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20879289 No.20879289 [Reply] [Original]

If blockchains hold the entire history of transactions (or code executed in the case of Smart Contract chains), and if every node needs to store this history, then won't they quickly end up being prohibitively large, especially if the transaction volume goes up with adoption?

>> No.20879309

>>20879289
rrrrreeeeeeeeeeeeeeeeeeeeeee

>> No.20879344

>>20879289
>>20879296
Are you this guy? You both reposted your threads after getting no replies

>> No.20879468

>>20879289
yeah, look up blockchain pruning, it's already been implemented

>> No.20879479

no one runs a full eth node and it will never scale
i synced a full btc node on a 1 core 500mb rasp pi in about 30 hrs

>> No.20879484

>>20879468
But don't full nodes still retain the entire history?

>> No.20879485

>prohibitively large
Would imply theres some point where it is not profitable to store data
Companies like google and facebook already store vast amounts of data with a parasitic, ad based business model. blockchain provides a way to make a data market where people are pricing their data and miners are competing to service that data. it is much more efficient and there is no scaling limit. You will see more specialisation and cheaper transactions with economies of scale. You can also expect 20% of the miners to get 80% of the blocks. Although who the top 20% is will change with competitive innovation