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Understanding the Bitcoin Transaction Development Process: Does User Specification play a meaning?
When a person moves into a difficult Bitcoin business world, you need to understand the basic mechanics and the functioning input and exit. In this article, we immersed in the specifics of the transaction processing process, focusing on whether the user amount is required.
Basics: UTXOS and Exit
Bitcoin transactions are made using uninvited transaction results (UTXOS). These outputs reflect the means that other users have in previous transactions. When designing a new deal, users choose special UTXOS, which are contained as inputs (i.e. their own coins) and others to include the outputs (i.e., the recipient’s coin).
The process of creating transactions
When the user creates a Bitcoin transaction, he usually performs the following:
One of these inputs means that the sender will spend in exchange for UTXO output.
- Creating outputs : The user selects one or more utxos outputs to contain it as outputs. These outputs depict the recipient coins and are used to receive the payment.
3.
Does the User Amount specification depend?
The answer to this question is not significant. When designing a new deal, users can easily choose their UTXOS input without entering the amount they plan to spend or receive. The process of creating transactions indirectly determines the amount using selected utxos as inputs.
Bitcoin has a drowning field in each record, which retains the value spent. When selecting one UTXO input users, users actually determine the total amount they plan to spend in exchange for UTXO output.
Example:
Let’s say the user wants to send 10 BTC (Bitcoin Cash) from their wallet and to the recipient B. They choose UTXOS input from the wallet A, which contains funds for this transaction and does not specify any special amount.
After the transaction, the entrance combines with other existing transactions in the blockchain. The outputs are created, respectively, as links using the selected UTXOS entrance.
Conclusion
In short, the user specification is not required in the transaction process, as this task takes care of the indirect amount using the selected UTXOS. This understanding can help users orientation in a complex Bitcoin business country and optimize their transactions for better security and efficiency.