Transactions

How Value Moves on the Network

UTXO Model

Input

Previous UTXO
2.5 BTC
Process

Output

To Recipient
2.0 BTC
Change + Fee
0.5 BTC
1
Create

User initiates transaction

2
Sign

Digital signature applied

3
Broadcast

Sent to network

4
Confirm

Added to blockchain

~10 min
Average Block Time
24/7
Network Uptime
Final
Settlement
5/10
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