Mining in Logmarithmic Space#
NIPoPoWs enable smart contracts to maintain historical data so that new light miners can work in a so-called online fashion. This is the main idea of Logarithmic Space Mining. Instead of saving all the blockchain data locally on nodes, the unnecessary part can be compiled into the blockchain itself. New miners do not need to carry the historical data, and as they continue to mine, new light miners will help other light miners bootstrap. There will be no need to carry old historical data, and old miners can abandon historical data for lighter mining. This is how the whole miner population can abandon old blocks and make the system much more efficient.
This protocol is the first to achieve always secure, always succinct, and online Non-Interactive Proofs of Proof-of-Work, all necessary components for a logarithmic space mining scheme.
In this video, Dionysis Zindros explains gives a detailed rundown of what Non-Interactive Proofs of Proof-of-Work truly are. Furthermore, Dionysis evaluates the operation, implementation, and impact that his primitive delivers upon.
Miners must constantly maintain the blockchain, whether it is Ergo, Bitcoin, or another PoW consensus model. In addition to using computational resources, miners also use storage resources that maintain all blockchain data from the genesis block.
A new miner's problem: Is downloading all the data from the genesis block strictly necessary? Why is it not possible to download only the most relevant blocks to maintain the network?
The block headers of the blockchain should be enough to access the necessary data. NIPoPoWs (Non-Interactive Proofs of Proof of Work) can be integrated to form interlinked block header sets that will reduce historical data storage.
When needing to access key blocks in the blockchain, miners should be able to do this from the headers of the old blocks efficiently. That is because each new block must indicate all of the current networks. As new blocks are created, a set of new block headers can be enough to check for the current UTXO set. Since the new blocks contain the data of old stringed block header sets, it enables light mining by eliminating the need to download all the blockchain data.
What are we trying to optimise by stringing old PoW history and compiling it into a snapshot?
If we say
C=old blocks and
K=new blocks, then included blocks in the snapshot can be growing when
K=new blocks are constant, and
C=old blocks are linear. But it can also be shrinking depending on the smart contract applications. The problem of maintaining heavy loads of data by the miners can be solved by bootstrapping through NIPoPoWs.
Instead of accessing all of the blocks, superblocks (or light-clients) are enough to verify all of the blocks. This is accomplished by maintaining the historical data of the blockchain through smart contracts. The introduction of these superblock clients on NIPoPoWs can be done via 'velvet' or soft forks, and after that "light" miners can bootstrap through "online" mining.