AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The All-Seeing Eye of Bitcoin: UTXOs Explained
This chapter delves into the metaphor of the 'all-seeing eye' in Bitcoin's transaction history, emphasizing the decentralized yet centralized nature of information through Unspent Transaction Outputs (UTXOs). It also connects the design of UTXOs to game theory concepts from John Nash, highlighting their role in preventing double spending and supporting Bitcoin's governance structure.