Cryptocurrency:

[other.arkitech]

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‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
On Monday, May 25, 2020 10:33 PM, grarpamp <grarpamp at gmail.com> wrote:

> > Crytocurrencies require a log of ALL TRANSACTIONS, not just the so called
> > utxo set...
>
> If one can form a consensus over one set of data, peoples
> favorite bloated log, which is in effect one big pile of state,
> then one can perhaps form a consensus over any other set
> from it, eventually among other possiblities, mining deltas
> to move a UTXO state db forward, potential db distribution
> and update mechanisms, etc... all under some form of
> consensus, facts of formal verification, etc.

That's USPS mechanism:
state+diff=next state

The unbloated trait is present as well. There is no history to carry on with it acting like an elastic gum (time to sync a new node for instance).
The verification taking place to calculate the next state
is enough to trust on the state. There is no need to
validate the history from the genesis to trust the last state.
The truth starts there, on the last block.



> To claim Satoshi Genesis Blockchain whitepaper is only
> way to do things, that there are no other ways to be found,
> or proofs proving no others, is really quite ridiculous in
> such early days of research where no one knows much
> about what is or isn't possible. All possible within physics.
> People with head locked in sand will never find them.