Output in cryptocurrency refers to the result of a transaction that specifies the amount of digital coins being sent from one address to another. When a transaction is created, it generates outputs that indicate where the coins are going. Each output includes details such as the destination address and the amount.In a broader sense, outputs are crucial for maintaining the integrity and traceability of transactions on a blockchain. They essentially act as new instances of value that can be spent in future transactions. When a user spends their cryptocurrency, they reference one or more of these outputs as inputs to their new transaction. This creates a link between past and current transactions, ensuring that the coins are not double-spent. In summary, outputs are fundamental components of transactions, allowing for the proper flow of value and ensuring that all transfers can be tracked back within the blockchain ledger.
BitMine Reports $13.4 Billion in Crypto and Cash Holdings
BitMine Immersion Technologies on Monday reported total holdings of $13.4 billion in cryptocurrency, cash, and equity stakes, reinforcing its position