Homework on UTXO vs Account Model

Ethereum 101
#3431

  1. Account model transaction take way less space because it is more direct & less complex.

  2. Utxo’s are harder to tell and track in comparison to account balance which is much more direct form of transaction, leaving it in theory less private compared to the UTXO model.

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#3432

1 - With less space required there is more room in the block for other items, such as smart contract code.

2 - in Account model your balance is public, while with UTXO it is not as all UTXO needs to be summed to determine your balance

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#3433

  1. As a network full of notes are meant to be operated by individuals rather than data centers, lower data requirements means more participats which means more decentrialized. More transactions are possible as wel

  2. UTXOs allow you to trace back, since a UTXO is really a sum of all the unspent UTXO’s. Ethereum is not anonymous

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#3434
  1. Using less space makes the transactions more cheaper and fungible. Meaning every etherum is equaled to be the same because the currency is not traceable only the transaction is. Bitcoin could have been used for illegal purposes and therefore that specific bitcoin can have less value than other bitcoin because the currency is traceable all the way back to its’ origin through the UTXO model.
  2. The UTXO model allows you to send some of the currency back to yourself in another address while sending currency to someone else to make the entire transaction that is disbursed between yourself and other parties less traceable in terms of transaction percentage of division.
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#3435

  1. If the transactions are smaller (in byte); more transactions can be fit in each block. Also they get processed much faster.

  2. You can’t untraceably send funds to yourself as you can with the BTC blokchain.

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#3436

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    It is a benefit because TX’s can be processed faster, it is also simpler to express a TX in code or text this way.

  2. How is the account model not as great as the UTXO model for privacy?
    Because the UTXO model is more difficult to distinguish which output is being and which address is receiving it as well as you can send change back to yourself hiding the true value of the the TX

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#3437

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    More transactions will fit into a block, so transaction speed is faster.

  2. How is the account model not as great as the UTXO model for privacy?
    You can not send money to multiple adresses in the same transaction.

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#3438
  1. It uses less space because it doest track all the utxo like bitcoin
    2… This is because you can’t send utxo back to yourself in the same transaction. There is an actual balance not just a list of utxo that need to be added together
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#3439
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?

Less storage, faster blockchain, transactions can be smaller and fees too

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

You can see which account received how much ether there is no issue with multiple outputs. with UTXO’s there can be multiple outputs including funds being sent back to the wallet.

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#3440
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?

The transactions will be much faster and cheaper.

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

You can’t send money back to yourself or to multiple addresses in the same transaction.

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#3441

Account model doesn’t require much space as the UTXO model, why is that a benefit?
- Scalability & Storage: Account model does not require the network to constantly review/verify the historical UTXO of an address. Account model simply verifies the existing account balance and just adjusts account balances on the network. The blockchain does not have to look or store as much information therefore more potential for growth.

  1. How is the account model not as great as the UTXO model for privacy?
    -UTXO allows for great transaction manipulations/adjustments. Account holders hold/own their account and any transactions clearly shows which wallets held that coin while in UTXO, a transaction can be returned to original sender into wallet. It anonymizes the network to an extent because the outputs are distributed or scrambled to other and personal wallets.
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#3442
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    It takes less space into a block ,so the blocks in Ethereum can fit more tx inside of it
    2 How is the account model not as great as the UTXO model for privacy?
    Because in Ethereum you cannot do more tx at the same time like in Bitcoin and every amount of a tx is transparent.
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#3443

  1. It is a benefit because it’s more space-efficient.

  2. In the utxo model you can send funds to yourself, to yourself and others, or just to others making it hard to decipher what exactly is going on.

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#3444
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit? It is a benefit because it speeds up transaction times as well as providing better fungibility.
  2. How is the account model not as great as the UTXO model for privacy? The account model can not hide sender and receiver information.
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#3445

Blocks can hold more transactions because they are not required to store the data of each UTXO, which in turn allows for greater network speeds.

However, due to this, the transaction model is less private than the BTC network as users are able to track where ETH has come from and whom was the payee and recipient. The UTXO model has greater privacy as it less concrete what was paid to whom due to the feature of multiple outputs.

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#3446

  • The account model doesn’t require much space as the UTXO model, why is that a benefit?
    Speeds up transactions, more transactions fit in a block.

  • How is the account model not as great as the UTXO model for privacy?
    In Etherium you can see who sends and receives.

#3447

  1. The account model doesn’t require as much space as the UTXO model is a benefit because it doesn’t require as much space as the UTXO model. Because it requires less space it is more efficient.

  2. In the account model there is less complexity. It is much easier for anyone to figure out who or what entity is the sender or recipient of a particular payment because it is not possible to divide the input/output into various inputs/outputs as it is in the UTXO model.

#3448

  • The account model doesn’t require much space as the UTXO model, why is that a benefit?
    Faster tx time = cheaper fees.

  • How is the account model not as great as the UTXO model for privacy?
    UTXOs denote BTCs but not which ones, to whom & of what quantity. Whereas ETH give accurate figures of quantity and where they go too.

#3449

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    So that not only big data centers can participate, the little guy also has a say. That’s a benefit in my opinion.

  2. How is the account model not as great as the UTXO model for privacy?
    You can’t send funds to your self and funds go from 1 account to other account. It’s easier to visually follow.

#3450

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    You cannot trace the coins therefore Ether coins are fungible.

  2. How is the account model not as great as the UTXO model for privacy?
    One cannot track the where the coins are coming from in an account model.