Method and system for optimizing blockchain parsing using a wallet's static characteristics

A system for optimized validation of a blockchain transaction through the use of a parallel database and date management, comprising:

• a blockchain network;
• a computing device;
• a plurality of additional nodes included in the blockchain network;
• and
• a blockchain node in the blockchain network, where the blockchain node includes
• a receiver receiving a new blockchain transaction, the new blockchain transaction including at least a digital signature for a first blockchain wallet, one or more unspent transaction outputs, a destination address for a second blockchain wallet, and a transaction amount,
• a processor
• identifying a target data value stored in a parallel database, where the target data value is associated with the first blockchain wallet and includes a target date,
• identifying a subset of blocks in a blockchain managed by the blockchain network, where the subset of blocks includes each block in the blockchain that includes a block header including a timestamp after the target date, and
• validating the new blockchain transaction by validating at least the one or more unspent transaction outputs based on blockchain data values included in the identified subset of blocks, and
• a transmitter, wherein
• if validation of the new blockchain transaction is successful the processor of the blockchain node generates a new block including a new block header and one or more new data values, the one or more new data values including the new blockchain transaction, and the transmitter of the blockchain node transmits the new block to a plurality of additional nodes in the blockchain network, or
• if validation of the new blockchain transaction is unsuccessful the transmitter of the blockchain node transmits a notification message to a computing device indicating the unsuccessful validation of the new blockchain transaction.