Event sourcing is a design pattern for retaining an exhaustive history of events such that the state of the system now (or at some point in the past) can be derived by a replay of those events. The goal of event sourcing is to derive the current system state from the combination of past events with current application logic such that changes to logic are applied retrospectively and become implicitly reflected in the current system state.
Conceptually, event sourcing only requires a single chronological log to record every event about every entity and a primary key generator for creating primary keys for new entities. Furthermore, in extremis, application state need never be persisted since it can always be recreated – you can think of this as lazy evaluation of system state. You can find a thorough discussion of event sourcing here.
There may appear to be analogies here to audit logs and write-ahead logging in databases; but closer inspection shows that an audit log only provides a history of events for a known system state; and a write-ahead log provides a limited history of recent changes which is retained only until the whole system state can be reliably persisted.
In principle, a relational database could apply an event sourcing design pattern such that every definition command, every insert, every update and every delete statement is recorded as an autonomous event so that the state of a row is recreated by replaying all of the events related to it. Of course, it is time consuming and inefficient to reconstruct everything from first principles for every query and therefore databases retain current state to avoid the reconstruction costs. Indeed, reconstruction of system state typically only occurs at database start-up when system state is recovered from any pending write-ahead or recovery logs. Hopefully, a database doesn’t expect to change its internal processing logic that frequently, so any potential advantages are enormously outweighed by the disadvantages of a wholly lazy evaluation.
While more volatile applications may choose an event sourcing pattern to effect a robust delivery environment for rapidly evolving requirements, performance considerations will often dictate a hybrid approach whereby current system state is recreated by applying recent events (rather than all events) to recent system state (rather than an empty state).
We also have to be careful to understand what an event is. Simply recording a change in state (such as a new attribute value) is not really event sourcing; whereas recording the cause (such as a command) that gave rise to that change is. While the latter allows system state to be fully revised according to changes in application logic; the former only allows us to recreate state at any given point in time – yet this is still very useful within a database for the purposes of auditing and analytics.
Much like Memento (the film), which offers a delightfully ambiguous interpretation of reality, event sourcing allows a new reality to be created simply through an alternative interpretation of events – but, thankfully, databases are expected to hold a more definitive view of their world.

