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There are already thin client wallets. These connect to "blockchain servers" and grab the relevant transactions for your accounts from those. You still maintain
by shtylman 14y ago
There are already thin client wallets. These connect to "blockchain servers" and grab the relevant transactions for your accounts from those. You still maintain control of your address(es) and thus your funds. No need to download the whole blockchain. That is really only needed for those that _want_ to or those that run services. The point is that you _can_ be a full participant in the network if you want.
- deleted 14y ago[deleted]
- pixie_ 14y agoThe blockchain servers are what I'd call future banks. Hopefully in the future they would create 'unused output trees' periodically that clients would download and verify the validity by asking multiple independent banks.
- shtylman 14y agoI don't really think of them as banks since they don't have access to your private keys (and thus your coins).
- pixie_ 14y agoA bank to me is a trusted institution that facilitates financial transactions. Having your private key would not be a requirement for a bitcoin bank.
- shtylman 14y agoI was going by the actual definition of a bank. Things like swipe facilitate transactions but are not banks. Facilitating a transaction does not make it a bank.