Bitcoin uses the Unspent Transaction Output (UTXO) product, akin to transactions with physical cash where by each particular person Invoice would need to be traced. On other hand, Ethereum works by using an account design, akin to a banking account which has a managing balance, which is more centralized than Bitcoin.
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A blockchain can be a distributed community ledger ??or online digital databases ??that contains a file of all the transactions on the platform.
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