Without the current design, you cannot have a zero trust system.
Most efficient designs are of course possible, but decrease trust. SPV is an example.
Wow, it's really powerful statement and really questionable. I hope it comes with formal proof Most efficient designs are of course possible, but decrease trust. SPV is an example.
Blockchain system can secure almost any underlying data structure (think of namecoin) and I don't see why it cannot be account ledger.
You snipped the relevant, quoted context for the response given.
The entire transaction history is required for a zero trust system.
Hi Jeff,
you can have the entire transaction history while adhering to the suggestions of OP. It would just be more efficient to compute the account balances. You might lose something though, perhaps you know?
-bm