A few things to remember about UTXO and account models:
1) Ethereum has two types of accounts: externally owned accounts (EOAs), controlled by private keys, and contract accounts, controlled by code.
2) Ethereum uses an account model: the blockchain records each account’s balance directly. A transfer deducts funds from one account and adds them to another.
3) Reusing the same Bitcoin address to receive funds can expose transaction history. Many wallets automatically generate a new address for each incoming payment and for change.
$BTC uses the UTXO model. The balance displayed by a wallet is actually the sum of many unspent outputs.
#BTC
1) Ethereum has two types of accounts: externally owned accounts (EOAs), controlled by private keys, and contract accounts, controlled by code.
2) Ethereum uses an account model: the blockchain records each account’s balance directly. A transfer deducts funds from one account and adds them to another.
3) Reusing the same Bitcoin address to receive funds can expose transaction history. Many wallets automatically generate a new address for each incoming payment and for change.
$BTC uses the UTXO model. The balance displayed by a wallet is actually the sum of many unspent outputs.
#BTC