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UTXO stands for Unspent Transaction Output (. Simply put, it refers to the portion of cryptocurrency that you have received but have not yet used. Bitcoin operates based on this system!
The UTXO system allows you to precisely track where the funds you received came from, making it highly transparent and secure. Due to this system, blockchain transactions have a high level of credibility.
TBC is built on the UTXO system and provides extended functionality. It not only supports standard token transfers but also enables more complex smart contract operations.