The zero-knowledge proofs still provide the advantage that historical state doesn't need to be kept by anybody: if news of a better chain tip comes along (including while bootstrapping), it'll come with a recursive proof of its validity, whereas with Bitcoin et al. it'd need to check if it's building on a valid block (and thus keep at least the hashes of previous blocks).
Do you know anything of how Mina would handle things that need to exist in the public state of a blockchain, but which cannot be learned from the 22KB proof—for instance, DeFi smart contracts? For something like a DeFi DEX to be useful, it's not enough to know that specific operation succeeded. It has to be possible for anyone to invoke the operation themselves, and that means that the state of the smart contract, and the contract's executable code, need to be publicly known.
> that means that the state of the smart contract, and the contract's executable code, need to be publicly known.
Yes, they would need to be separately distributed somehow. But I think this is similar to how Ethereum contracts typically have their source code (and by extension ABI) uploaded to Etherscan, without which they'd be difficult to interact with.
> Do you know anything of how Mina would handle things that need to exist in the public state of a blockchain, but which cannot be learned from the 22KB proof—for instance, DeFi smart contracts?
A good rule of thumb is that Mina full nodes behave like other blockchains' light clients that just happen to sync quickly & trustlessly. I am not an expert on smart contracts, but I think in practice, a Mina DEX would probably work something like this:
- You visit minaswap.io or whatever (or a copy on IPFS). The static page includes a copy of the contract's interface.
- The page tries to call a hypothetical Mina browser extension running a full node in the background. If it's installed, it uses it; otherwise, it downloads & runs a Mina full node compiled to WASM as a "polyfill".
- As the WASM node syncs & verifies the latest block's proof, it asks someone for the contract's current state and the Merkle path to it within the block.
- Once the node has synced, it verifies the contract's data is actually in the Merkle tree using the given path. Now we know the interface & state of the contract and that's all we have to keep locally.
Also: although block producers don't necessarily have to, provers always keep a copy of the current ledger state (see my above comment; sorry if my first comment was a bit misleading). This would include smart contracts' state (but not their code). If you run one of these nodes, it knows every contract's state, which should still be small compared to Ethereum as so much can be done off-chain.