Can we just split the Ledger to reduce its size and cost of running full node?

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If we take a snapshot of the ledger today, can we just record where all the bitcoins are at a certain point and erase everything from before (that way everything is properly accounted for) and just do that whenever the ledger gets too big? I'm not a technical guy but just wondering why the entire ledger needs to be saved on full nodes if we can just take a snapshot to record the fair balances on all addresses.

submitted by /u/healingpainterr
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1 Bitcoins

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