Posts tagged Accumulator
Utreexo: A dynamic accumulator for Bitcoin state - A description of research by Thaddeus Dryja

One of the earliest-seen and most persistent problems with Bitcoin has been scalability.  Bitcoin takes the idea of "be your own bank" quite literally, with every computer on the bitcoin network storing every account of every user who owns money in the system.  In Bitcoin, this is stored as a collection of "Unspent transaction outputs", or "utxo"s, which are somewhat unintuitive, but provide privacy and efficiency benefits over the alternative "account" based model used in traditional finance.

Read More