What does UTXO stand for? - Blockchain Quiz

Blockchain - Quiz(MCQ)

What does UTXO stand for?

United Transaction Office

Union of Texas Operations

Unspent Transaction Output

United Texan Xerox Organization

Correct Answer : Unspent Transaction Output

Explanation : An Unspent Transaction Output (UTXO) is the technical term for the amount of digital currency that remains after a cryptocurrency transaction.

Recently Updated in Blockchain Questions

What biblical name is given to the first block in blockchain?

Genesis

Ada

Origin

Primal

Correct Answer : Genesis

Explanation : A genesis block (block number 0) is the initial block in a blockchain. This is the sole block in a blockchain that does not include any transactions and does not have a valid reference to a previous block.

Blockchain does not provide?

Security

Immutability

Fast transaction time

Fault tolerance

Correct Answer : Fast transaction time

Explanation : When a blockchain's scalability is high, it means the network can handle a large number of transactions quickly. It enables separate accounts to exchange data swiftly, if not immediately, independent of the network traffic.

The height of the block is the ____ in the chain between it and the genesis block.

Metadata that is

Merkle tree hash

Size of the memory cache

Number of blocks

Correct Answer : Number of blocks

Explanation : The total number of blocks connected since the genesis block is the block height. The number of blocks between any given block and the genesis block determines its height.