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Bitcoin utilizes the Unspent Transaction Output (UTXO) model, similar to transactions with physical income in which Every single specific Invoice would want to be traced. On other hand, Ethereum utilizes an account model, akin to a bank account with a running balance, which is more centralized than Bitcoin.
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Blockchains are unique in that, as soon as a transaction has become recorded and confirmed, it may possibly?�t be changed. The ledger only allows for a single-way facts modification.}