Re: [bitcoin-dev] Fwd: Proposal of a new BIP : annual splitting blockchain database to reduce its size.

[Luke Dashjr <luke@dashjr.org>]

To have a BIP, you need to explain not only *why* you want to do something, 
but also *what specifically* to do, and *how* to do it. This concept 
(historically known as "flip the chain" and/or "UTXO commitments") is not new, 
merely complicated to design and implement.

Luke


On Wednesday 16 August 2017 4:20:45 PM Алексей Мутовкин via bitcoin-dev wrote:
> Let me describe the possible improvement of the bitcoin blockchain database
> (BBD)  size in general terms.
> 
> We can implement new routine : annual split of the BBD. Reason is that
> 140gb full wallet unconvinience.
> 
> BBD splits in two parts :
> 1) old blocks before the date of split and
> 2) new blocks, starting from first technical block with all rolled totals
> on the date of split.
>     (also possible transfer of tiny totals due to their unprofitability to
> the miners, so we cut long tail of tiny holders)
> 3) old blocks packs into annual megablocks and stores in the side archive
> chain for some needs for FBI investigations or other goals.
> 
> 
> Thanks for your attention,
> 
> Alexey Mutovkin