Get ready to strap in, as this is part one in a two part series where we'll be diving into the basics of blockchains and how they update the state of their public ledger. Blockchains can update their state through a variety of models, but the two most prominent models used today are the UTXO model and the Account model. The UTXO model is utilized by Bitcoin and a variety of older cryptocurrencies (mainly Proof-of-Work consensus networks), while the Account model is utilized by Ethereum and ma...

Get ready to strap in, as this is part one in a two part series where we'll be diving into the basics of blockchains and how they update the state of their public ledger. Blockchains can update their state through a variety of models, but the two most prominent models used today are the UTXO model and the Account model. The UTXO model is utilized by Bitcoin and a variety of older cryptocurrencies (mainly Proof-of-Work consensus networks), while the Account model is utilized by Ethereum and ma...

After much anticipation, part two of the UTXO Model vs Account Model series is coming in hot with everything you need to know about the Account model. Compared to the UTXO model, the concept of the Account model is most likely easier to grasp given many financial transactions we conduct in our daily lives utilize an account/balance model. For the purposes of this post, we'll be using Ethereum as an example of an Account model system.Account ModelJust as the UTXO model can be considered simila...

After much anticipation, part two of the UTXO Model vs Account Model series is coming in hot with everything you need to know about the Account model. Compared to the UTXO model, the concept of the Account model is most likely easier to grasp given many financial transactions we conduct in our daily lives utilize an account/balance model. For the purposes of this post, we'll be using Ethereum as an example of an Account model system.Account ModelJust as the UTXO model can be considered simila...