- more transactions fit in a block. Ethereum has many coins attached to addresses so it needs all the space it can get
- Accounts can be seen as sender or receiver. Using UTXOs you van send money back to your own controlled address when sending money to someone
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- It reduces the block size and makes for a faster network.
- Everything on Ethereum is more transparent which comes at the sacrifice of privacy.
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Transactions on the Ethereum blockchain doesn’t have outputs and inputs. This result in transactions that are taking less space.
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The Account Model is transparent. Updates are easy to read on the blockchain instead of UTXOs which are not clear about the destination of the coins from the outside.
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the blockchain node file will be smaller, every transaction is smaller, the fees are smaller. The network will be faster and more efficient.
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Can’t hide your data with dummy transactions.
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- Because space matters on a blockchain - less storage means smaller chain so faster to move between nodes etc.
- Because anybody can look on a block explorer and see anybody elses balance, and who transferred what to who. UTXOs obscure that more, in that the output TXs could be going anywhere.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
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How is the account model not as great as the UTXO model for privacy?
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More space for smart contract code, transactions and smart contract state on the blockchain.
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With UTXOs it is more difficult to track because you can send funds to your own account. With the account model is is easier to see where funds came from and where it went.
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- The account model doesn’t require much space as the UTXO model, why is that a benefit? The more space that is save benefits each node because more transaction, byte code for smart contracts and the state of the contract can fit into each block.
- How is the account model not as great as the UTXO model for privacy? With the account model it is easy to trace the transaction because it goes from one account to another. It is easily seen on the blockchain and all you have to do is find out who owns the account and if you have used an exchange with KYC and made a transaction to your account it can be tracked. UTXO model can have multiple outputs (transfers) to many recipients including yourself and you won’t know who owns the address but can be tracked.
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1.The account model within Ethereum stores all transactions and updates each account according to the transactions within the blockchain and has no input/output like the UTXO model of Bitcoin. This may be less private but is much simpler and causes less congestion within the network. It is also fungible which means 1ETH will always carry 1ETH value regardless of it’s history and origin.
- UTXO model of Bitcoin enables you full traceability of its origins by backtracking through its history of transactions. Consequently 1 BTC may not always equal to 1 BTC value if it originated from dubious and malicious activities such as a hack, robbery fraud etc (in which case it will be blacklisted). Hence BTC is non fungible and more private than the account model of ETH
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- 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 - How is the account model not as great as the UTXO model for privacy?
everyone can see which account contains how much funds and where these funds came from and are going to. with UTXO you can create multiple outputs and control all outputs which could not be assigned to you. Owner is not know like that
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allows for greater number of transactions on chain meaning less fees and less time. also allows space for complex programming on the blockchain such as Smart contracts.
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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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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
Saving space = less money need to be spent. - How is the account model not as great as the UTXO model for privacy?
You can see which account received and sent 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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1.) It enables smaller blocks and therefore faster processing.
2.) The account model is not as private as the UTXO model. with the account modell you can track the adress of the recipient. With the utxo model it is easy to pay out more than one account - and one of those can even be your own.
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faster transactions possible.
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not as great due to each coin is visible added or subtracted. so easy to trace. utxo model better in some ways…
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The smaller is the space of one transaction the more you can add them in one block, makes the processing faster.
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Because you can see exactly the coins move from point A to B.
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- by requiring less space for transaction data you have more room for additional data in the block. ETH blocks contain data on top of transaction data. the block also has to include the SC programming and the state of the SC. this also allows for a smaller block size which means the data propagates through the network much faster. the faster the data propagates the faster you can validate and confirm blocks. Essentially you can fit more data in a smaller amount of space than BTC. it is a more efficient process.
- with UTXO’s each transaction has multiple outputs. it is impossible to tell which output is the actual transaction and which one is going back to the sender. you have to guess. with the account model it is easy to see that one account lost amount (a) and another account gained amount (a).
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- The account model doesn’t require much space as the UTXO model, why is that a benefit?
More transactions can be stored in less amount of memory, this increases the scalability of the blockchain. - How is the account model not as great as the UTXO model for privacy?
The account model is not as good for privacy, as if Someone learned who owns a particular address, they could trace all other transactions connected to that address back to them. The UTXO model can combine transactions so that one transaction sends funds to multiple parties at the same time. This increases privacy as it is hard to trace exactly where these multiple transactions are going, they could be going to other people on other accounts which are yours.
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The benefit of the account model not taking up as much space is that it allows more transactions on the block which should speed up transactions and increase scalability.
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The UTXO model is better for privacy because you can’t see who the sender and receiver are. There are multiple unidentified addresses involved in the transaction making it mostly non-fungible.
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The account model doesn’t require much space as the UTXO model, why is that a benefit?
Not require that much space means more transactions can be listed in a block which makes it faster.
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How is the account model not as great as the UTXO model for privacy?
In the account model you can see exactly which transaction went from one address to another address. In the UTXO model however, you cannot know if and which the transaction went to a different persons address or to your own.
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- Less space = smaller blockchain = less hardware requirement for nodes;
- In account model you can see to who you sent money and the exact amount. In UTXO model you don’t know which amount is sent to the recipient and which back to you.
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- You can put more data in a block
- With UTXO in btc you can have more transaction in one single transaction, so from outside you can’t know which adress belongs to whom. With account model you can only send from one adress to another single adress.
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