Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
Peter R
on 08/06/2014, 20:26:37 UTC
DeathAndTaxes is probably the clearest writer on this topic.  

It seems like to me that any implementation of block chain pruning, would in effect, create a decentralized checkpoint that could be leveraged to solve the "nothing at stake", past coins being used to attack the network issue in PoS.  Why does NOBODY talk about this?

Perhaps I am not following.  Pruning isn't at all like a checkpoint.  Can you explain in more detail what you mean?

Satoshi describes how blockchain pruning works in Section 7 of the original white paper.  Transactions are hashed into a Merkle tree, allowing for blockchain pruning without breaking the block's hash.  It is actually quite mind-blowing how this works.  Take a look: https://bitcoin.org/bitcoin.pdf