ErgoPlatform on Nostr: The extended Unspent Transaction Output (eUTXO) model combines the simplicity of ...
The extended Unspent Transaction Output (eUTXO) model combines the simplicity of UTXOs for accounting with the flexibility to include arbitrary smart contract logic attached to the UTXOs.
This offers major benefits like guaranteed transaction success. On eUTXO chains like Ergo, transactions are validated based on inputs & instructions before submission, ensuring they will be confirmed successfully.
eUTXO transactions also have known costs determined upfront, unlike account models like Ethereum where costs are estimates and transactions can fail if gas runs out mid-execution.
The discrete nature of eUTXOs also allows for more predictable and safe smart contract execution compared to account models which can have more vulnerabilities.
While account models aim for an easy bank account experience, the eUTXO approach provides robust security by tracing all coins back to their creation before they can be spent.
In summary, eUTXOs offer simplicity, security, guaranteed execution, predictable costs & improved smart contract safety - solving major challenges in blockchain.
See the full article to learn more about this revolutionary model: https://ergoplatform.org/en/blog/How-The-eUTXO-Model-Is-Revolutionizing-Blockchain/
This offers major benefits like guaranteed transaction success. On eUTXO chains like Ergo, transactions are validated based on inputs & instructions before submission, ensuring they will be confirmed successfully.
eUTXO transactions also have known costs determined upfront, unlike account models like Ethereum where costs are estimates and transactions can fail if gas runs out mid-execution.
The discrete nature of eUTXOs also allows for more predictable and safe smart contract execution compared to account models which can have more vulnerabilities.
While account models aim for an easy bank account experience, the eUTXO approach provides robust security by tracing all coins back to their creation before they can be spent.
In summary, eUTXOs offer simplicity, security, guaranteed execution, predictable costs & improved smart contract safety - solving major challenges in blockchain.
See the full article to learn more about this revolutionary model: https://ergoplatform.org/en/blog/How-The-eUTXO-Model-Is-Revolutionizing-Blockchain/