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lower fees, and faster tx’s
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because every ETH wallet has a visible balace on the blockchain.
- More transactions in a block and they are faster as well.
2.Because you can tell the exact amount that came from and is going to and address.
- Less space allows for quicker transactions.
- The account model it is very easy to trace transactions.
- We can store more transactions per block and thus they can be propagated faster among noeds.
- It’s easier to understand the money flows because only 2 accounts take part in one transaction.
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Transaction take less space. - How is the account model not as great as the UTXO model for privacy?
In the account model, from the outside anyone viewing the blockchain can see how much you send and to what address.
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Because transactions won’t be so big and this way more of them can fit into each block.
- How is the account model not as great as the UTXO model for privacy?
Because it doesn’t have UTXOs but only accounts, you can always see exactly how much ETH was sent from which address to which. You can’t send some ETH to an address and some back to you in the same transaction, as you can do with the UTXO model.
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This is a benefit as more TXs can fit in a block.
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TXs can be tracked with greater ease with the account model.
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The lessened amount of space allows for more data to be allocated to programmed smart contracts and determining which state the smart contract is currently in.
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The accounting model is less private than the UTXO model due to its simplification and fungibility.
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By using less space, I guess more transactions can be fitted into a block.
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There is less privacy because the source and destination of the transaction is clearly recorded. Whereas in the UTXO model, they are murkier.
Homework on UTXO vs Account Model - Questions
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
A. Every Tx is smaller, thus more Tx’s per block and less fees per less bytes.
- How is the account model not as great as the UTXO model for privacy?
A. Can’t obfuscate your intentions in account model; A goes to B and both addresses are transparent - where UTXO model can have multiple inputs, multiple out puts; and outputs becoming inputs back to sender which makes it difficult to know if it was a new input address or change back address.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
it just means you can process more transactions since its smaller in size -
How is the account model not as great as the UTXO model for privacy?
UTXO can be tracked and audited easily
- Because blocks can contain more transactions or have smaller size.
- You can explicitly see where all the money go.
I don’t understand inferiority here - one could have setup a second account and send currency there. On Bitcoin it is just a little of obfuscation. Big data bots can figure all out.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
There is no starage and space problem which benefits in faster network -
How is the account model not as great as the UTXO model for privacy?
Its fungible - you cant track the transaction to its origanl orgin. There is no privacy in transactions.
Is not about inferiority between them, is just about the difference levels of “privacy” that they have
But yes, at the end bots can easily figure it out the provenance of any funds, but is quite difficult for the human to manually do that process (thats why some kind of privacy on bitcoin comes in, but is not privacy at all because bots can track funds very easily).
If you have any more questions, please let us know so we can help you!
Carlos Z.
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Blockchains are peer to peer, decentralized network run on peer computers. It would be a great benefit if the space is less so as to store the chain and to process the chain.
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Account model doesn’t not use UTXO’s concept of spending and because of this anyone can understand where ETH is going and from where the ETH came. In Bitcoin, the sender can send a portion of the coin back to himself and to viewer it feels like the sender sends his entire transaction to other people.
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The lower space requirement of the account model is a benefit in that it can send transactions much more quickly and send more of them allowing for greater network traffic.
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The account model is not as great as the UTXO model for privacy because you have a one-to-one transaction from one account to another, meaning that you can distinguish distinct addresses more easily.
It’s a feature.
Maybe it is the only way for crypto to be officially approved.
But this way everyone is a big brother.
- The benefit is to be able to know the exact balance and reduction in space required as it does not store all the transactions. Blocks can hold more transactions and take less time.
- The Account Model stores the exact balance which can be viewed by the public. Origin however cannot be traced. Anonymity is not possible.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
The benefit is that in the account model ETH is moved from one account to another account which lot less data moving thru the network and lot easier than moving UTXOs so more transactions can be processed at a faster rate. -
How is the account model not as great as the UTXO model for privacy?
In the account model in ONE transaction an exact ETH is moved from one Account to another Account. Whereas in UTXO in ONE transaction there could be several payees and one could send money back to oneself, but no one can look at UTXO and see who and where the funds are going to, hence thru UTXO one could hide funds by sending them back to oneself as a UTXO output going to a your own UTXO input.
- More tx can be done with in a given block size which makes the network faster.
- Anyone can see to which address a coin was sent from and to. In UTXO some portion (or all) of the transaction can be sent to your self without anyone knowing who s controlling the addresses.