🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

Ethereum Future, Vitalik Buterin Breaks Silence on 'The Purge'

Published 26/10/2024, 14:15
© Reuters Ethereum Future, Vitalik Buterin Breaks Silence on \'The Purge\'
ETH/USD
-
ETH
-

U.Today - Ethereum co-founder Vitalik Buterin has shared insights on the last phase in the protocol’s future enhancement dubbed "The Purge." After sharing details on the other three enhancements, The Merge, The Scourge and The Surge, Buterin noted that without The Purge, the mainnet’s complexity over time might negate the improvements implemented.

The Purge: Curbing Ethereum's complexity and bloat

Per the note shared on The Purge, Vitalik Buterin highlighted two ways Ethereum data storage can become congested over time.

These include historical data, which comprises any transaction made and any account created, all of which need to be stored forever. This data is downloaded by new clients making a full synchronizing with the network. This sync causes client load and sync time to grow, impacting the chain in the future.

In addition, the protocol’s features, especially the removal of old data, is complex and causes code complexity to grow over time. In Vitalik Buterin’s opinion, it is very important to ensure protocol continuity by removing these complexities linked to data storage.

He proposed two major solutions for this to happen, including the introduction of an existing torrent library. These challenges could also be solved with an Ethereum-native solution called The Portal Network. He said if either of these two solutions is introduced, Ethereum can easily turn on EIP-4444.

Ethereum setting new standard

Different blockchain protocols face the same issues but have unique means of solving them. Ethereum is the pioneering smart contract chain in the industry. Its move from proof of work to proof of stake through The Merge is considered one of the most ambitious upgrades in history.

While it is still working hard to solve gas fees issues on the mainnet, it has enhanced fees on its Layer-2 protocols through the Dencun upgrade. As Vitalik Buterin revealed in the previous episodes of Ethereum future, the central idea now lies in making the protocol accessible to everyone, even on mobile.

Ultimately, the innovators on Ethereum are working hard to ensure its target upgrades can continue to keep the main chain sustainably operational.

This content was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.