Not sure why no one has mentioned this, but Bitcoin doesn't work like that - it's not like Ethereum where transactions require an iterative nonce - you can spend inputs even if a transaction from the same address is stuck in the mempool. Some additional clarity would be nice...https://twitter.com/cz_binance/status/1536317704990208000 …
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By the way, I'm just pointing out a detail in his wording that I found interesting. I do not think Binance is insolvent - nor do I think they will ever be insolvent - FTR, I think
@cz_binance is in general an intelligent, honourable man. Withdrawals will be fine, give it a bit.Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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So withdrawal transaction must not be confirmed on the other side?
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coincidence for sure…
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Bitcoin uses UTXO so every transaction has to use the entire address balance and send any unspent amount back to yourself (usually at a new address). Not sure what you mean that Binance doesn’t do this. Everyone has to do this.
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From experience, I believe most if not all btc exchange hot wallets take advantage of the ‘change wallet’ feature… don’t quote us on this but we think that went into effect with segwit
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