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Why the need to download the whole block chain history?

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by COINS NEWS 5 Views

Why don't bitcoin nodes produce snapshots of their current utxo database, so that a new node does not have to download everything first? What is the size of the current utxo database? Small block proponents gave up cheap transactions in order to keep the blockchain small, but this argument seems bogus.

submitted by /u/bunky_bunk
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