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event based simulation vs cycle based simulation


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Hi

I am trying to understand the difference between event based simulation vs cycle based simulation. I have following questions

- which one is faster and why

- TLM2 LT is event based or cycle based

- TLM2 AT is event based or cycle based

- Cycle accurate/approximate is event based or cycle based

Can you prove a small example or pointer to better understand this.

Thanks

Khushi

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