UTXO and Account Model
There are two main methods that the blockchain uses in order to store ledger information. There is the UTXO model which was the original model and used in Bitcoin. Then there is the account model which is used in Ethereum. In this talk, we will be comparing the two models. The UTXO model is referred to as the cash model. In our model we can see Jane receives $100 from Bob and $50 from Tom,…