At the protocol level, the key features are: UTXO-based sta…

At the protocol level, the key features are:
UTXO-based state model
BSV uses the unspent transaction output model. Each transaction consumes prior outputs and creates new outputs. This means state transitions are explicit, traceable, and locally verifiable. Rather than having a global mutable account state, validity follows from whether a specific output exists, has not already been spent, and is unlocked according to its script conditions.