UTXO

      UTXO is the acronym that stands for Unspent-Transaction-Output;

      An Unspent-Transaction-Output is an accountancy system design of blockchains that is used to manage the transfers of digital money & assets. 

     Every time a transaction takes place the entire balance of the spender is activated, the appropriate amount is deducted and the remaining spender’s balance is known as a UTXO. It can be thought of as a chain of transactions that indicates which address is the owner of a certain pool of value.