Terenval Crypto Glossary · Русская версия

Bitcoin transaction

Definition: A Bitcoin transaction is a data structure that spends one or more existing transaction outputs and creates new outputs according to Bitcoin's consensus and script rules.

Inputs reference earlier UTXOs, outputs define new spend conditions, and signatures normally prove that the spender is authorized to satisfy the relevant script conditions.

How this concept appears in Terenval Wallet

Terenval Wallet constructs and signs Bitcoin transactions for the user's Bitcoin account and then broadcasts them to the Bitcoin network.

Important: Verify the destination, amount and fee before signing because a confirmed Bitcoin transaction is generally not reversible.

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Sources and review

Published and technically reviewed by Terenval; product claims are first-party information.