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Satoshi's 'Most Underrated' Bitcoin Innovation Has Litecoin, Dogecoin in It

Satoshi's 'Most Underrated' Bitcoin Innovation Has Litecoin, Dogecoin in It
Photo: U.Today

BTC when published $80,284Now $80,617 ▲ +0.41% since it was published

In a recent X post, the on-chain intelligence platform Arkham posed a question about what it thinks could be Bitcoin's pseudonymous creator Satoshi Nakamoto 's most underrated innovation: the UTXO model. While Bitcoin's architecture gets a lot of attention, UTXO, the accounting system that makes it function at the transaction level, rarely gets the same interest outside technical circles. "Is this Satoshi's most underrated innovation?" Arkham asked in its X post, noting that "Litecoin, Dogecoin and Zcash all run the accounting model Satoshi designed for Bitcoin." The UTXO model, though pioneered by Bitcoin, has been adopted by several other major blockchains. Bitcoin Cash, Litecoin, Dogecoin, Zcash, and Dash all retain the UTXO model, having forked from Bitcoin's codebase.

First reported by U.Today. This page is a short excerpt; the full text is theirs.

Read the full story at U.Today (opens in a new tab)

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