Bitcoin employs the Unspent Transaction Output (UTXO) model, similar to transactions with physical cash exactly where Each and every individual Invoice would wish for being traced. On other hand, Ethereum uses an account design, akin into a bank account with a running stability, that's extra centralized than Bitcoin.
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A blockchain is a dispersed general public ledger ??or on the web digital database ??which contains a history of the many transactions over a platform.