What is Account Model?

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Accepted Answer

The **Account Model** is a blockchain state management paradigm, most famously utilized by **Ethereum**, where the network maintains a single global state that tracks the balance, code, and storage of every user and contract address, simplifying complex state transitions required for smart contract execution.

Account Model

What is Account Model?

What is the Account Model and how does it differ from the UTXO Model?

How does the Account Model enable smart contract functionality on platforms like Ethereum?

What are the key advantages and disadvantages of using the Account Model for a blockchain?

When is the Account Model preferred in blockchain design, and what are some real-world adoption statistics?

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