Achieving Almost All Blockchain Functionalities with Polylogarithmic Storage

In current blockchain systems, full nodes that perform all of the available functionalities need to store the entire blockchain. In addition to the blockchain, full nodes also store a blockchain-summary, called the \emph{state}, which is used to efficiently verify transactions. With the size of popular blockchains and their states growing rapidly, full nodes require massive storage resources in order to keep up with the scaling. This leads to a tug-of-war between scaling and decentralization sin...