Presentation: Blockchain Data Growth, State Rent and Nervos Approach


Problem Statement

What if for a one-time fee, you could store data indefinitely on a public database replicated on thousands of computers across the world? From a buyer’s perspective, this is a pretty good deal.

This is offered by today’s public blockchains. We are not talking about large amounts of data, but once a transaction is sent and the fee is paid, all blockchain nodes store this data indefinitely.

Though no compensation is provided to node operators, a robust network of decentralized nodes is essential for security, protecting the network as a whole from DoS or censorship attacks.

As the blockchain supports more users, the operating cost of a node grows, less nodes are run, and security is reduced. This is the classic ‘tragedy of the commons’: benefits to individuals reduce benefits to all.

In this presentation, we will discuss the problems caused by an ever-growing blockchain, currently proposed solutions in ETH 1.x and how this challenge addressed in Nervos.



Reading Materials


Smart Contract Platforms Have to be Store of Value

Crypto-economic Design for a Preservation Focused Layer 1 Blockchain

Token Economics Design Whitepaper: Crypto-Economics of the Nervos Common Knowledge Base




Deck File One: Blockchain Data Growth and State Rent

Deck File Two: Nervos Approach


Blockchain Data Growth and State Rent

Nervos Approach

Project Details

Nervos: Layer1 for Layer2


Matt Quinn

Matt has run blockchain educational meetups for the last 2+ years. As one of the founders of the Starfish community, he is focused on supporting people and open-source projects with informative blockchain events, outreach and writing.

Kevin Wang

Co-founder of Nervos and Token-economics researcher

Co-founder of Launch School, an online developer education platform. Kevin comes from an engineering background and previously worked on enterprise data solutions at IBM Silicon Valley Lab.

Twitter, LinkedIn

Event Photos

Event: 6/7 Crypto Friday Night With Happy Hour!(Closed)