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Achieving Almost All Blockchain Functionalities with Polylogarithmic Storage. (arXiv:2207.05869v1 [cs.CR])
July 14, 2022, 1:20 a.m. | Parikshit Hegde, Robert Streit, Yanni Georghiades, Chaya Ganesh, Sriram Vishwanath
cs.CR updates on arXiv.org arxiv.org
In current blockchain systems, full nodes that perform all of the available
functionalities need to store the entire blockchain. In addition to the
blockchain, full nodes also store a blockchain-summary, called the
\emph{state}, which is used to efficiently verify transactions. With the size
of popular blockchains and their states growing rapidly, full nodes require
massive storage resources in order to keep up with the scaling. This leads to a
tug-of-war between scaling and decentralization since fewer entities can afford
expensive …
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