output

3 answers

• Dec 17, 2021 · 3 years ago
  In the context of cryptocurrency, 'output' refers to the result of a transaction. When a transaction takes place on a blockchain, it typically has inputs and outputs. The inputs are the funds being spent, and the outputs are the new funds being created or transferred to different addresses. Each output specifies the amount of cryptocurrency being sent and the address it is being sent to. Outputs are an essential part of the transaction verification process and help ensure the integrity of the blockchain.
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• Dec 17, 2021 · 3 years ago
  Output in cryptocurrency simply means the result or outcome of a transaction. It represents the new funds that are being created or transferred to different addresses. Outputs contain information about the amount of cryptocurrency being sent and the address it is being sent to. Understanding outputs is crucial for tracking and verifying transactions on the blockchain.
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• Dec 17, 2021 · 3 years ago
  When it comes to cryptocurrency, 'output' refers to the result of a transaction. It represents the new funds that are being generated or transferred to different addresses. Outputs contain information about the amount of cryptocurrency being sent and the address it is being sent to. By examining the outputs, one can trace the flow of funds and verify the legitimacy of transactions. It's an important concept in the world of cryptocurrencies.
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