I am fascinated by a recent fact I was reading: Succinct Circuits are simple machines used to descibe graphs in exponentially less space, which leads to the downside that solving a problem on that graph, which is NP-complete, is NEXPTIME-complete.
I have two concrete questions:
1) Are there more examples where one can trade an smaller space/memory representation for a slower algorithm? Is there a specific term for this tradeoff?
2) Are there examples where the opposite can be achieved, namely having an exponentially faster algorithm given an exponentially larger encoding of the problem?