Homework on UTXO vs Account Model

Ethereum 101
#2548

The benefit of the account model not requiring as much space as the UTXO model is you can fit more transactions or more programming of the transactions on a single block.

The account model is not as private as the UTXO model because you are unable to send transactions back to yourself, essentially playing a shell game.

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#2549

  1. It was made for smaller, easier, transferrable blocks for faster processing

  2. The account model is not good for privacy as it can track the address of who has ben paid

1 Like
#2550
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?

ETH, here blocks can store more transactions, considering the hundreds of new ERC20 tokens being born.

  1. How is the account model not as great as the UTXO model for privacy?

In ETH, anonymity is not possible. The account model allows users to see and follow each transaction; whereas the UTXO mode can have multiple outputs.

1 Like
#2551

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    Faster processing and more space for each blockchain on ETH network

  2. How is the account model not as great as the UTXO model for privacy?
    Using account model, it is not possible to determine the source of each coin, as the ETH blockchain will only contain representation of total balance

2 Likes
#2552

  1. It is a benefit because it makes transactions faster for each block.

  2. It’s easier to see where the funds go and you don’t have the ability to send funds to yourself.

1 Like
#2553
  1. The benefits are:
  • faster transactions, as they are small
  • more transactions will fit in the block, as they are small
  1. UTXO model has a lot of inputs and outputs, so it’s harder to follow the transactions from beginning to the end and opposite way. It’s more private, while in account model only balance is updated, you can check address of transactions, so transactions can be easily tracked and it make them less private.
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#2554

[quote=“filip, post:1, topic:8445”]

  • The account model doesn’t require much space as the UTXO model, why is that a benefit?
    The ac model Doesnt store too much information or track all individual coins it just minus from the other ac and adds to another ac. so in simple code it very easy to store which helps with the scalability of transaction

  • How is the account model not as great as the UTXO model for privacy?
    cause you the accounting model has the ability to store transaction information which makes anyone able to see. while for utxos model every output could be an input that could be able to send transaction to two or more address including yourself without being known

1 Like
#2555
  1. It’s a benefit because the network is more scalable.
  2. It’s not as great because now everybody can see whom you sent money to.
1 Like
#2556
  1. It leaves more space for txs, faster execution of txs.
  2. With multiple inputs and outputs, UTXO model is more private, as from the outside no one can tell if the transaction is sent to your address or someone else’s, whereas the account model can track the address of the sender/receiver.
1 Like
#2557

  1. Less space means faster and cheaper.

  2. The account model makes it much clearer where funds are moving as you are unable to send anything back to yourself.

1 Like
#2558
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    As Ethereum gains adoption this becomes more important. Ethereum has a many coins and many addresses as the network grows we want to use as little processing power as possible to calculate balances.
  2. How is the account model not as great as the UTXO model for privacy?
    With the account model it is easy to see how much was sent to an address. With bitcoin it is difficult to track transactions because every transaction can have multiple outputs.
1 Like
#2559
  1. The account model does not use UTXOs which take up a lot of space. It simply updates the balance of wallets. This is a benefit because it allows the ETH blockchain to move transactions quicker and not fill up as fast.
  2. In the account model you can only send to a single address and its very apparent where the coins are going. UTXO model allow you to send to multiple addresses, some which can belong to yourself.
1 Like
#2560
  1. More transactions can be stored on a block when you eliminate all the information of the UTXOs.
  2. The account model allows for the information to be seen from the outside. How much, who sent it, and to whom.
1 Like
#2561

  1. The transactions can be faster and more transactions in one block

  2. You can not track each coin where it comes from

1 Like
#2562

  1. Transactions taking up less space means that more can be included in blocks. The issue with full blocks that bitcoin experienced, which led to the Segwit update, demonstrates the benefits of fitting more transactions into new blocks: fees and confirmation times are reduced.

  2. The account model does not depend on a system of inputs and outputs. Transactions take up less space, but this added simplicity consequently leads to a reduction in privacy. Transactions are not mixed. Currency present in one account is sent to another (and the balances are updated accordingly), rather than a plethora of addresses—and is therefore easier to track, in a way similar to the transference of fiat currencies in banking institutions.

1 Like
#2563
  1. It occupies less block space.
  2. You can not send funds to yourself.
1 Like
#2564

The account model doesn’t require much space as the UTXO model, why is that a benefit?

It stores less space reducing block size making it faster to transact.

How is the account model not as great as the UTXO model for privacy?

Account model transactions can be traced so the amount of ETH sent from one account to another can be observed. With UTXOs there is no way to tell how much BTC has been sent from one wallet to another.

1 Like
#2565

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    Faster transactions. Lesser information means quicker to process.

  2. How is the account model not as great as the UTXO model for privacy?
    In UTXO you can process multiple input and output, including sending back to yourself and they wouldn’t able to tell of which transactions going to where. Whereas accounts models all transactions are transparent.

1 Like
#2566
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?

makes TX faste, cheeper (in reality - no way = gas price now :smiley: ) but specialy makes TX fungible we cannot track the transaction back to miner and because we dont see this history we dont know if the coin was involved in some shady business that could devaluate the the particular coin

1 ETH = 1 ETH

  1. How is the account model not as great as the UTXO model for privacy?

we always know that person A send the funds to person B there are no more than 1 input and 1 output in a single transaction

1 Like
#2567

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    Able to store more transactions in the block.

  2. How is the account model not as great as the UTXO model for privacy?
    Everyone can see the amount sent and what address the amount was sent to. Easier to track.

1 Like