I have been rather confused by the eponymous web3 stack introduced by the Web3 Foundation.


In layer 0, they describe UTXO as the virtual machine. This runs contrary to my (mis)understanding of a virtual machine , as UTXO accounts for the closest thing Bitcoin has to state, the Unspent Transaction Output. I would have thought the Ethereum equivalent would be the Account Model.

Happy to be (re)educated...

  • It is not clear what is your question. The link you provide says it is layer 0. Web3 foundation is independant of Ethereum, they are more about Polkadot. – Ismael Apr 24 '19 at 1:47

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