Close Menu
  • Home
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
What's Hot

bitcoin core – How does uncapping OP_RETURN impact long-term fee-market quality and security budget?

September 13, 2025

Wall Street sets pace for Asia: Nikkei and KOSPI hit record highs – Forecasts – 12 September 2025

September 13, 2025

FTC probes Google and Amazon over ad pricing disclosures

September 13, 2025
Facebook X (Twitter) Instagram
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
Facebook X (Twitter) Instagram
Cointelegraphe
  • Home
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
Cointelegraphe
Home»Bitcoin»Does the user not need to specify the amount in the transaction creation process as the amount is implicitly determined by the UTXOs they select?
Does the user not need to specify the amount in the transaction creation process as the amount is implicitly determined by the UTXOs they select?
Bitcoin

Does the user not need to specify the amount in the transaction creation process as the amount is implicitly determined by the UTXOs they select?

adminBy adminNovember 10, 2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Reading this again after @amaclin’s answer, I realize that you might have indeed been asking about the input amounts rather than the output amounts. If so, you are correct. The input amounts are not explicitly specified in the transaction as they are specified by the prior transaction that created the UTXOs. A spending transaction only needs to specify which UTXOs it exactly spends, but the information about the output script and amount are already present in each node’s UTXO set.


If you were asking about output amounts, see my original answer below:

It depends on the type of transaction you are building.

If you are sweeping a wallet, consolidating into a single output or depositing several whole UTXOs to a service, you probably do not care about specifying the amount of the output. Rather, it is implicitly defined by the inputs and fees.

However, in my experience, most transactions are created to make one or multiple payments. When you make a payment transaction, you do want to send a specific amount to each receiver of the payment. Only the potential change output amount would then be determined by what remains from the inputs after deducting the payment amount and the fees.



Source link

amount creation determined implicitly Process select transaction User UTXOs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

bitcoin core – How does uncapping OP_RETURN impact long-term fee-market quality and security budget?

September 13, 2025

Ethereum Supply Shock? BitMine Absorbs 319,000 ETH In A Week

September 11, 2025

You Cannot Stop Bitcoin Metaprotocols

September 10, 2025

Ledger CTO Warns of NPM Supply-Chain Attack Hitting 1B+ Downloads

September 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Insights

bitcoin core – How does uncapping OP_RETURN impact long-term fee-market quality and security budget?

September 13, 2025

Wall Street sets pace for Asia: Nikkei and KOSPI hit record highs – Forecasts – 12 September 2025

September 13, 2025

FTC probes Google and Amazon over ad pricing disclosures

September 13, 2025

XION is available for trading!

September 13, 2025
ads

Subscribe to Updates

Get the latest creative news from Cointelegraphe about Crypto, bItcoin and Altcoin.

About Us
About Us

At CoinTelegraphe, we are dedicated to bringing you the latest and most insightful news, analysis, and updates from the dynamic world of cryptocurrency. Our mission is to provide our readers with accurate, timely, and comprehensive information to help them navigate the complexities of the crypto market.

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

bitcoin core – How does uncapping OP_RETURN impact long-term fee-market quality and security budget?

September 13, 2025

Wall Street sets pace for Asia: Nikkei and KOSPI hit record highs – Forecasts – 12 September 2025

September 13, 2025

FTC probes Google and Amazon over ad pricing disclosures

September 13, 2025
Get Informed

Subscribe to Updates

Get the latest creative news from Cointelegraphe about Crypto, bItcoin and Altcoin.

Please enable JavaScript in your browser to complete this form.
Loading
  • About us
  • Contact Us
  • Shop
  • Privacy Policy
  • Terms and Conditions
Copyright 2024 Cointelegraphe Design By Horaam Sultan.

Type above and press Enter to search. Press Esc to cancel.