Blockchains like Bitcoin rely on the concept of “unspent transaction outputs” (UTXO) to organize transactions. Traders on a blockchain using the UTXO model may receive small amounts of “change” from a transaction. Sometimes, these minute quantities of currency are unusable.
Users cannot send the “dust” of a currency if doing so would cost more than the quoted transaction fees. However, it is worth noting transaction fees fluctuate due to transaction volume, meaning that users that own defunct “dust” may be able to trade it at a later point.
Q: What is the meaning for the word DUST in cryptocurrency?
A: is the term used for very small amounts of cryptocurrency.
KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form of answering questions, more people can participate in the knowledge learning of the blockchain. You can see this knowledge now because there are a lot of people involved and contributing to the creation of blockchain knowledge. You can also be one of them and share up to 20% in bonuses. You dont need to spend any money, just use part of your spare time to participate in the creation of knowledge. Join our Telegram group to learn more.
The content of Know to earn knowledge base is provided by users. If there is any infringement, please contact us to delete it as soon as possible.