💥UTXO

What is an UTXO: An unspent transaction output (UTXO) is the amount of digital currency that remains after a cryptocurrency transaction. You can think of it as the change you receive after buying an item, but it is not a lower denomination of the currency—it is a transaction output in the database generated by the network to allow for non-exact change transactions.

UTXO?

Learn everyting about the UTXO project and dapp!

What is the UTXO project all about?

The token UTXO started as a meme narrative on the STAMP protocol on Bitcoin that people could mint all around the world. The mint of the UTXO token was fair and has been fully transparent and decentralized! UTXO does not have any centralized party or owner within the project. Would you like to know more about UTXO? Please read the entire whitepaper!

What is the utility of UTXO project?

The core of UTXO is the narrative and meme. So in other words, this could be translated to a community. Every project needs a great and strong community! This is the stepping stone of all great new things. Although this is already a great utility, the UTXO project didn’t wanted to stop there. Therefore UTXO is trying to add even more utility to the UTXO token and ecosystem.

The UTXO project is creating an all in one DAO and LAUNCHPAD on top of Bitcoin! The UTXO dapp does not only generate a revenue stream and offers a DAO governance, but could also onboard a ton of new projects and teams who could build on top of Bitcoin and support the UTXO and STAMP protocol! Would you like to know more about UTXO? Please read the entire whitepaper!

What are SRC20 tokens?

SRC-20 tokens are tokens on the Bitcoin blockchain and STAMP protocol. They store data using UTXO, which ensures permanent Bitcoin storage that cannot be pruned.

The SRC-20 token standard is used to issue fungible tokens on the Bitcoin blockchain by attaching data to Bitcoin. The SRC-20 standard is likened to the ERC-20 standard on the Ethereum blockchain and even closer to the BRC-20 token standard on the Bitcoin blockchain.

Bitcoin ordinals and Bitcoin STAMPS are associated with BRC-20 and SRC-20 tokens respectively. Both technologies allow expanded use cases for the Bitcoin network although they share a few differences in how they work.

Bitcoin STAMPS technology works by inscribing data on UTXO Bitcoin, developers leverage this to create tokens according to the SRC-20 and SRC-721 (STAMPS) standards.

Author: Coingecko