Logo
Cardano Ecosystem

Cexplorer

12/07/2023

·

91 views


Understanding the Meaning of Extended in Cardano's UTxO Model

Bitcoin uses the UTxO accounting model. For the IOG team, this model was not sufficient for the Cardano mission, so they extended it.

Understanding the Meaning of Extended in Cardano's UTxO Model

Bitcoin uses the UTxO accounting model. For the IOG team, this model was not sufficient for the Cardano mission, so they extended it. Cardano uses the Extended UTxO model. 

In this article, we will explain the meaning of ‘Extended’. More Than Payments The Bitcoin network is designed for payments. The UTxO model of Bitcoin has a limited expressiveness of programmability. Cardano is a smart contract platform allowing developers a wider range of operations related to value, i.e. working with UTxOs. 

The extension of the UTxO model concerns the following properties: Ability to maintain contract state. Ability to reuse a contract code for a sequence of transactions. The team calls it continuity. Ability to support multi-assets. 

Ability to support higher expressiveness and progr Read article: Understanding the Meaning of Extended in Cardano's UTxO Model

AD

TapTax - Cardano Crypto Taxes Made Simple. Available Now!

Simplify your Crypto Tax experience! From a passive holder, to day trader, to NFT project, we have your taxes covered.BUY NOW!


Read Original Article on Cexplorer

ORIGINAL SOURCE

https://cexplorer.io/article/understandi...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Cexplorer

See more
Legacy is Eating Crypto
Cexplorer
Legacy is Eating Crypto

yesterday at 2:10 PM

·

26 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)