Honestly, it's very helpful. At first, I had trouble understanding what a UTXO was, and then understanding what a CONSOLIDATION was.
Now when I explain these concepts to others, I like to say that a UXTO is like a bill in your wallet. A private bill that you own, waiting to be spent at some point.
I see consolidations as having many bills, whether they are 1,5, 10,∗∗or∗∗20 bills. When you put them together, they become a $100 bill or, in this case, bills of 100, 250, or 500 thousand SATS(to give an example). Obviously, in bitcoin, we can have larger bills (UTXOs).
Honestly, it's very helpful. At first, I had trouble understanding what a UTXO was, and then understanding what a CONSOLIDATION was.
Now when I explain these concepts to others, I like to say that a UXTO is like a bill in your wallet. A private bill that you own, waiting to be spent at some point.
I see consolidations as having many bills, whether they are 1,5, 10,∗∗or∗∗20 bills. When you put them together, they become a $100 bill or, in this case, bills of 100, 250, or 500 thousand SATS (to give an example). Obviously, in bitcoin, we can have larger bills (UTXOs).