(cross-post from the mailing list)
I've implemented a new block/transaction validation system for the reference client, called "ultraprune".
Traditionally, pruning for bitcoin is considered to be the ability to delete full transactions from storage once all their outputs are spent, and they are buried deeply enough in the chain. That is not what this is about.
Given that almost all operations performed on the blockchain do not require full previous transactions, but only their unspent outputs, it seemed wasteful to use the fully indexed blockchain for everything. Instead, we keep a database with only the unspent transaction outputs. After some effort to write custom compact serializations for these, I could reduce the storage required for such a dataset to less than 70 MB. This is kept in a BDB database file (coins.dat), and with indexing and overhead, and takes around 130 MB.
Now, this is not enough. You cannot have a full node wit just these outputs. In particular, it cannot undo block connections, cannot rescan for wallet transactions, and cannot serve the chain to other nodes. These are, however, quite infrequent operations. To compensate, we keep non-indexed but entire blocks (just each block in a separate file, for now), plus "undo" information for connected blocks around in addition to coins.dat. We also need a block index with metadata about all stored blocks, which takes around 40 MB for now (though that could easily be reduced too). Note that this means we lose the ability to find an actual transaction in the chain from a txid, but this is not necessary for normal operation. Such an index could be re-added later, if necessary.
Once you have this, the step to pruning is easily made: just delete block files and undo information for old blocks. This isn't implemented for now, but there shouldn't be a problem. It simply means you cannot rescan/reorg/server those old blocks, but once those are deep enough (say a few thousand blocks), we can tolerate that.
So, in summary, it allows one to run a full node (now) with:
- 130 MB coins.dat
- 40 MB chain.dat
- the size of the retained blocks, +12% of that for undo information.
Oh, it's also faster. I benchmarked a full import of the blockchain (187800 blocks) on my laptop (2.2GHz i7, 8 GiB RAM, 640 GB spinning harddisk) in 22 minutes. That was from a local disk, and not from network (which has extra overhead, and is limited by bandwidth constraints). That is with some tweaking though.
If people want to experiment with it, see my "ultraprune" branch on github: https://github.com/sipa/bitcoin/tree/ultraprune
Note that this is experimental, and has some disadvantages:
- you cannot find a (full) transaction from just its txid.
- if you have transactions that depend on unconfirmed transactions, those will not get rebroadcasted
- only block download and reorganization are somewhat tested; use at your own risk
- less consistency checks are possible on the database, and even fewer are implemented
Also note that this is not directly related to the recent pruning proposals that use an alt chain with an index of unspent coins (and addresses), merged mined with the main chain. This could be a step towards such a system, however.