'3 Differences Between UTXO And Accounts-based Blockchains' whatisautxo accountingmodel
A UTXO system used by Bitcoin and similar chains are like a cash system with better security. Accounting models deployed by Ethereum are easier to use and operate more like a bank account. It is easier to build complex smart contracts on this system. Cardano uses an extended UTXO model tagging many benefits to deploying dApps.For decades, finance and data systems relied on centralized systems.
Therefore, there is a state transition with every block defined by the state transition logic. For every state transition, there is an automated update of the system to reflect the status of the new state. This scheme applies in all blockchains regardless of workflow used, mainly unspent transaction output or account models.
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