Homework on UTXO vs Account Model

Ethereum 101
#2649

  1. It’s a benefit because it is more convenient for the programmer less code less space equals faster transactions.

  2. The UTXO model the micro transactions cannot be distinguished as to which receiver got which transaction. Ethereum smart contract model the transactions are exact and the transaction can been seen on the blockchain.

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#2650

  1. It is a benefit in the way that more space on the network is always good to have, for more transactions and more participants.

  2. As anonymity is impossible if transaction is made to the same account.

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#2651

  1. because it doesn’t need to search and sent all your UTXO’s instead of that it just sent for example 1 ETH. The transaction will be smaller in size and it makes it fungible what makes al of the ETH the same in value.

  2. Because you can only send money from A to B and not back to yourself. So it makes it more visible to see where money is going.

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#2652
  1. It is a benefit because there are smaller fees and the account model takes less space than a UTXO.
  2. The UTXO is better for privacy because you can pay out a variety of accounts including your account.
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#2653
  1. That means we can pack more Transactions into any given blockspace.
  2. In the Eth account model it´s easier to follow transactions. Eth is send from A to B. Whereas in the BTC UTXO model, the UTXO´s can either have others and you, or only you as a receiver. You can´t really tell which UTXO is been send to others or back to yourself.
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#2654

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

If the block sizes are small the transaction speed is faster and the fees are lower.

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

The account keeps a more simple way to transact. The account balances are just as transparent as in a UTXO model, but UTXO is harder to trace back to the owner of the wallet addresses. Furthermore the account code is public. This makes the account model more fungible

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#2655
  1. Faster speed, lower costs.
  2. You can trace all money easily, but with UTXO’s its much harder.
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#2656
  1. The Benefit of the account model not requiring as much space as the UTXO model is less information that has to be stored in the block or calculated for the transaction.
  2. Although you can track which account Eth moves from you cant explicitly track which eth coin was transferred, this could be said to be less private.
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#2657
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?

Since the account model doesn’t require as much space it doesn’t have the same requirements as a model that uses bigger transactions. Smaller transactions lead to lower fees, faster propagation of changes and a relatively smaller blockchain size.

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

The UTXO model has the benefit of anonimity. It is impossible to determine where transactions are going in the UTXO model since money can be transferred to addresses owned by the same person while sending funds to others. Since you don’t know which is the case, this results in more privacy compared to the account model. Here only balances are updated when transferring funds from one to another. This means that it is much clearer where funds are going.

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#2658

  1. Given that account model does not store any UTXO, it will need less capacity to broadcast and store transactions;

  2. In the account model you have a balance, which will be debited by the amount you transferred. In UTXO model you have to spend your UTXO’s to make a transaction, hence, you can make the transfer you want and send the remainder to your own account for example (from the outside you wont be able to know what was paid and what was the remainder).

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#2659
  1. Block sizes are smaller so each block can have more transactions
  2. Because everyone can see the how much someone has in his wallet and how much was spent and where
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#2660
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?.

Account model requires less block space than UTXO, meaning faster block time or more tps

  1. How is the account model not as great as the UTXO model for privacy?
    The account model is not as private as the UTXO.
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#2661

The account model doesn’t require much space as the UTXO model, why is that a benefit?
The blockchain has faster transactions using simple or short code giving the blockchain more storage and more efficient delivery.

How is the account model not as great as the UTXO model for privacy?
Ethereum moves transactions from account A to account B which gives less privacy and is more fungible.

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#2662
  • The account model doesn’t require much space as the UTXO model, why is that a benefit?

Blocks can contains more transactions.

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

Because we can track who has was paid. UTXO
can have many inputs and outputs, whereas account model has 1 input and 1 output.

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#2663
  1. You can place more transactions into a single block
  2. With UTXO you can conver your tracks because you can send many to different addresses in a single transaction versus 1 to 1 in account model
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#2664

  1. Transactions taking less space leads to smaller fees, blocks fill up slower, and you can fit more transactions in one block.

  2. The account model doesn’t allow you to send funds to more than 1 recipient.This is easier to track than being able to send transactions to multiple accounts at once.

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#2665

  1. It is a benefit because you could fit more transaction into a block or you could have smaller blocks that are propagated faster. Meaning less transaction time.

  2. Because you the UTXO model allows you to send to yourself and no one could verity that you are sending to yourself. While the account model would just update your balance. Allowing anyone to see if you balance is increasing or decreasing.

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#2666

  1. The account model doesn’t require as much space as the UTXO model, this is a benefit because you can fit more TX’s and more code for smart contracts in every block.

  2. The account model is not as great as the UTXO model for privacy because unlike UTXO model you cannot send yourself funds back making it impossible track which output is your or not.

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#2667
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
  • The account model doesn’t require much space as the UTXO model which is beneficial for allowing more transactions to be places on one block.
  1. How is the account model not as great as the UTXO model for privacy?
  • The account model is not as great as the UTXO model for privacy because you only have 1 input for 1 output, in a UTXO model there are many inputs and many outputs. Therefor it is easy to trace ETH.
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#2668
  1. Faster, cheaper transactions, unless the network can’t scale a high number of users and GaS fees sore.
  2. In the account model, each coin can be tracked back from where it was sent to who sent it. 1 coin = 1 coin. In the UTXO 1 coin does not = 1 coin. UTXO’s cannot necessarily be traced back to the original sender.
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