Suppose I do a transaction with an UXTO created years ago. Would that take longer to confirm because miners would have to look further back in the transaction chain to verify it?
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1 Answer
No.
The miners use Bitcoin Core or similar full node software to determine which transactions are valid and suitable for inclusion in a block. Bitcoin Core maintains a database of all unspent UXTOs. This database is constructed when the node first downloads the blockchain and is updated as new blocks and transactions arrive. It's random access and any transaction, regardless of age, can be found by its ID in a very short time.
answered Feb 3, 2017 at 2:00
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1@Geremia: See bitcoin.stackexchange.com/questions/35980/…. I don't have a full node running to get a current figure. Commented May 13, 2017 at 4:09