The significance of the selected blockchain accounting model is often underestimated, despite its substantial influence on user experience and potential for scalability. In this article, we will delve into the intricacies of the UTxO model, employed by Cardano and Bitcoin, and the account-based model, utilized by Ethereum and numerous other EVM-compatible blockchains. The article is replete with illustrative images. Upon perusal, you will comprehend why the validation of transactions in Ethereum is non-deterministic and often prone to failure, while Cardano validates transactions deterministically. We will also elucidate the distinction between the global states of Ethereum and Cardano.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/deep-dive-into-cardano-s-utxo-and-ethereum-s-account-based-models-models