Re: Blockchain Analytics is More of an Art Than Science

Quote from: HmmMAA on September 25, 2023, 05:50:42 AM

Quote from: ETFbitcoin on September 22, 2023, 08:49:40 AM

But depending on your needs, you could avoid small block size problem by utilizing merkle tree and only store top/parent hash. Peter Todd did that on Internet Archive data[1]. Otherwise if you don't mind altcoin which have bigger block size and have sufficient skill/time, you could fork opentimestamps[2] to support certain altcoin.

[1] https://petertodd.org/2017/carbon-dating-the-internet-archive-with-opentimestamps
[2] https://github.com/opentimestamps/opentimestamps-client

That still won't work in massive scale with blocks of max 12k transactions ( if all of them are segwit ) per 10 minutes . I agree that other chains can and will create such services in the future . But for sure btc won't/can't do it .

FWIW, Bitcoin sidechain also exist where you can store such data. And by using SegWit/Taproot witness data (similar with what Ordinal does), you can store hash of multiple file into single transaction which have far higher efficiency.