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Is this good enough of an explanation on how a transaction works ?

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A transaction moves value from one or more outputs (technically known as UTXO's) of previous transactions, to one or more new outputs.

During this process there is made use of inputs, whose role it is to specify which of the previous outputs are to be spent on the new outputs, as well as authorizing the transaction through use of the owner's digital signature, thus providing proof-of-ownership.

*The above is true for each output that wants to be spent, e.g ; five outputs amount to five inputs, amounting to five digital signatures and thus providing proof-of-ownership for each of the five different outputs.

In the end, only the outputs will be displayed, since this is where the value is held.

In short ; Inputs act as a bridge to facilitate the transfer of one or more previous outputs, to one or more new outputs.

submitted by /u/Fabs_-
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