Status of Assets in case of Time Partition of Blockchains

Question

Based on your response above : So I think the best strategy for dealing with data growth, if it goes beyond the storage capacity of the participants, is to partition by time. In other words, start a new blockchain every year, or two or ten, and close down the old ones, archiving their data away.

What will happen to the assets at each address, do we recreate the assets in the new blockchains being started,  with the current status/values/balances from each blockchain being shut down.

Answer 1

There are a number of ways you could handle it. The most natural is probably for the asset issuer to provide a service whereby they can be sent their assets on the old chain and they issue a replacement on the new chain, to the same address from which they received them. Anyone else could provide this service as well, if they are trusted. There is also the possibility of doing this with atomic cross-chain transactions, if it fits your trust model better: https://en.bitcoin.it/wiki/Atomic_cross-chain_trading