#TBC# 1. The Genetic Restructuring of Systems and Technology: The Governance Revolution of the UTXO Model
1.1 The Governance Dilemma of Traditional Models
The account-based stablecoins dominated by the West (such as the ERC-20 standard) have systemic flaws: the account balance system obscures the flow of funds, necessitating the construction of complex retroactive systems for financial audits; policy rules must be implemented through the stacking of smart contracts, significantly increasing systemic risk and development costs; real-time network verification mechanisms are difficult to adapt to
View Original1.1 The Governance Dilemma of Traditional Models
The account-based stablecoins dominated by the West (such as the ERC-20 standard) have systemic flaws: the account balance system obscures the flow of funds, necessitating the construction of complex retroactive systems for financial audits; policy rules must be implemented through the stacking of smart contracts, significantly increasing systemic risk and development costs; real-time network verification mechanisms are difficult to adapt to