Bitcoin works by using the Unspent Transaction Output (UTXO) model, corresponding to transactions with Actual physical hard cash wherever Each individual particular person Invoice would wish to be traced. On other hand, Ethereum works by using an account design, akin into a checking account which has a functioning equilibrium, that's far more centralized than Bitcoin.
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Some cryptocurrencies share a blockchain, when other cryptocurrencies work on their own individual blockchains.
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