- Because more transactions can fit per block.
- Because it shows in which direction coins are being sent, while in the UTXO model it is harder to distinguish which of the UTXOs get back to the transaction sender.
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1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
Smaller blocks, increase storage efficiency.
2. How is the account model not as great as the UTXO model for privacy?
With the account model it is more difficult to track where everything is coming from - less traceability than BTC at a coin-by-coin level…on the other hand - with the UTXO model it is more difficult to tell which amount of money goes to where, because one transaction could have multiple outputs -to yourself or a recipient - you can obfuscate your transaction.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
It takes up less space on the block chain. -
How is the account model not as great as the UTXO model for privacy?
Account model will pay a specific address from a specific address, while when sending a UTXO the output is to multiple recipients and there for somewhat less traceable.
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- There’s less info to be stored and transferred saving time and energy.
- The UTXO model involved outputs which can involve various unidentifiable addresses. The account model contains every transaction of eth and is much easily to trace eth from each tx.
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1.- You can have more transaction in every block. Increase the escalability of the blockchain
2.- The account model the balance increase or decrease in every transaction. So, you can just check who send the money and who recieve them
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The smaller the account space the smaller the fees
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UTXO account code is public but it is hard to tell who’s account did you give your money to or did you just give it to yourself and the other are to the recipients.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
This allows for more transactions to fit into a block meaning less fees per transaction.
- How is the account model not as great as the UTXO model for privacy?
A utxo is more private as it allows for you to send multiple transactions at onces while sending some to an address you own and from the outside no one can distinguish that you are sending a transaction back to yourself.
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- Because space savings is a benefit - It makes the blocks smaller, easier to transfer and the process is faster.
- The address of who has been paid can be tracked and you can’t send funds to yourself. The UTXO model can pay out multiple accounts at the same time, one of which can be your own and it’s hard to tell which transactions goes where and to whom.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
- It needs less space which increases network speed & number of tx/s
- How is the account model not as great as the UTXO model for privacy?
- In UTXO you can do multiple transactions at once, to yourself as well, which makes it difficult to trace.
- Acc model permits only one transaction at the time so it is easy to follow it trough
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
each block will have more space because this kind of transaction takes up much less data -
How is the account model not as great as the UTXO model for privacy?
one can actually see which address sent which address money, as there is no change wallet involved in the transaction
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- Saving more space will generate more transactions on the blockchain and lower fees.
- Because UTXO model use inputs and outputs and it can send funds to multiple addresses in the same transaction. For the Account model you cannot send funds to multiple addresses. The funds are sent directly from sender to recipient so it’s easier to follow.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
less space means increase in number of transactiosn adn speed of the network. - How is the account model not as great as the UTXO model for privacy?
within the account model, everybody can see/audit which address send eth to which address, utxo has outputs that can be a number of outputs of which some can be send to yourself which is not clearly auditable who it belongs
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- The lack of needing to keep track of many UTXOs keeps block size low. Low block size allows for more transactions per block. In addition, It also decreases the strain on the network.
- The account model is easy to follow and cannot be used to send money back to yourself.
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- Block can store more transactions, faster transactions.
- It
s less private because you cant send back money to your acount in one transaction like in BTC. There you don`t know which in which account (recipient and sender). Here you just send from A to B.
@filip can you tell me why is important from where coin comes from and why are less valuable and harder to sell? Coins from shady past I mean. Thank you.
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Homework on UTXO vs Account Model - Questions
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
because permit to keep more transaction in a block, faster processing - How is the account model not as great as the UTXO model for privacy?
Because is a simplified process from originated address to a destination address. like if you sent money from person A to person B, even when the person b can b a different wallet from person B, it’s easier to track, that does not happened with the UTXO.
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- Transaction information uses less space in blocks on the chain. Ethereum does not have to search for UTXOs to know spendable balances.
- In the UTXO model, a transaction can be set up to send money to someone and money back to yourself without the examiner knowing which payment went where. In Ethereum, you always know where the money came from and went.
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- The account model doesn’t require much space and this is a benefit because it allows for more transactions to be including in the blocks and also it provides faster computing and updating of the nodes because it takes less time for computing and processing transactions.
- The account model is not as private as the UTXO model because it is easier to trace and see how much eth was sent to each account and is a more simple model to see and track.
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Homework 1/27/21 UTXO vs. Account Model
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Less space equals smaller (and more) transactions per second. Scalability and space saving. This is obviously a good thing. The account model allows for blocks to include many more tx’s, and this is important because the ETH chain has thousands of native tokens which are constantly settling tx’s . - How is the account model not as great as the UTXO model for privacy?
The account model that ETH represents is not anonymous, meaning that it is easy to verify and follow transactions, destination addresses, and “see” where money originates and gets sent to. This model doesn’t offer the same privacy/decentralization features that the UTXO model offers. That being said, the UTXO model (BTC), however, allows for the distribution of payments to multiple outputs/wallets which makes it harder to track or follow where the money originates and gets sent.
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Because you can fit more transactions into one block.
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With the UTXO Model you are able to send funds to several recipients with one transaction, which makes it a lot harder to trace which UTXO goes to the recipient and which goes back to the sender e.g.
The Account model is very public and much less privat
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The Account model is a simplified model compared to the UXTO. This also mean that it takes less space on the network, and each new block can contain more transactions.
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In UTXOs you can have many input and outputs. By using the Account model each transaction can be traced back publically.
1 Like