It can speed up the initial chain download. A newly created wallet will
have only new key-pairs, hence no incoming transactions (unless we have a
key collision, which is unlikely). So there is no need for a bootstrapping
node to download the chain with transactions. The chain itself can be
On Mon, Jan 2, 2012 at 5:23 PM, Elden Tyrell tyrell.el...@gmail.com wrote:
On 2012-01-02 05:31:19 -0800, Christian Decker said:
Later full blocks would be required to detect usable inputs for future
outgoing transactions.
Er, yes, this is what I meant; I guess I should have been more
On 2012-01-02 14:41:10 -0800, Gregory Maxwell said:
make this possible: https://bitcointalk.org/index.php?topic=21995.0
Neat! I had a similar idea but you've clearly beat me to [a big part of] it.
Er, no— if a node controls the private keys for a transaction, and
that transaction makes it
Satoshi's paper mentions that storage requirements for the blockchain
can be reduced by deleting transactions whose outputs have been spent.
If I understand correctly, this technique can only be used for reducing
*storage* requirements, not *bandwidth* needed for the initial chain
download by
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