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Because the data will be more simple and it won’t ocupate much space in the block, wich helps scalability
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Because in the account model it’s possible for someone who’s outside of the network verify exactly for what adress someone sent funds and the exact amount of it.
- the reason that is doesn’t require much space for UTXO’s is because it makes it more beneficial when trying to expression transactions in text or in code being simplified.
- The reason the account model isn’t as great as it doesn’t have as much privacy and that you cant track more than just account balance while with the UTX model you can track how each individual bit coin was used and can blacklist it making it cost less.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
Because the previous transactions doesn’t need to be stored on the block -
How is the account model not as great as the UTXO model for privacy?
Because with the UTXO model can payout to more than one address at a time and you cant do that with the Account Model
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- We don’t need to store all inputs and outputs so it saves space in the block (more scalable). We simply store the account balances.
- Because you can see exactly which transactions were made from and to the account
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The blockchain will not get clogged as fast, making scalability higher and transaction speeds faster and fees lower.
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UTXOs hide where, exactly, the money went. With the account model, you can’t send funds to yourself, so it’s easy to track balances.
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Because more transactions can fit in a block and (I’m assuming from logic) a transaction will always be roughly the same size no matter its sum.
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The account model makes it easier to trace where a transaction is going but not where the coin has been in the past. Additionally, you can’t send funds back to yourself making anonymity an issue at times.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
It uses less space to just change the value. It is also more transparent.
- How is the account model not as great as the UTXO model for privacy?
If we send a transaction with UTXOs it is no more so transparent because you can send money to multiple outputs/inputs and also to your own wallet what makes it hard to trace the transactions.
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A block can hold more transactions
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You can’t send transactions back to the sender address while sending a transaction to another adress.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
- There is a lot of data on a blockchain that runs programs too…
- How is the account model not as great as the UTXO model for privacy?
- in the account model you can trace payments much easily as there is much more transparency as to where money goes
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- It’s a benefit because the less space transactions take up means that more can be processed in less time.
- The account model has less privacy in that you cannot trace exactly the comings and goings of transactions, you would only see the balance of those addresses.
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Homework on UTXO vs Account Model - Questions
The account model doesn’t require as much space as the UTXO model, why is that a benefit?
I assume that “space”, in this question, means “amount to data”. Because this decreases the amount of data which the blockchain needs to deal with. For Ethereum, which deals with a large amount to data (especially compared to BTC, which mainly just does transactions), the smaller amount of space used for transactions contributes to improving network speed and gas fees.
How is the account model not as great as the UTXO model for privacy?
Ethereum’s account model lacks some of the privacy features of BTC, because one cannot send funds back to the spending wallet, and the transactions are public about the crypto amounts go from one particular wallet to another particular wallet. However, in some ways Ethereum has privacy features not fond in BTC, because, individual Ethereum coins cannot be traced back to earlier transactions. Amounts can be traced from wallet to wallet, but the blockchain does not show the complete history of each coin. Therefore Ethereum crypto cannot be connected with a negative history, as judged by exchanges, governments, etc. In contrast, BTC coins have a traceable history, back to the miner that originally made the coin, and if a particular BTC coin has a negative history, as judged by exchanges, governments, etc., this can lead to unpleasant consequences for people who try to use that coin on n exchange. For example, a centralized exchange might close or block an account which has bad BTC.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
Faster processing of transactions resulting in lower fees.
How is the account model not as great as the UTXO model for privacy?
The account model does not have inputs and outputs. There is no ability to trace back a token to the miner. There is no way to send back to yourself.
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Can have less data on blockchain and account model is just adding number or updating balance in blockchain where as utxo has inputs and outputs
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We can trace the transaction in account model
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
That means each block can fit more transactions, as it does not require space to record inputs/outputs. -
How is the account model not as great as the UTXO model for privacy?
In Bitcoin blockchain, each transaction going out is “masked” by going to the actual directed wallet and one to yourself – this way it protects our privacy as it cannot be traced/followed and we do not know which one is which. While in Ethereum blockchain, all transaction outputs are simply listed as one token being moved from one’s wallet to another person’s wallet – it is more straightforward and not masked like the Bitcoin transactions.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Because you can include more data within the same size. - How is the account model not as great as the UTXO model for privacy?
Because you have a clear transaction from account A to B, not a collection of inputs and outputs that they would be more difficult to identify
- Requiring less space means there is less drag on the network. This leads to more efficiency and greater scalability.
- It is more difficult to decipher where/who transactions are going with BTC. One user could be sending multiple tx’s to other people, to themselves, or a combination of the two. With ETH, accounts are either marked up or down.
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- It does not save each UTXO as it stores balance of all transactions there reduceing size of block makeing it faster.
- because there are no outputs each transcations can be seen from outside how much was sent from outside how much was sent and to whom.
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- saves space on the nodes. Space saved is money saved.
- with UTXO model you can send 2 transactions in one. With account model your know who sent you the transaction.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
smaller blocks with more transactions in it. transactions are smaller, faster and cheaper. -
How is the account model not as great as the UTXO model for privacy?
because there is no way to send money back to yourself so everyone can see everything that happens (account balances, all transactions).
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- The account model doesn’t require much space as the UTXO model, why is that a benefit? It is more straight forward as you only track what you are sending and less data stored on the blockchain
- How is the account model not as great as the UTXO model for privacy? as you can not really track each token as you can compared to on the bitcoin blockchain.
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