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    Richard Walker
    May 16
    Edited: May 18

    Basics of Crypto Currencies - 3. UTXOs & Accounts

    in Decentralised Finance

    In this walkthrough of Satoshi Nakamoto's 2009 paper:- "Bitcoin: A Peer-to-Peer Electronic Cash System" we look at the notion of cash as a "chain of digital signatures". We see how the concept of Unspent Transaction Outputs or "UTXOs" is key to ownership and transfer of assets in cryptocurrencies like Bitcoin.




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