UTXOs Explained: Understanding Bitcoin Transactions for Beginners

Agenda

7:00pm Meet and greet
7:15pm News / Current Events
7:30pm UTXOs Explained: Understanding Bitcoin Transactions for Beginners

In this discussion, we will

• Learn one of the fundamentals of Bitcoin: What is an unspent transaction output (UTXO).
• Learn what a UTXO has to do with the bitcoin blockchain.
• Learn how UTXOs are created, how they are consumed, and what they have to do with bitcoin transactions.
• See UTXOs in popular web based block explorers.
• Take a look at the current number of UTXOs in the bitcoin blockchain.
• Discuss how digital signatures are able to authorize the transfer ownership of the bitcoin stored in UTXOs to new UTXOs.
• Discuss how UTXOs are used by wallets and how poor wallet design and use can lead to poor transactional privacy.
• Mention CoinJoin transactions and how they seek to improve the privacy.

9:00pm Close

Location

The event is hosted at McCarthy Stevenot Agency, Inc:

209 Main St
Milford, OH 45150
(Looks like an art gallery and has old trains in the front window).

Map

Reminders

• No photos, videos, audio recording
• Chatham House Rule
• Leave the meeting space as clean as you found it
• Suggest topics for the next meetup! Where to find topics?