How to unlock Utxo?
I'm trying to figure out how to unlock Utxo. I've heard about it in the context of cryptocurrency transactions, and I understand it represents unspent transaction outputs. Now, I need to know the steps or methods to unlock these Utxos so I can use them.
What is a UTXO in Bitcoin?
Can you explain what a UTXO stands for in the context of Bitcoin? I've heard the term mentioned before but I'm not entirely sure how it relates to the blockchain or the transactions that occur within the Bitcoin network. Is it a critical component of the system, and if so, how does it function? I'd appreciate a clear and concise explanation that helps me understand the significance of UTXOs in Bitcoin.