On-chain scaling to potentially ~500 tx/sec through mass tx validation

[kladkogex]

I wonder if this is similar to what I proposed sometime ago ;-)) I did not have zksnarks in it though )

Plasma Cash without any blockchain at all

It seems that if coins are indivisible/immutable, then one can have Plasma Cash as a simple Merkle tree without having any blockchain. The reason for this is that since the coins are immutable, there is no need for global transaction ordering/consensus. For a particular coin you only need its history and other coins are irrelevant. Therefore, a blockchain may be an overkill Here is a quick sketch of how this could work - comments are welcome Each coin-chain is a linked list of ECDSA sig…