UTXO is a bad name. I know it’s not your fault that it was chosen. Your example with bills clearly illustrates that bill would have been a better name. Any term like “bundle”, “package”, or even “packet” would be better. Another bad term is “spendable transaction”. A transaction means that some spending has occurred.

The course of history is determined by the spreading of ideas. I’m spreading the good ones.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store