain that’s capable of conducting a high volume of transactions at speed by reducing the on-chain load. As such, there’s a good chance that the average Bitcoin transaction fees will remain low going forward thanks to the development of such payment protocols, thereby boosting the adoption of this cryptocurrency as a means of digital payments.
Castro Mlulongwe Mafwila 2 months ago
Learn about bitcoin fees...
Bitcoin is made up of blocks. Blocks are a set of transactions, and currently restricted to be less than or equal to 1,000,000 bytes and designed so that on average only 1 block per ~10 minutes can be created. The groups the create blocks are known as bitcoin miners. These miners can pick which ever transactions they want in the block they create.

Bitcoin miners get paid all the transaction fees in the block they mine. So as such, it is in their interest to maximize the amount of money they make when they create a block. So what they do is pick the 1,000,000 bytes of transactions that results them getting paid the most money.

From a bitcoin miner perspective, they don't care of the value of a transaction, but just the size (amount of bytes), because they are only allowed to create blocks of 1,000,000 bytes or less. So miners don't consider the absolute fee a transaction has, but rather, the fee per byte.

Why are the fee estimations so high?
Eye-balling it, sometimes it looks like the fee estimates are super high. The reason for that is because they use 95% confidence. If a block was found now maybe you'd only need 20 satoshi/byte, but it might be an hour before the next block and in the subsequent time a large amount of new transactions come in.

Sometimes you don't need such high confidence (e.g. it's not important, or you have a way of fee bumping), so you can get away with much lower fees.

Why are Bitcoin fees so high?
Sometimes fees are high when there is a lot of demand for blockspace due to new investors coming in. Remember that there can be only so many transactions per block. And there is a sort of auction that occurs to determine who's transactions make it in and who's don't. If there are a lot of people who really need to get into the next block, they will pay for the privilege. Wait for demand to die down and fees will be almost 0.

Fees have been coming down since large exchanges like Coinbase have been batching payments.

Why do some low-fee paying transactions appear early in the mempool?
It's because a high-fee paying transaction depends on it, and reprioritizes it. i.e. the only way for the miner to get the money from the "good" transaction, is include a "bad" one first. It's known as Child-Pays-For-Parent (CPFP), but note that some old versions of bitcoin core, and bitcoin unlimited don't support it (and leave those transactions for smarter miner software).

Do you have historical data?
Nope. But https://bitcoinfees.github.io/ does

How did you build this?
The fee estimates are simply generated by calling estimatesmartfee $n on bitcoin core (0.16.0). The chart is generated by dumping the mempool and doing some smart sorting.

Do Bitcoin Fees Change By Country?
No, Bitcoin fees do not change by country. So whether you're in the US, Canada, UK, Europe, New York or anywhere else, you'll be paying the same as users across the globe.

How Do Bitcoin Fees Affect Taxes?
You'll have to consult a tax adviser, but a fee is likely just a normal spend of Bitcoin or use tax software.

A Lowdown on Bitcoin Fees
The Bitcoin website lists fast peer-to-peer transactions, worldwide payments, and low processing fees as the most important features of the cryptocurrency. Not surprisingly, Bitcoin has become extremely popular as a way to send money digitally across the globe as it solves critical problems faced by transactions executed in fiat currencies.

In fact, the number of Bitcoin transactions has been consistently rising this year. The third quarter saw 20 million Bitcoin transactions being executed, up from 17.6 million during the second quarter. What’s more, the number of Bitcoin transactions has increased at the rate of at least 5% month-over-month since February 2018.

This growth can be attributed to the drop in the average transaction fees on the Bitcoin network, which was earlier proving to be a hindrance in the way of the adoption of this cryptocurrency.

A brief history of Bitcoin fees
CNBC reported in December 2017 that users were paying $28 on an average to transact using Bitcoin. There was one Twitter user who claimed that he had to incur $16 worth of fees to send $25 worth of Bitcoin from one address to another, while another journalist had to spend $15 to send $100 worth of Bitcoin from a digital wallet to a hardware wallet. In fact, the average Bitcoin transaction fee had shot up to $55 in the third week of December last year, according to BitInfoCharts

However, the average Bitcoin transaction fee has come down rapidly since then. BitInfoCharts reveals that the average Bitcoin transaction fee had dropped to just $0.50 in the first half of November 2018, which is probably why users are transacting more in Bitcoin to send and receive payments across the globe. But what has caused such a massive drop in the average Bitcoin transaction fees? To find out, we will first have to understand why Bitcoin fees are charged.

The economics behind Bitcoin fees
A Bitcoin transaction has to be added to the Blockchain in order to be successfully completed. However, for a transaction to be added to the Blockchain, it first needs to be validated by miners who solve a complex mathematical problem to verify the transaction. These miners spend a lot of computing power and energy when verifying a block of transactions from the Bitcoin Mempool (short for memory pool), which contains unconfirmed transactions waiting to be added to a block for confirmation.

