Can we just split the Ledger to reduce its size and cost of running full node? - Cryptocurrency Reporters - A Light To Cryptocurrency World

Friday, 6 April 2018

Can we just split the Ledger to reduce its size and cost of running full node?


Can we just split the Ledger to reduce its size and cost of running full node?If we take a snapshot of the ledger today, can we just record where all the bitcoins are at a certain point and erase everything from before (that way everything is properly accounted for) and just do that whenever the ledger gets too big? I'm not a technical guy but just wondering why the entire ledger needs to be saved on full nodes if we can just take a snapshot to record the fair balances on all addresses. via /r/Bitcoin https://ift.tt/2GVE1Id

If we take a snapshot of the ledger today, can we just record where all the bitcoins are at a certain point and erase everything from before (that way everything is properly accounted for) and just do that whenever the ledger gets too big? I'm not a technical guy but just wondering why the entire ledger needs to be saved on full nodes if we can just take a snapshot to record the fair balances on all addresses.

If we take a snapshot of the ledger today, can we just record where all the bitcoins are at a certain point and erase everything from before (that way everything is properly accounted for) and just do that whenever the ledger gets too big? I'm not a technical guy but just wondering why the entire ledger needs to be saved on full nodes if we can just take a snapshot to record the fair balances on all addresses.

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