29 Dec Does the overall BTC UTXO set ever shrink?
Does the overall Bitcoin utxo set ever shrink? I understand that for a transaction I can use the utxo’s in my wallet as inputs in transactions. Once I spend them they are “used” and are removed from the utxo set, however they become utxo’s for the recipient.
With coinbase transactions producing new utxo’s, it strikes me that the overall utxo set of Bitcoin is ever increasing or is this not correct?