Systems and methods of launching new nodes in a blockchain network

A system of launching new nodes in a blockchain network, the system comprising:

• a hardware processor configured to:
• generate a snapshot of a node participating in a blockchain network and storing the snapshot in an archive, wherein the snapshot comprises a blockchain;
• generate a respective snapshot for each respective node participating in the blockchain network;
• compare the snapshot with each respective snapshot to determine whether the blockchain on the snapshot matches more than a threshold number of blockchains on the respective snapshots;
• and
• in response to determining that the blockchain on the snapshot matches more than the threshold number of the blockchains on the respective snapshots, select the snapshot for loading onto a new node;
• receive a request to create the new node to participate in the blockchain network;
• retrieve, from the archive, the snapshot of the node in the blockchain network;
• create the new node and loading the snapshot onto the new node such that the blockchain comprised in the snapshot is imported without individually downloading or verifying blocks in the blockchain;
• and
• synchronize the new node with changes that occurred on the blockchain subsequent to the generation of the snapshot.

A non-transitory computer readable medium storing thereon computer executable instructions for launching new nodes in a blockchain network, including instructions for:

• generating a snapshot of a node participating in a blockchain network and storing the snapshot in an archive, wherein the snapshot comprises a blockchain;
• generating a respective snapshot for each respective node participating in the blockchain network;
• comparing the snapshot with each respective snapshot to determine whether the blockchain on the snapshot matches more than a threshold number of blockchains on the respective snapshots;
• and
• in response to determining that the blockchain on the snapshot matches more than the threshold number of the blockchains on the respective snapshots, selecting the snapshot for loading onto a new node;
• receiving a request to create the new node to participate in the blockchain network;
• retrieving, from the archive, the snapshot of the node in the blockchain network;
• creating the new node and loading the snapshot onto the new node such that the blockchain comprised in the snapshot is imported without individually downloading or verifying blocks in the blockchain;
• and
• synchronizing the new node with changes that occurred on the blockchain subsequent to the generation of the snapshot.