The total input value of a Bitcoin transaction is the sum of the values of all the UTXOs that are being spent in that transaction. The total output value is the sum of the values of all the new UTXOs that are created in that transaction. So, if you’re trying to figure out how much “money” is moving around on the Bitcoin network, you need to look at the total input and output values of all the transactions.
Other related questions:
Q: What are Bitcoin inputs and outputs?
A: Bitcoin inputs are the source of funds for a transaction. They are typically referenced by a transaction’s id (txid) and are used to spend the outputs of a previous transaction.
Bitcoin outputs are the destination of funds for a transaction. They can be thought of as the equivalent of a physical address, and are typically referenced by a Bitcoin address.
Q: What are inputs in blockchain?
A: The inputs in blockchain are the data or information that is used to create a new block in the chain. This can include transaction data, financial data, or any other type of information.
Q: What is an output of a blockchain transaction?
A: The output of a blockchain transaction is the record of the transaction that is stored on the blockchain. This record includes the sender, receiver, and amount of the transaction.
Q: What is total value BTC?
A: The total value of all bitcoins in circulation is approximately $145 billion.
- Transaction – Bitcoin Wiki
- What are Inputs and Outputs? – Cointelegraph
- How Do Bitcoin Transactions Work?
- 5. Transactions – Mastering Bitcoin [Book] – O’Reilly
- What’s in a Bitcoin Transaction?. Full video course … – Medium
- Bitcoin Total Output Value Per Day – YCharts