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1/#UTXO model works like cash transactions, while the account-based model works similar to how bank accounts work.
2/For example- I have a $10 bill. I buy a coffee and muffin for $2 and $3 each and receive $5 change. In UTXO-based blockchains, the $10 bill and the $5 change would be represented as two separate UTXOs.
3/ In UTXO-based blockchains, such as Bitcoin, identity is not a relevant concept.
Rather, the focus is on UTXOs or unspent coins that are allocated to various wallet addresses.
Rather, the focus is on UTXOs or unspent coins that are allocated to various wallet addresses.
4/ It is important to note that the Bitcoin protocol does not monitor users' balances, but rather individual coins represented as UTXOs that are associated with different addresses.
5/ @fuel_network represents network state by both contract and coin UTXOs.
This enables Parallel transaction execution because users do not directly sign the UTXO causing the UTXO to be consumed.
This enables Parallel transaction execution because users do not directly sign the UTXO causing the UTXO to be consumed.
6/ Instead, block producers are tasked with translating the current state and state transitions into a new set of UTXOs.
This allows algorithmic traders to have access to a safe and liquid environment for executing novel strategies.
This allows algorithmic traders to have access to a safe and liquid environment for executing novel strategies.
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