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Bitcoin makes use of the Unspent Transaction Output (UTXO) model, comparable to transactions with Actual physical dollars the place Each and every personal bill would wish to get traced. On other hand, Ethereum makes use of an account product, akin to your checking account having a running equilibrium, that's much more centralized than Bitcoin.The

Bitcoin works by using the Unspent Transaction Output (UTXO) design, similar to transactions with physical hard cash wherever Each individual particular person Invoice would need to generally be traced. On other hand, Ethereum works by using an account design, akin to a banking account by using a working balance, and that is additional centralized