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Account Model vs UTXO Model
1. What models are currently used in the chain?
Well-known chains such as Ethereum, EOS, and Solana all use the account model. It can even be said that more than 90% of projects use the account model, while only some established projects use the UTXO model, such as BTC and DOGE. , LTC, of course, some relatively new projects also use this model, such as FUEL using the OP scheme in Layer2.
2. What is an account model?
To simply understand, it is the bank account system, such as transfers between banks, Alipay, WeChat transfers, etc., all belong to the account model. Let me give you an example:
Well-known chains such as Ethereum, EOS, and Solana all use the account model. It can even be said that more than 90% of projects use the account model, while only some established projects use the UTXO model, such as BTC and DOGE. , LTC, of course, some relatively new projects also use this model, such as FUEL using the OP scheme in Layer2.
2. What is an account model?
To simply understand, it is the bank account system, such as transfers between banks, Alipay, WeChat transfers, etc., all belong to the account model. Let me give you an example: