Channel: aantonop

Category: Science & Technology

Tags: andreas m antonopoulosopen blockchainutxoandreas antonopoulos bitcoinutxo consolidationopen blockchain technologybitcoin technology educationopen blockchain educationandreas antonopoulosutxo blockchainandreas antonopoulos cryptocurrencycryptoblockchain educationcryptocurrencybitcoin educationblockchaincryptocurrency educationcryptocurrency explainedandreas antonopoulos blockchainaantonopbitcoin technologybitcoinutxo explained

Description: Learn in this educational video from Andreas M. Antonopoulos when and how to consolidate Bitcoin UTXOs, also known as Unspent Transaction Outputs. There are plusses and minuses to different consolidation approaches with Bitcoin, so if you're wondering if and when to consolidate, this video explains consolidation of Bitcoin change in your wallet. Chapters 0:00 Is it advisable to consolidate small amounts of bitcoin received over time to different addresses within the same wallet into a single address? 1:07 Consolidating when fees are low can equal lower transaction fees later 2:03 Consolidating UTXOs from multiple addresses can damage your privacy COMMENT below and let us know what you think of the video. Post your follow-up questions there too! SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1 JOIN this YouTube channel about Bitcoin and open blockchains to become a YouTube Community Member and access custom emoji and other perks: youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join BECOME a Community Builder: patreon.com/aantonop LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. aantonop.io/takeaworkshop You can also learn from one of aantonop's many books about bitcoin, ethereum, and open blockchains. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter. About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at aantonop.com From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission. ***Learn More From Andreas** Amazon & Kindle: amazon.com/-/e/B00MVAG8Z8 Audible: audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8 E-books & Merch: aantonop.io/shop Patreon: patreon.com/aantonop Website: aantonop.com Workshops: aantonop.com/workshops ***Connect with Andreas on Socials*** Facebook: facebook.com/AndreasMAntonopoulos Instagram: instagram.com/amantonop LinkedIn: linkedin.com/company/aantonop Twitter: twitter.com/aantonop Thanks for watching, sharing, and subscribing!