Socratic Seminar #4b
Building Wallets & UTXOs · 27 September 2025
Location
Port Harcourt
Announcements
Join us for another Bitcoin Socratic Seminar!
Attendance: 10 participants
Reminders
- We prefer no photos and no videos during the event
- Chatham House Rule
- Leave the meeting space as clean as you found it
- Suggest topics for the next Socratic Seminar! Check our About page for guidance
Discussion Topics
A technical breakdown of the Unspent Transaction Output (UTXO) model. The session contrasted Bitcoin's UTXO approach with traditional account-based blockchain models, detailing how transactions are mapped and verified.
- The UTXO model explained — how Bitcoin tracks ownership without accounts
- Contrasting UTXOs with account-based models (e.g. Ethereum)
- Transaction construction: inputs, outputs, change addresses, and fees
- UTXO management strategies for privacy and cost efficiency
- Wallet architecture: how wallets select and spend UTXOs