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This is a benefit because the blocks don’t fill up as fast and transactions are done quicker. This also allows for more transactions between multiple ERC20 tokens.
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The account model is not as great as the UTXO model for privacy because you can see who sent all transactions to whom and for how much money. The UTXO model has multiple outputs; you can’t tell how much was sent to another and how much was sent back to yourself since it is in one transaction.
1: The fact that the account model requires less block space than the UTXO model means that one block can contain more transactions.
2: UTXO model is harder to trace as the transaction can have multiple inputs and outputs, instead of the balance sheet proposed by the account model.
- The use of less space decreases the cost and volume of storage and increases speed of execution.
- It is not possible to trace each utxo in the account model - to see where the utxo has been and what it has been uses for - and it is not possible to send money to someone else and to yourself at the same time.
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
The smaller transaction size means the same block size can hold more transactions.
- How is the account model not as great as the UTXO model for privacy?
Each transaction involves just one sender and recipient, and amount, so fractional payments can’t be sent to anonymous accounts and hidden in a transaction.
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
-Ethereum blocks are able to include more transactions and faster transactions because theres no outputs to include. - How is the account model not as great as the UTXO model for privacy?
-Since in UTXOs you have the ability to send money to someone else and yourself at the same time that would add some privacy because you wouldnt be able to know which transaction when to who, in the accounting model you can only perform one transaction so you’re able to see how much was sent.
- Taking less space means more transactions can fit in a block which results into faster confirmation
times and less transaction fees. - In UTXO model, you can send funds to multiple addresses including yourself in a single transaction
making it difficult to track where and who the funds were sent. However in the account model, you
can only send funds to one address so it is easier to track.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
frees more space for transactions -
How is the account model not as great as the UTXO model for privacy?
people can see balance and now that any of it wasn’t sent back
hey man thanks for the explanation Carlos
In fact, i meant BTC is better in security matters than ETH, correcto?
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Simpyest way to clear blockchain memory with easy and short code of transaction. - How is the account model not as great as the UTXO model for privacy?
In UTXO you can track every wallet that bitcoin visited, and make sure that this bitcoin was in “good hands”, also Eth have only balance and it chanched by taking from somewhere and send it somewhere.
1.) Since all of the nodes need to be updated on the current version of the blockchain, that means that the account model is taking less space and less computing power.
2.) on the bitcoin blockchain all of your UTXOs are being sent for a transaction. someone checking this transaction cant see how much of it goes where or to whom it goes to. however on the ethereum blockchain only that specific amount is taken your wallet balance and moved over to another.
1.Blocks can have more transactions, it works best for ethereum which has many erc20 tokens that settle on the eth blockchain.
- Anoymity is not possible in ethereum where its traceable , the UTXO model can pay out multiple accounts one of which can be your own.
Only on privacy, both networks are very good in terms of security (although btc its on a higher level of security than eth). Ethereum is just more transparent than bitcoin in terms of transaction tracking.
If you have any more questions, please let us know so we can help you!
Carlos Z.
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The account model model requires less space than UTXO, so it is a lot easier and simpler to know how much balance you have available.
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The account model clearly shows how much was sent from one person to another so there is less privacy with it.
1-Saving space means more efficiency for ethereum in terms of scalability
2-There is less privacy since with UTXO model it is not possible from external viewers to track recipients of transaction, that can be multiple in Btc, but not in ETH
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Account model does not save each utxo as it stores balance of all
transactions there reducing size of block making it faster - transaction sizes are smaller, faster and cheaper.
- How is the account model not as great as the UTXO model for privacy?
The account model is not as good for privacy as you can track the address of who has been paid,
hereas the UTXO model can pay out multiple accounts one of which can be your own - you can trace easily all the tx history.
- Since AM doesn’t require as much space more transactions can be added to the block.
- People are able to see the transaction amounts that are going to other people since you are not also sending additional funds to yourself like in UTXO’s.
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It requires less compute power to process, store and mine.
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A transaction cannot be split, makes it easier to track / more transparent.
- You can write simple codes that do not require that much space compared to tracing the path of utxos.
- Bc its an accounting system with actual balances. UTXOs dont really have a balance until your wallet connects them all.
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
More transactions can be included in one block. - How is the account model not as great as the UTXO model for privacy?
Sender and recipient addresses are visible in the transactions even though sender also controls the recipient address.
Smaller size = more transactions per block! Good thing.
We cannot send money back to ourselves in the account model. transactions show actual amounts to the next person - without “change back”.