Re: Pascal Coin: P2P cryptocurrency without need of historical operations
Sounds similar to the mini-blockchain implementation pioneered by Cryptonite: https://bitcointalk.org/index.php?topic=713538.0
The "safe box" could be compared to the mini-blockchain radix-tree-based balance sheet, where the hash of the safe box is embedded into blocks, so that a user's copy of the safe box can be validated against the blockchain.
As far as why it needs a blockchain, I would assume the blockchain acts as a means of maintaining consensus on the contents of the "safe box" although it isn't referenced directly for transaction history/data/validity.
The "safe box" could be compared to the mini-blockchain radix-tree-based balance sheet, where the hash of the safe box is embedded into blocks, so that a user's copy of the safe box can be validated against the blockchain.
If it doesn't need historical operations then why does it need a blockchain? What makes it different to other coins? Does it have a blockchain pruning mechanism to keep the blockchain small, or some special features besides being written in a different language to other coins?
As far as why it needs a blockchain, I would assume the blockchain acts as a means of maintaining consensus on the contents of the "safe box" although it isn't referenced directly for transaction history/data/validity.
You're right. Blockchain is used to maintain an integrity on the Safe Box, generating a "Safe Box Hash" as explained on the White Paper.
