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Which key differences between the Bitcoin and Ethereum blockchains must investigators consider when investigating flows of funds on each respective chain? (Select Two.)
Suggested Answer: B, D
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Bitcoin and Ethereum have fundamental differences important to investigators:
Variety of applications, assets, and networks (B): Ethereum supports diverse decentralized applications (dApps), multiple tokens (ERC-20, ERC-721), and various networks, complicating transaction tracing compared to Bitcoin's primary use as a cryptocurrency.
Ledger model (D): Ethereum uses an account-based ledger model, while Bitcoin uses a UTXO (unspent transaction output) model, affecting how transactions are recorded and analyzed.
Transaction cost (A) and address length (C) differ but are less relevant for fund flow investigations.
29 comments · newest first
HA
Hana
8 months ago
A and B are my picks. Costs and applications shape the investigation.
TO
Toshia
8 months ago
I feel A and C matter too. Address length can affect tracking.
CL
Claudio
8 months ago
I’d go with A and D. The ledger model is so different!
SI
Simona
9 months ago
Definitely! B is important for understanding the ecosystem.
AD
Adaline
9 months ago
I think A and B are crucial. Transaction costs can vary a lot.
MI
Michel
9 months ago
I thought transaction costs were similar, but I guess not!
IN
Ines
9 months ago
D) The ledger model is crucial for tracing funds!
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Veronika
9 months ago
C) Wait, is address length really that important?
EM
Emmett
9 months ago
B) Totally agree, Ethereum has way more applications.
LA
Lashandra
10 months ago
Haha, good luck to any investigator trying to keep up with all the crazy stuff happening on Ethereum! B and D for sure.
AN
Annalee
10 months ago
B and D, no doubt. The ability to create custom tokens and smart contracts on Ethereum adds a whole new layer of complexity compared to Bitcoin.
AL
Aliza
10 months ago
I'd go with B and D. The flexibility of Ethereum versus the more limited scope of Bitcoin is a big deal for investigators.
FE
Felicidad
10 months ago
Definitely B and D. The ledger model and application diversity are crucial factors when investigating transactions on these blockchains.
AL
Alpha
10 months ago
Okay, I think I've got it. The transaction cost and the ledger model are the two key differences that investigators would need to consider. The way transactions are processed and validated is quite different between the two blockchains.
ST
Stanton
10 months ago
B and D are the key differences to consider. Bitcoin is a single-purpose blockchain for digital currency, while Ethereum supports a wide variety of applications and assets.
SU
Suzan
11 months ago
A) Transaction cost is definitely a big difference!
BE
Beatriz
11 months ago
B and D make sense. The variety of applications complicates things.
SO
Sommer
11 months ago
I'm a bit confused on this one. I know there are some fundamental technical differences, but I'm not sure which two are the most important for this investigation. I'll need to revisit the blockchain concepts we covered in class.
XO
Xochitl
11 months ago
I've got this! The variety of applications and the address length are the two key differences I would focus on. Ethereum's smart contracts enable a much wider range of use cases compared to Bitcoin's more limited functionality.
LE
Leontine
12 months ago
Okay, let's see. Transaction cost and ledger model seem like obvious differences to consider. But I'm not sure about the other options - I'll have to review my notes on the technical differences between the two blockchains.
AL
Albina
1 year ago
Hmm, this is a tricky one. I'll need to think carefully about the key differences between Bitcoin and Ethereum to identify the two most relevant ones.
LI
Lisbeth
7 months ago
Agreed! The ledger model is important too, though.
FA
Fabiola
7 months ago
Address length might not matter as much.
AR
Arlene
7 months ago
Definitely! But variety of applications is also crucial.
UL
Ulysses
11 months ago
I think transaction cost is a big factor.
AN
Angella
1 year ago
I think the ledger model is crucial since Bitcoin and Ethereum operate differently, but I’m torn between that and transaction costs for the second choice.
KR
Kris
1 year ago
I feel like address length might be a trick option here. I vaguely recall it being different, but I can't remember if it's significant for investigations.
MA
Maurine
1 year ago
I remember studying the variety of applications on Ethereum compared to Bitcoin, so I feel confident about that one. The other option is a bit fuzzy for me though.
AU
Augustine
1 year ago
I think the transaction cost is definitely a key difference, but I'm not sure about the second option. Was it the ledger model or something else?