Excellent video. Another one from the best Bitcoin company that I have found. You guys seriously deserve to rocket up in customers and success!
@MissionTrailTrad Жыл бұрын
Thank you, Tom. Very helpful explanation.
@tomhonzik_unchained Жыл бұрын
Happy to help!
@muscleweb Жыл бұрын
Thanks! Great video!
@Mr.McMello Жыл бұрын
thanks for the video!
@kimlacotropia83565 ай бұрын
Does unchained offer assistance with this for a fee?
@jeb1110 Жыл бұрын
A very important video! Question - if I have 25 UTXOs in a wallet totaling to 1 btc, to consolidate do I need to send the whole bitcoin to another address or can I just send a small amount like .1 btc and that will consolidate the large UTXO wallet?
@brandonminnick9582 Жыл бұрын
to consolidate them, they need to be sent. so 25 utxos would be selected to be sent in 1 transaction. of course that could be sent to yourself.
@JoeKazemi6 ай бұрын
Very helpful.
@patricknotstar5817 Жыл бұрын
can I consolidate by just sending my max balance on my wallet to the receiving adress of the same wallet to turn it into 1 UTXO
@gijsknippers6579 Жыл бұрын
Yes, but having only 1 UTXO wil mean less privacy.
@frankjoy24559 ай бұрын
@@gijsknippers6579privacy is compromised since day 1 since wallet providers know the seed phrase associated to your wallet and your delivery address (if the wallet was sent to your place). Privacy in btc is a myth and 95% of retail hodlers live in a fantasy that they have privacy built around their stacks. Having said this, a lot more privacy than having your fiat money in a deposit account
@solar196010 ай бұрын
Why do some outputs show 0 and some show 1? I notice on my utxo outputs some of mine some say 0 and some say 1
@tomhonzik_unchained9 ай бұрын
@solar1960 0 is the first output of a transaction and 1 is the second output. Most transactions have 2 outputs, because one of the outputs is change coming back to the sender.
@solar19609 ай бұрын
@tomhonzik_unchained so if you were sending all of your funds with no change output would be 0 not 1?
@tomhonzik_unchained9 ай бұрын
@@solar1960 Yes, the index number is basically randomized among the outputs, but it starts with 0 and goes up from there. That means that if there are 2 outputs, and one is change, the change could be index number 0 or 1. This is good for privacy, to not know for sure which output is change. If there is only one output with no change, it will always have index number 0. If you receive bitcoin from an exchange or mining pool that sends bitcoin to many people at once, there can be a lot of outputs, and you can see index numbers that are much higher than 1.