Homework on UTXO vs Account Model

Ethereum 101
#3331
  1. Account model does not save each utxo as it stores balance of all transactions there reducing size of block making it faster
  2. You cannot send funds to yourself unlike in the UTXO model.
1 Like
#3332
  • The account model doesn’t require much space as the UTXO model, why is that a benefit?

Small transaction data equates to more block space, which allows for more transactions to be placed into a block.

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

With the account model, all of the payment goes to one intended wallet. With the UTXO model, the payment can be divided; and an outsider will not be able to tell which is the intended wallet.

1 Like
#3333

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

  • Less space means more data that can be stored and faster transaction

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

  • Anyone can see exactly how much money has been sent and to what address it was sent
#3334
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    The smaller everything is in crypto the better. Blocks, Transaction etc. The smaller the transaction the faster it is broadcasted . The reason Segwit was implemented was due to size reduction etc…
  2. How is the account model not as great as the UTXO model for privacy?
    The account model doesn’t allow from the tracking of whoever is sending the transaction. That is blurred while in the UTXO one can know exactly the origin.
1 Like
#3335
  1. Less code is needed and therefore the blocksize is smaller -> more transactions fit in one Block
  2. You can only send money to one adress and not to your self. If someone looks on the blockchain he would see to which adress the money was sent and has a easier job to follow your transactions.
1 Like
#3336

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    You can therefore use more transactions in a block.

  2. How is the account model not as great as the UTXO model for privacy?
    Its a bit less reliable since you can track ETH but BTC is more secure due to UTXOS

1 Like
#3337

less space, easier to program in code and text

You can’t retrace transactions on a coin base; you can’t send money to another and yourself so also your privacy is less.

1 Like
#3338
  1. The fact that the account model does not require so much space reduces the block size making the transactions faster.
  2. The account model reduces the privacy because the executed transactions can be seen by anyone. anyone could see who sent and who received the transaction since it is only one transaction.
1 Like
#3339

  1. It is a benefit that the account model doesn’t require as much space as the UTXO model because it saves space on the blockchain.

  2. The account model is not as private as the UTXO model for privacy because it can’t have multiple outputs for a single transaction. With the UTXO model, there are often multiple outputs to transactions which creates secrecy of who is receiving what money. With the account model, it is clear who is receiving what money.

1 Like
#3340

All coins are equal. In UTXO specific coins can be traced.
You cant send money to yourself so your wallet is always visible

1 Like
#3341

  1. The account model requires less space than the UTXO model, this is a benefit as blocks can hold more transactions, verification time is faster and this creates lower fees.

  2. The UTXO shows a greater level of privacy as you may send multiple outputs from one transactions which may include sending outputs to self, this creates higher security as it is not clear to track.
    the account model sends to an individual address you can track the address of sender and receiver.

1 Like
#3342
  1. Less space, faster transactions
  2. Easily to know where the money come from and where you send money to. UTXO model is hard for public to tell which amount of money goes to where, because one transaction could have multiple outputs.
1 Like
#3343
  1. The account model doesn’t require as much space as the UTXO model, why is that a benefit?
    A: It is a benefit because the block can fit more code for more transactions and smart contract code.
  2. How is the account model not as great as the UTXO model for privacy?
    A: Because it is easy to see the transaction which can only be sent from one wallet to another. UTXO transactions can be harder to track as they can be sent to multiple wallets from the same transaction.
1 Like
#3344

  1. It is a benefit because it reduces the space taken up by transactions in each block.

  2. With bitcoin its more of a guessing game as to what was spent and what was returned but with ETH it only sends the exact amount from one account to another and is much easier to trace.

1 Like
#3345

1.The benefit UTXO is that every transaction is smaller, so smaller transactions means smaller fees…

2.UTXO model is better for privacy because account code is public,balances are public, and you can’t send funds to yourself…

1 Like
#3346

  1. The account model using less space is a benefit because the transaction can be processed quicker and stored easier.

  2. The UTXO model’s input/output makes it difficult to tell exactly how much is being spent in any given transaction. The account model however updates balances with each transaction making it much easier to tell how much money is being transferred.

1 Like
#3347

[quote=“filip, post:1, topic:8445, full:true”]
Homework on UTXO vs Account Model - Questions

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    because you save some space. less data storage and transfer over the network. it also make network faster and efficient.

  2. How is the account model not as great as the UTXO model for privacy?
    Because in UTXOs model you cannot figure it to whom you are sending. you can send bitcoin to many people in one transection including yourself. while in Ethereum its not possible.

1 Like
#3348

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    Because we can fit more transactions/smart contracts into one block.

  2. How is the account model not as great as the UTXO model for privacy?
    Because anyone can see where is money going from. We always send exact amount of money to the recipient and we can not send some change back like in UTXO model.

1 Like
#3349

  1. Because it’s simpler, so the transactions doesn’t require that much block space, as in the UTXO model.

  2. Because you can’t send money back to you, it stays pretty clear who sent and who received the transaction in the account model.

1 Like
#3350
  1. The account model doesn’t require as much space as the UTXO model which is a benefit because more transactions can fit in a block versus using the UTXO model which has inputs and outputs and thus a larger transaction size.
  2. The account model is a more simple model. Transactions can only go forward because you send the exact amount and thus are easier to track where they come from. In bitcoin because of the multiple input and outputs and the ability to send money back to yourself-makes it more private
1 Like