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MIT researchers have created a cryptocurrency that reportedly requires less data storage than Bitcoin and Ethereum.
Researchers at the Massachusetts Institute of Technology (MIT) have reportedly developed a cryptocurrency that needs transaction-verifying nodes to store 99 percent less data when compared to Bitcoin (BTC). The development was reported on Jan. 23 in a post on the MITNews Blog.
The cryptocurrency in question is dubbed Vault and will be presented at the Network and Distributed System Security Symposium (NDSS) next month. According to the aforementioned post, the cryptocurrency “lets users join the network by downloading only a fraction of the total transaction data.”
Vault also reportedly deletes empty accounts and permits the verification of transactions employing only the most recent transaction data.
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