Quote from: asdf on November 28, 2010, 02:44:58 PM
This is brilliant!
In the future, when bock sizes are huge, this will save a lot of bandwidth and storage. Only one “server” node needs the blockchain and the fat bandwidth required to receive the flood of transactions. Many clients can then contribute to bitcoin without the need to pay for all that infrastructure multiple times. This means that small players can stay in the market and kind of solves the whole scaling problem. Awesome!
Oh, I didn’t even realize this. But it is correct I think. Only the header needs to be hashed. So this scheme has benefits beyond reducing the variance in generating. Very nice.