How does Cardano utilize the UTXO model for transaction validation?

3 answers

• Nov 26, 2021 · 3 years ago
  Sure! Cardano, a blockchain platform, utilizes the Unspent Transaction Output (UTXO) model for transaction validation. In this model, each transaction input refers to a previous output transaction, and the sum of the input values must be equal to or greater than the sum of the output values. This ensures that the transaction is valid and doesn't create or destroy any coins. The UTXO model provides a secure and efficient way to validate transactions on the Cardano network.
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• Nov 26, 2021 · 3 years ago
  Cardano uses the UTXO model for transaction validation, which is similar to how Bitcoin works. In this model, each transaction input references a previous output transaction, and the inputs and outputs must balance. This ensures that the transaction is valid and prevents double spending. The UTXO model is a fundamental concept in blockchain technology and is widely used in various cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  Cardano leverages the UTXO model for transaction validation, which is a key feature of the blockchain. The UTXO model ensures that each transaction input is backed by a valid and unspent output from a previous transaction. By checking the validity of the inputs and outputs, Cardano can verify the integrity of transactions and prevent double spending. This model provides a secure and reliable way to validate transactions on the Cardano network.
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