Homework on UTXO vs Account Model

Ethereum 101
#161
  1. Faster transactions, space saving
  2. Because you can see where and how much you send on eth
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#162
  1. the block can hold more transactions
  2. transfers are explicit and known
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#163

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    More transactions can be placed on a block and is faster processing.

  2. How is the account model not as great as the UTXO model for privacy?
    The UTXO has many inputs and outputs. You can send money to someone else and yourself in 1 transaction. With ETH, 1 Eth equals 1 Eth. It just shows a balance of the amount sent. You can read the transactions much easier.

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#164
  1. The blocks will be able to store more transactions, increasing the efficiency of the node.
  2. You can trace each Bitcoin’s transactions all the way back to when it was first mined. With the account model, you can only see when the accounts ETH balance increased or decreased.
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#165

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?

Less space per transaction means there can be more transactions in a block, this will ensure faster processing time and cheaper transactions on the network.

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

With UTXO you can send BTC in one transaction to a recipient and to yourself using multiple outputs after which it is impossible to trace which transaction went to whom.

With the account model you use only one transaction, from one address to another.
This is making it easier to find out where the money came from and where it went.

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#166
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?

Because by this way we win space in the blocks and finally at the blockchain. It makes easier and faster the transactions and the smart contracts.

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

In UTXO you have more privacy because you can’t tell which transaction goes to whom. You can make a multitransaction and exept from the recievers, other third parties that look at the transactions can’t say what goes to which person or back to you.
In account model unfortunatelly we have one on one transactions with stable wallet addresses.

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#167
  1. It is a benefit as there is more space for transactions which will result in faster and cheaper blocks.
  2. With the account model, funds can not be sent to yourself when sending to someone else, so its easier to follow where the funds where send to and from where it was sent. So one account increases when the other decreases.
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#168

1.where ever you can save space is a plus due to the fact that transactions will be but in the blockchain les space = more transactions
2.becuse you can allways se whom ever paid you but nott whit what

#169

Hello there

  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    As UTXO all outputs are stored on block then this takes space in block. Rather to save all outputs account model saves only one tx and saves space on block. Free space in block can be filled with extra tx to save on blocks.
  2. How is the account model not as great as the UTXO model for privacy?
    Tx destination is only one on account model. In this case tx are traceble much easier. In UTXO model ther are multiple destination wallets and some could be transaction owner own wallet.
    So on account model there is only one origin wallet where money came from where it went.
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#170
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?
    Less space means, more space for transactions, less expenses, less size of the whole blockchain
  2. How is the account model not as great as the UTXO model for privacy?
    Account model deals single input/output transactions which makes it easier to read and follow, compared to UTXO model where you could have alot of inputs/outputs taking into ccount for transactions
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#171

1- It takes less space on the blockchain ledger, it allows to have more transactions in the blocks

2- The account model only allows for a single transaction between 2 addresses whereas the utxo model allows for multiple transactions in the same transactions through which it is impossible to know which utxos go to another person and which go to the same person.

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#172

  1. The account model benefits from less information being needed to propagate the TX, making it faster.

  2. Because it is clear that you have sent x amount to y account. You do not have the option to send anything to your same account that you have sent it from. Its easier to see what has gone where.

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#173
  1. The blockchain will be smaller in size.
  2. You can’t send coins to yourself. In btc case you can’t know which transaction goes to who. In ethereum case you can see for example that from wallet A was sent to wallet B a certain amount.
#174
  1. These means more transactions can be processed in a faster time period.
  2. Transactions cant be monitored.
#175

Transaction can be monitored at the account level. On every account you can see all incoming and outgoing transactions. But you can’t trace it like bitcoin or cash.

#176
  1. More tx’s per block which can be processed faster.
  2. Individual Bitcoin UTXO history can be followed and multiple transactions can be sent at one time including back to ones self. The Ethereum account method just shows the ETH “coin” balance.
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#177
  1. It keeps the data down on the blockchain and for transactions.
  2. You can not have pseudonymous ability because funds are sent direct with no change address to obfuscate who is being payed.
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#178
  1. space saving makes mining and network faster
  2. it’s easy to track who paid whom on ethereum, while utxo is hard to distinguish between multiple outputs and output for change to yourself
#179
  • The account model doesn’t require much space as the UTXO model, why is that a benefit?
    It is less complex, block space is maximized, and therefore more efficient for putting more into each block.
  • How is the account model not as great as the UTXO model for privacy?
    Btc through its utxos could send payment to any one or back to yourself…and that is not transparent, whereas Ethereum payments are from one to the other and there is no rerouting of eth outside of those two addresses. Easier to moniter.
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#180
  1. The account model doesn’t require much space as the UTXO model, why is that a benefit?

Saving transaction data space allows for more room in each block for smart contract data.

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

The simpler accounting protocol removes the ability to disguise/disperse transactions unlike the UTXOs models.

:blush:

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