【Term Explanation】How do Bitcoin and Ethereum differ in the way they record balances?
With an Ethereum externally owned account, the nonce increases by 1 with each transaction. Transactions must be executed in nonce order, and each nonce can only be used once.
The account model is more like an ordinary bank account: the balance is easy to understand, and writing smart contracts is more convenient. The trade-off is that transactions from the same account must be queued and executed in nonce order.
$BTC uses the UTXO model. The balance shown in a wallet is actually the sum of multiple unspent outputs. Current price: 82580.01.
Only put in money you can afford to lose.
#BTC
For record-keeping only; this is not investment advice.
With an Ethereum externally owned account, the nonce increases by 1 with each transaction. Transactions must be executed in nonce order, and each nonce can only be used once.
The account model is more like an ordinary bank account: the balance is easy to understand, and writing smart contracts is more convenient. The trade-off is that transactions from the same account must be queued and executed in nonce order.
$BTC uses the UTXO model. The balance shown in a wallet is actually the sum of multiple unspent outputs. Current price: 82580.01.
Only put in money you can afford to lose.
#BTC
For record-keeping only; this is not investment advice.