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Bitcoin utilizes the Unspent Transaction Output (UTXO) model, comparable to transactions with physical cash where each person bill would need to be traced. On other hand, Ethereum takes advantage of an account product, akin to the banking account by using a managing harmony, which can be a lot more centralized than Bitcoin.
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Blockchains are unique in that, as soon as a transaction is recorded and confirmed, it may possibly?�t be changed. The ledger only allows for a single-way knowledge modification.}