One of the problems with the current blockchain is that it can grow too big.
Nakamoto proposed a solution in his original whitepaper on Bitcoins:
Using Merkle tree's to hash transactions old transactions/hashed can be pruned, by removing sub branches and only keeping the necessary hashes.
The solution does rely on the following:
Blocks are generated every 10 minutes = 4.2MB per year
Moore's law predicting growth of 1.2 GB of ram per year
The block generation imposed limit will limit adoption of cyber currencies as a replacement for the current third party backed currencies as it cannot process the same amount of transactions.
One of the problems with the current blockchain is that it can grow too big.
Nakamoto proposed a solution in his original whitepaper on Bitcoins: Using Merkle tree's to hash transactions old transactions/hashed can be pruned, by removing sub branches and only keeping the necessary hashes.
The solution does rely on the following:
Blocks are generated every 10 minutes = 4.2MB per year Moore's law predicting growth of 1.2 GB of ram per year The block generation imposed limit will limit adoption of cyber currencies as a replacement for the current third party backed currencies as it cannot process the same amount of transactions.