UTXO.com sold for $20,000 at Sedo on Wednesday. At first glance someone might think it’s not the best looking 4L.com, just a random name that hit the jackpot.
UTXO has relevance in the crypto world. Investopedia.com has a whole page dedicated to UTXO.
What Is UTXO?
The term UTXO refers to the amount of digital currency someone has left remaining after executing a cryptocurrency transaction such as bitcoin. The letters stand for unspent transaction output. Each bitcoin transaction begins with coins used to balance the ledger. UTXOs are processed continuously and are responsible for beginning and ending each transaction. Although confirmation of transaction results in the removal of spent coins from the UTXO database, a record of the spent coins still exists on the ledger.
Congrats to the seller, well done on getting an excellent price.