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+From: Sjors Provoost <sjors@sprovoost.nl>
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+Subject: Re: [bitcoindev] Removing checkpoints in Bitcoin Core v30
+Date: Mon, 28 Apr 2025 18:25:39 +0200
+References: <F8E9B25A-5198-4A5E-B3D7-9DAD6B709825@sprovoost.nl>
+To: Bitcoin Development Mailing List <bitcoindev@googlegroups.com>
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+
+Note that my original mail was written in a hurry and does not provide a fu=
+ll overview of the arguments for and against checkpoints. Perhaps this thre=
+ad can serve as a collection point for the various historical discussions t=
+hat were had on this topic.
+
+In the context of BIP30 [0] Eric Voskuil brought up performance:
+
+> The top checkpoint is consensus for over 11 years and materially reduces=
+ the validation cost of 295,000 blocks.
+
+I don't think performance should be a consideration when removing checkpoin=
+ts.
+
+Afaik checkpoints were not introduced as a performance feature, but rather =
+as a DoS vulnerability fix.
+
+Even if they were, imo they shouldn't be used for performance enhancement, =
+as it creates a temptation to add more - although Eric clearly says:
+
+> I would never advocate for adding more
+
+But perhaps someone else would fork Bitcoin Core (or Libbitcoin) and start =
+with honest checkpoints, in order to gain adoption due its excellent perfor=
+mance - especially when combined with a UTXO snapshot. And then suddenly it=
+ has an "upgrade".
+
+But even if this wasn't a concern, the performance benefit of the latest ch=
+eckpoint from 2014 is just very small. That's because the early blocks don'=
+t have that many signatures to check. The first 5 years of Bitcoin represen=
+t only 3% of all historical transactions.
+
+On an M4 MacBook I did an IBD up to the last checkpoint at height 295,000. =
+This took 17.5 minutes.
+
+I then ran it again with -assumevalid=3D0, i.e. checking all signatures, wh=
+ich took 18 minutes.=20
+
+These times are from connecting the first block until connecting block 295,=
+000. They exclude the 1.5 minutes spent on the header pre-sync mechanism, w=
+hich is required to operate safely with or without (new) checkpoints. In bo=
+th cases I used -dbcache=3D3000 to avoid UTXO set disk I/O.
+
+The difference is 30 seconds, but let's round that up to 1 minute because m=
+y setup isn't a clean lab.
+
+A full IBD takes at least 5 hours on this machine, so the benefit is roughl=
+y 0.3% (unless we add another checkpoint).
+
+Loading a UTXO snapshot at the checkpoint height, without doing background =
+validation of historical blocks, might get us an additional 15 minute speed=
+up, which is still only 5%.
+
+Libbitcoin would probably find a different ratio, as might a machine with s=
+evere CPU limitations, but I suspect it will be equally negliable. And with=
+out new checkpoints the ratio keeps going down over time.
+
+Note that -assumevalid doesn't need checkpoints, it just falls back to more=
+ slow validation if there is a major reorg (but perhaps sub catastrophic). =
+Its performance benefit for the present day blockchain should be much highe=
+r than what I found here.
+
+That said, I've never been a fan of -assumevalid conceptually. Hopefully it=
+ can be replaced by something like AssumeUTXO + SwiftSync [1] for the backg=
+round with full validation using block Undo data.
+
+- Sjors
+
+[0] https://gnusha.org/pi/bitcoindev/E8225EAC-BED8-4840-8E3D-81A55C365209@v=
+oskuil.org/T/#mf3d290b70bae822cf31a683439ca8dbaed443e42
+[1] https://gnusha.org/pi/bitcoindev/CAPv7TjaM0tfbcBTRa0_713Bk6Y9jr+ShOC1KZ=
+i2V3V2zooTXyg@mail.gmail.com/
+
+--=20
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+