UTXO vs Account-Based Explanation

MediumTechnical Fundamentals00:00

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Your question is UTXO vs Account-Based Explanation. Take a moment with it on the right.

Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).

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Problem

Explain the difference between a UTXO-based blockchain (like Bitcoin) and an account-based blockchain (like Ethereum) to a non-technical customer at Chainalysis.