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Do you have a source for this? Last I checked, the ledger on Bitcoin and Ethereum are functionally identical. A value against a wallet address. There are no "a
by heeton 4y ago
Do you have a source for this?
Last I checked, the ledger on Bitcoin and Ethereum are functionally identical. A value against a wallet address. There are no "accounts" on either.
- freeAgent 4y agoBitcoin and similar chains use a “UTXO” model that tracks outputs of individual transactions, even when made to the same receiving address. This allows for control of specific coins when spending. ETH doesn’t use UTXO and I don’t believe it has the ability to perform coin control.
- dereg 4y agoIt's called "coin control". On Ethereum, your entire account balance is inextricably commingled. On Bitcoin, you can maintain the provenance of your coins. https://bitcoin.design/guide/how-it-works/coin-selection/ https://bitcoin.design/guide/how-it-works/coin-selection/
- bsamuels 4y agoMany people confuse the account ledger model with "account abstraction". Ethereum has the first, the second is wip.
- madars 4y agoYep. Though here the confusion seems to be regarding Ethereum accounts and "account balance" interface in many Bitcoin wallets.
- jstanley 4y agoHow did you check? This has never been true. Bitcoin has always used UTXOs.
- ArtTimeInvestor 4y agoThis page is somewhat of a source: https://en.bitcoin.it/wiki/Transaction https://en.bitcoin.it/wiki/Transaction Because Bitcoin is more flexible than most people think and offers an ever increasing amount of different transaction types, it is important to read it from top to bottom to get a grasp on it.
- DennisP 4y agoHere's an article by Vitalik, explaining the differences between UTXOs and Ethereum's account-based model and why Ethereum did it that way. https://medium.com/@ConsenSys/thoughts-on-utxo-by-vitalik-buterin-2bb782c67e53 https://medium.com/@ConsenSys/thoughts-on-utxo-by-vitalik-bu...