- More transactions can be fitted into a block .
- You can’t trace the origins back to it’s roots like you can for example use bitcoin to track it’s origin completely back to the miner if you would.
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The TXs on ETH network don not include inputs and outputs. It means less space is required, which is an advantage. On ETH only balances are updated, in blockchain. This makes ETH also a little bit less traceable for the source, we can say it increases fungibility of the coins. 1ETH is always 1ETH. You can’t really tint the coins.
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ETH is little bit less private, cos you can’t really send coins back to yourself in a same Tx. So it is easier to follow the account holders and their moves by attaching IDs to the accounts.
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The account model has more efficient memory storage and so doesn’t require as much space as the UTXO model. Storing a single account balance saves memory compared to storing several UTXOs that comprise a user’s total balance. This is a benefit as it means more transactions can be stored per block, potentially reducing confirmations times and fees. This allows space for smart contract code, including smart contracts that keep track of states to perform different tasks based on them.
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The UTXO model is a pseudonymous system providing a higher level of privacy as long as users use new addresses for each transaction. “Change” addresses used in the UTXO model makes tracking the ownership of coins harder compared to the account model. A newly generated address doesn’t have a known owner and requires advanced chain analysis to be linked to a single user. The account model implicitly encourages address re-usage and hence makes creating a transaction history for a single user easier. However, with regard to fungibility, the account model offers better privacy as coins are “mixed” and so cannot be specifically traced to miners, unlike in the UTXO model.
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- It means every transaction is smaller on code size, which also means smaller fees. The nodes will be able to fit more transactions into every block if they are smaller.
- There is no possibility to send money back to yourself along with what you really want to pay, so it makes obvious to know who was re recipient of the full amount of the TX.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit? Any space saving facility is beneficial to the blockchain
- How is the account model not as great as the UTXO model for privacy
Account balance can be seen by third party
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
It leads to a faster or more powerful network. If transaction data takes up less space, there is more room for more complex processing on the network such as smart contracts.
- How is the account model not as great as the UTXO model for privacy?
Because a UTXO model can have multiple outputs making it hard to identify who received what when a transaction is made. An account model can only have one output so it’s easy to see how much was received by which address - it’s a simpler model but this comes with reduced privacy when compared to bitcoin.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
In BTC blocks are limited to 1 Mb in size. This has lead to slower transaction and increased fees, hindering adoption, as well as the need for the implementation of various solutions via forks, such as Segwit. -
How is the account model not as great as the UTXO model for privacy?
The account model simply sends funds from account A to B. It can only track which accounts have sent money. By contrast, UTXOs have to be spent in their entirety, and some funds can be sent back to the owner, making it impossible for outsiders to discern if the recipient addresses belong to the sender, a different recipient, or a mixture. ETH TXs can only be sent as an exact amount, and therefore only to an address owned by oneself, or to someone else, but never both in one TX.
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- The space saving of the account model makes more efficiency’s which is a benefit.
- Sending transactions via the utxo model are harder to associate with an account or person adding more privacy, the accounting model transactions are more transparent.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
- The account model allow to fit more tx taking less space and faster tx with lower fee.
- How is the account model not as great as the UTXO model for privacy?
- In the account model the transaction are easier to track and identify. Tx can’t be split to multiple adress to mask the data.
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if the tx’s are smaller you can fit more tx’s into a block which would speed up everything which is really important for ETH Blockchain because there are lots of ERC20 tokens.
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Its impossible to hide where you sent your money to, on the ETH Blockchain you can track every address. With BTC you can send money to yourself without someone being able to figure it out.
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The account model saving space allows each node to keep more TX history and have room for the Smart Contracts. It also is more fungable. You can’t trace ETH all the way back to their origin.
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The account model lacks in that you can only send one transaction at a time. So there is a bit less pricacy.
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- Well, since ethereum has no UTXOs, it is less traceable, because you cannot see which transaction was which coin and that makes it funjible.
- It’s not as good for privacy because with UTXOs, you can privately send yourself money, while on ethereum you cannot take any money out of the smart contract or return any back to yourself.
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1.The account model doesn’t require much space as the UTXO model, why is that a benefit?
Transactions are more simple and clearer. TXS are faster ,blocks can include more TXS.
2.How is the account model not as great as the UTXO model for privacy?
In UTXO public can only see the tx addresses - it could be sent to you or somebody else, however we don’t see. In UTXOs you can have as many as possible outputs. In account model you only see numbers update, can’t send money back to you privately e.g.
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- The transactions are faster, smaller in size therefore allowing more space on the blocks.
- The UTXO transactions are more private since the tx outputs are only Bitcoin addresses and one can not distinguish who the recipient is, whereas in the account model it is visible which account sends or receives.
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1 Because blocks can contain much more transactions (they become faster)
2 In account model you can track all transactions and build the full history of all transactions
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
As this affects the size of the block it increases speed and allows the network to grow faster.
How is the account model not as great as the UTXO model for privacy?
The coins you receive and send and trackable.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
because the blockchain doesn’t need a lot of space to do a tx. Making that blockchain lighter.
- How is the account model not as great as the UTXO model for privacy?
because on UTXO you can send a tx to a recipient or to your selfe in one tx while the account model you can only send a tx from one person to another.
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- less space allows for faster and more transactions at a lower processing cost.
- the account model does not allow users to send funds back to themselves. It just credit and debits specific accounts making it less private compared to the UTXO model.
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Its beneficial beacuse the less complex the program is, the less computational power is needed to run it, improving speed and efficiency.
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Because the account model doesnt hide our transaction as BTC does with UTXO model, with UTXO it just show transactions but it doesnt show who received them as opposed to ETH which shows exactly what we did with our Ethers.
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It makes more room for transaction on the blockchain. It doesn’t store the output info which could clog the network.
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When a transaction is sent in the account model, it is transparent as to where the funds went as compared to the utxo model where nobody can tell if the funds went back to the person sending it.
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