Gavin Andresen Drops A New Concept On Github for Bitcoin Cash

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Gavin Andresen Drops A New Concept On Github for Bitcoin Cash

January 3, 2018 News 0

On January 2 one of the most well-known developers for the original bitcoin protocol, Gavin Andresen, contributed an idea to Github called “Storing the UTXO as a bit-vector.” Andresen has been active on Github for the past month as his contributions have been focused on general (Unspent Transaction Output) UTXO sets, but this particular idea is for the Bitcoin Cash (BCH) network. Also read: Putin Wants to Use Cryptoruble to Evade Sanctions But Bank of Russia Skeptical The Developer Who Was Given the BTC Codebase Permissions from Satoshi Offers an Idea for BCH Network   Gavin Andresen has been lurking around Github for the past twenty-seven days, and on the second day of the new year, the developer contributed an idea for the BCH network. The concept Andresen called “Half-baked thoughts exploring a different way of implementing a fully-validating BCH node,” is an idea on shifting the storage of full transaction data to wallets. The developer explains the concept is to let every node in the new network store a bit-vector for every block which can be highly compressible even for gigabyte-sized blocks. “This isn’t a problem today (the UTXO set easily fits in the RAM of an inexpensive server-class machine), but might eventually be at very large transaction volumes,” explains Andresen. Initial block download is a problem today (it is annoying to have to wait several hours or days to sync up a new node), and this scheme could make it orders of magnitude faster by shifting the time when…
Source: Gavin Andresen Drops A New Concept On Github for Bitcoin Cash