March 2018
Beginner to intermediate
656 pages
20h 9m
English
Content preview from Mastering Blockchain - Second Edition
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View plane
Next on the list is the view plane, which proposes an optimization which is based on the proposal that bitcoin miners do not need the full blockchain to operate, and a view can be constructed out of the complete ledger as a representation of the entire state of the system, which is sufficient for miners to function. Implementation of views will eliminate the need for mining nodes to store the full blockchain.
Finally, the side plane has been proposed by the authors of the aforementioned research paper. This plane represents the idea of off-chain transactions whereby the concept of payment or transaction channels is used to offload the processing of transactions between participants but is still backed by the main Bitcoin blockchain. ...