Now, miners need to be incentivized for the time, effort, and resources that they are putting in to validate the unconfirmed transactions. As a result, they are given a fee of 12.5 BTC to successfully mine a block, but this is just one of the incentives on offer. Miners also earn a transaction fee that’s selected by the sender in a Bitcoin transaction for their effort as they play a critical role in keeping the network secure.

What drives transaction fees?
Each block of transactions on the Blockchain cannot contain more than 1 megabyte of information, so miners can only include a limited number of transactions in each block. This is why miners prioritize those transactions where they have the potential to earn higher transaction fees.

So, if the mempool is full, users looking to get their transactions through will compete on fees. They will push up the fee in a bid to get their transaction included into the next block that’s set to be mined. So, the Mempool bottleneck plays an important role in determining the transaction fee, though this isn’t the only aspect affecting this metric.

The transaction size also has a role to play in the fee determination. As miners can only include select transactions within the 1 megabyte block, they prefer selecting small transaction sizes because they are easier to confirm. Transactions occupying more space, on the other hand, need more work for validation so they need to carry a higher fee in order to be included in the next block.

So, there are two factors determining transaction fees -- network congestion and transaction size -- and they also play a critical role in the time taken for a transaction to be confirmed. For instance, if a user sends a transaction with very low fees attached to it and the Bitcoin Mempool is full, then miners won’t prefer picking that transaction because of the low incentive involved. In such cases, it could take several hours for the transaction to be confirmed.

However, if a user is willing to pay a higher transaction fee, then the first confirmation could arrive in 10 minutes, which is the time taken to mine a block. The Bitcoin community requires six such confirmations for a transaction to be completely validated. This means that if there’s no network congestion and the fee attached is high, then the transaction should be successfully processed in an hour.

The future of Bitcoin fees
Earlier we saw that Bitcoin fees have dropped rapidly over the past year, spurring a growth in the number of transactions. This can be attributed to the smaller Bitcoin Mempool size. However, in case the number of unconfirmed transactions increases at a faster pace than the rate at which new blocks are mined, there will be network congestion. This is when the average Bitcoin transaction fees will go up.

This is the scalability problem faced by Bitcoin thanks to the limited number of nodes. However, the community is coming up with ways to circumnavigate this issue so that numerous transactions are executed quickly with low fees. Earlier this year, a user was able to carry out 42 transactions using the Lightning Network and spent just 4.9 cents in transaction costs.

The Lightning Network is a second-layer payment protocol on top of the Bitcoin blockchain that’s capable of conducting a high volume of transactions at speed by reducing the on-chain load. As such, there’s a good chance that the average Bitcoin transaction fees will remain low going forward thanks to the development of such payment protocols, thereby boosting the adoption of this cryptocurrency as a means of digital payments.
[email protected] 2 months ago
Bitcoin is made up of blocks. Blocks are a set of transactions, and currently restricted to be less than or equal to 1,000,000 bytes and designed so that on average only 1 block per ~10 minutes can be created. The groups the create blocks are known as bitcoin miners. These miners can pick which ever transactions they want in the block they create.
Neutrix 1 month ago
This is a very Interesting question. Well the thing is, this event produces two new UTXOs, a receiver version, and a different output. Each network participant adds these two UTXOs to the database. The sender would then have to announce that it will continue to use the modified version and will continue to delete the modified version from the UTXO database, but recipients will not need to take action on the TXO.
Sithu78 1 month ago
If you want to transfer you can use block chain
https://play.google.com/store/apps/details?id=piuk.blockchain.android
Saviour Kayombo 1 month ago
Using one of the applications sites above, Joe determines the price of bitcoin to
be approximately $100 US dollars per bitcoin.Atthatrate he should give Alice 0.01
bitcoin, also known as100 milli Bits,in return for the $10 US dollars she gave him.
Once Joe has establisheda fair exchange price,he open OTXO mobile wallet application
and selects to“send”bitcoin.He is presented with screener questing two inputs:
•The destination bitcoin address for the transaction on
•The amount of bitcoin to send
ahmedtij 1 month ago
Nov 24, 2019 · Bitcoin Core, the open-source development community that develops and maintains the Bitcoin blockchain, have released a new version of the full node and wallet software. Similar to the August 2019 release, this upgrade could be the last one before the anticipated halving of Bitcoin.
Adams Saah 1 month ago
https://www.oreilly.com/library/view/mastering-bitcoin/9781491902639/ch02.html
Aditya Goyal 1 week ago
As far as i know, this event produces two new UTXOs, a receiver version and a different output.
Treasure Tadzaushe 1 week ago
When the transaction is created, it spends the two UTXO referenced in the inputs. As the transaction is confirmed, every participant removes them from their UTXO database. However, the reference still exists in the blockchain as the outputs of the transactions that created those UTXOs. The transaction also creates two new UTXOs, the Recipient Output and the Change Output. Every participant in the network adds these two UTXO to their database. Let's say that the sender spends the money in the change output quickly thereafter, removing the change output from the UTXO database, but the recipient TXO remains unspent. In that case, (or any other where at least one of the two outputs remains unspent) the transaction would be counted in the "Total Transactions With Unspent Outpu