Post
Topic
Board Beginners & Help
Re: Cryptocurrencies without transaction history
by
Come-from-Beyond
on 10/05/2013, 20:40:38 UTC
Hi all,

Since I'm newbie I need to create several posts on this forum, so here is mine)
I've noticed that all known (to me) cryptocurrencies are strore full transaction history for every available "coin". So, is to store this history really necessary? A simple alt. way may be just to store current balances of every user. Actually it even seems to enough to strore one-way accumulator hash of all balances and send required for every node hash update when new block is generated.

If you can figure out how to do it without needing a blockchain, you'll have the only decentralized cryptocurrency in the world that doesn't require mining.

A solution in my signature.