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Bitcoin works by using the Unspent Transaction Output (UTXO) design, comparable to transactions with Actual physical dollars the place Each and every specific bill would wish to get traced. On other hand, Ethereum makes use of an account model, akin to your checking account having a functioning harmony, which is much more centralized than Bitcoin.
Bitcoin makes use of the Unspent Transaction Output (UTXO) product, similar to transactions with Bodily hard cash exactly where Every single unique bill would need to get traced. On other hand, Ethereum takes advantage of an account model, akin to some checking account with a working harmony, which happens to be a lot more centralized than Bitcoin