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MIOTA · 205w

How is the balance of an address checked in IOTA?

Hey guys! To calculate the final balance for a particular address in Bitcoin, you can iterate through every transaction (inputs/outputs) that the address was ever involved, starting from the beginning of the blockchain (genesis block). From what I understood, nodes in IOTA are only storing a snapshot of the tangle. So how is the balance of an address calculated when the whole history of an address is not recorded?
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