- Because it only updates the balance of the address not the history of the transaction. Less space is allways beneficial for the speed of the network.
- The UTXO model is better for privacy.
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less space means more data can be sent per tx
the utxo has many more inputs and outputs per tx instead of just updating the accounts which makes following the money from address to address much easier
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This allows for more transactions and higher speeds. also allows for smart contracts.
- Account model transactions are single transactions allowing someone to trace the transaction .
- It is a benefit because it reduces block size and save space, meaning tx can be processed faster and more efficiently.
- The account model is less private because there are less funds moving around in a tx (less outputs), meaning tx are much more traceable. When you submit a tx with the UTXO model you always send your change to an address that is often your own, which means it easy to lose track of who/where the tx are actually going.
The account model doesn’t require much space as the UTXO model, why is that a benefit?
Less information of the transaction allows for more TXs being stored in the block, so it takes up less space and therefore greater storage capacity. This also speeds up the confirmation Process allowing for faster block times.
How is the account model not as great as the UTXO model for privacy?
With the account Model you can see and follow every tx. It is a simple exchange of moving funds from 1 input/ acc A to 1 output/ acc B. ETH is fungible meaning we do not distinguish between coins. 1 ETH always = 1 ETH
With the UTXO Model you can combine multiple transactions making it harder to work out to whom the address belongs.
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It becomes more efficient for transactions and can save on fees.
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It is not as private because you can easily trace the transaction history and how much money was sent to an account.
Homework on UTXO vs Account Model - Questions
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There is a benefit why account model doesn’t require much space because it can intake more transactions and create a faster process.
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The account model is not as great as the UTXO model for privacy because you can not send yourself funds or to separate addresses at once.
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Less space used per transaction makes network less congested and, in comparison to the same number of transactions on Bitcoin blockchain, makes them faster and less expensive.
- How is the account model not as great as the UTXO model for privacy?
Because there is no multiple UTXO’s per transaction but only exact amount that has been sent from one account to another so it is very clear how much each address is holding before and after transaction is completed as there are no partial funds sent back to sender’s address as in UTXO model. So, if you know address of a user you can easily see all of his transactions with exact amounts being sent and received.
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Transactions require less space, so that means that blocks can include more transactions.
- How is the account model not as great as the UTXO model for privacy?
With UTXOs it’s not possible to easily determine which output is the receiver and which one is the sender. With the account model, it’s very easy to deterine what happened at an account level, meaning all incoming and outgoing transactions (an account has only one address, in bitcoin a wallet can generate unlimited addresses).
- The account model doesn’t require as much space as the UTXO model, why is that a benefit?
The account model does not have as many transactions within each block, or with as much transaction data. This makes the block time shorter and consequently makes the transactions faster and cheaper.
- How is the account model not as great as the UTXO model for privacy?
The outputs of the UTXO model can be sent to numerous recipients including the wallet that originally sent it, therefore giving Bitcoin a certain level of anonymity.
This is not possible with the Ethereum account model as any transaction from one wallet to another will simply show a balance in the respective accounts – the output from a wallet being a negative value equivalent to in the input value in the receiving wallet or wallets.
- Faster transactions, less data therefore creating greater storage ability in the block.
- The Account Model is more visible, you can see where you send the money and and much money you sent.
- it means that blocks can have more transactions in them.
- the account model you can see every transaction, in the utxo model there can be anonimity because you could send utxo back to yourself
1- Lower transaction size.
2- Each transaction creates multiple UTXO, hovewer in ethereum it is not the case.
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Homework on UTXO vs Account Model -
- The account model doesn’t require much space as the UTXO model, why is that a benefit?
ETH blockchain : less block space needed, less fee - How is the account model not as great as the UTXO model for privacy?
ETH is fungible and ₿TC is more non fungible “bad ₿tc” traceable
ETH less privacy ₿tc more privacy
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- Smaller, easier transferring blocks which results in faster processing
- In the account model,you can track the address, whereas in the UTXO mode model you cannot track the source and destination.
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the account model doesn’t require much space as the UTXO model, why is that a benefit?
it makes the database lighter and faster -
How is the account model not as great as the UTXO model for privacy?
the account model is less private since it allows users to monitor the account balances directly however it helps with the fungibility of the coins because tracking the origin of any coin is not possible
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
It is a simpler model, less private, more fungible. -
How is the account model not as great as the UTXO model for privacy?
The utxo model lets you send money back to you is one single transaction, wich from outside you cant see wich tx goes back to you and wich one goes to other person.
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Smaller blocksize means faster processing and increased scalability
UTXO obscures which part of the transaction goes back to the sender. The account model doesn’t use inputs and outputs but rather visibly increases or decreases account balances.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
It takes up less space in the block
How is the account model not as great as the UTXO model for privacy?
It is easier to visually see from which account the eth comes from and goes to. It doesn’t have multiple inputs and outputs.
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The account model does not require much space, and its a benefit because more tx can be done in less time.
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The account model is not as great as the UTXO model because, you can see what amount was transferred from who and to whom. UXTO model processes many tx at the same time, which makes it harder to trace.
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