If a credit card doesn't need to keep a trading

Question

Mina Protocol

Hector Berlioz

If a credit card doesn't need to keep a trading

history, why would blockchain need it?

#blockchain #cryptocurrency #english #mina

0

21.05.2022

3 ответов

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Hector Berlioz Автор вопроса

Richie Munro
Thats a similar approach with zk proofs. Having a ...

I'm really surprised that other projects haven't thought of anything like this before. I believe this kind of small blockchain will become standard someday.

0

21.05.2022

𝘼𝙙𝙙𝙞𝙨𝙤𝙣 | 𝙒𝙞𝙡𝙡 𝙉𝙚𝙫𝙚𝙧 𝘿𝙈 𝙁𝙞𝙧𝙨𝙩

Hector Berlioz
I'm really surprised that other projects haven't t...

Thank you for this, @Hectorberlioz 😊

0

21.05.2022

Richie Munro · Accepted Answer

Thats a similar approach with zk proofs. Having a full node for the entire history is optional, however not essential. The snapshot is always the point of reference for that trx for example. When you put Mina next to other traditional blockchains, huge differences. Mina dramatically reduces the amount of data each user needs to download. Instead of verifying the entire chain from the beginning of time, participants fully verify the network and transactions using recursive zero knowledge proofs (or zk-SNARKs). Nodes can then store the small proof, as opposed to the entire chain.

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If a credit card doesn't need to keep a trading

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