It needs a solution, maybe each #bitcoin wallet keeps their own list of their transactions and the inputs are verified by polling the originator node if such n such received X?
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ghost commented at 6:13 AM on June 24, 2014: none
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laanwj commented at 8:49 AM on June 24, 2014: member
This has been discussed many times. Google around a bit. This is not the place for discussing this.
If it is a problem for you personally just use a SPV wallet like Multibit or the Android wallet, or something like Electrum.
- laanwj closed this on Jun 24, 2014
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ghost commented at 6:35 AM on June 25, 2014: none
So whats going to happen when the blockchain is in the terabyte+ range?
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laanwj commented at 6:49 AM on June 25, 2014: member
Nothing. It will still keep a perfect, verifiable record of history, as it is supposed to.
At the maximum growth (assuming full 1MB blocks, something we don't have yet) of ~50GB/year it will grow to a terabyte in ~20 years. With the growth of commercially-offered data storage I'm sure we'll laugh about that amount by then.
Full nodes that want to bootstrap from scratch will have to fetch a lot of data - which can take some time, depending on the bandwidth available by then - but that isn't a critical problem. If bitcoin gains any popularity it will be easy to get hold of the data anyhow.
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ghost commented at 3:21 AM on June 29, 2014: none
Ok. But I don't like to just keep getting bigger and bigger drive to handle it, even if cost per gb/tb becomes inexpensive. Have a look at axiomcoin which is my own project on github as I plan on using the checkbook idea for each node recording their transactions in and they communicate on network to verify if the input is valid. axiomcoin is not complete, being designed.
- MarcoFalke locked this on Sep 8, 2021
