The “balance” shown in a Bitcoin wallet—is there really such a number stored on-chain?
First, what it is: Cardano uses the extended UTXO (eUTXO) model, which builds on UTXO by adding the ability to execute script logic.
How it works: In the UTXO model, unrelated transactions can be validated in parallel, and using a new address to receive change can also help protect privacy. The trade-off is that writing complex contracts is less convenient.
$BTC uses the UTXO model. The balance shown in a wallet is actually the sum of multiple unspent outputs.
Understanding how it works helps you make more informed decisions; it isn’t about predicting market movements.
#BTC
First, what it is: Cardano uses the extended UTXO (eUTXO) model, which builds on UTXO by adding the ability to execute script logic.
How it works: In the UTXO model, unrelated transactions can be validated in parallel, and using a new address to receive change can also help protect privacy. The trade-off is that writing complex contracts is less convenient.
$BTC uses the UTXO model. The balance shown in a wallet is actually the sum of multiple unspent outputs.
Understanding how it works helps you make more informed decisions; it isn’t about predicting market movements.
#BTC