A space efficient algorithm is a computational procedure designed to minimize the amount of memory or storage space it requires to operate. Such algorithms prioritize reducing memory consumption, which is particularly important in environments with limited resources or when processing very large datasets. Their efficiency is measured by how memory usage scales with the input size.
Context
In blockchain technology, space efficient algorithms are critical for maintaining the lean operation of nodes and enabling scalable solutions. They are vital for cryptographic proof systems, where compact proofs and minimal on-chain data storage are paramount. Ongoing research in zero-knowledge proofs and data compression techniques heavily relies on developing algorithms that optimize space usage for network efficiency.
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