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Francis Pouliot: Receiving Bitcoin via BULL wallet may not increase your UTXOs

Francis Pouliot: Receiving Bitcoin via BULL wallet may not increase your UTXOs
Bitcoin buy may not add UTXOs

Francis Pouliot, who is CEO and founder of BullBitcoin.com and is profiled at Francis Pouliot, described a situation where buying Bitcoin through the BULL wallet and having the payment sent to a wallet on-chain immediately does not increase the number of UTXOs in the receiving wallet. Pouliot said a user might still have only one UTXO in their wallet after such a transaction.

Pouliot has previously highlighted merchant adoption initiatives, introducing the Orange Pill Challenge to onboard Costa Rican merchants to Bitcoin. In another commentary, he noted user demand for a mnemonic backup feature as a key upgrade for Bitcoin Core wallets, stating it should be a development priority for the project. His recent technical observations continue to focus on improving Bitcoin user experience.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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