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They only store outstanding UTXOs, not the whole transaction history


> This means that the Grin blockchain scales with the number of users (unspent outputs), not the number of transactions. At the moment, there is one caveat to that: a small piece of data (called a kernel, about 100 bytes) needs to stay around for each transaction. But we're working on optimizing that as well.

https://github.com/mimblewimble/grin/blob/master/doc/grin4bi...




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