Vitalik Buterin’s latest vision, “The Purge,” explores ways to reduce Ethereum’s data and storage demands. In recent weeks, Buterin has outlined several “pathways” for Ethereum’s future.
Ethereum co-founder Vitalik Buterin has been exploring the possibility of overhauling blockchain to address its growing data storage and technical complexity.
In this fifth iteration, called “Purge,” Buterin looks at ways to streamline Ethereum’s infrastructure by reducing the data load on network nodes.
Purging limits the amount of historical data that each node must store and moves old data to the peer-to-peer network for easier access.
Another core idea is to reduce burden by letting inactive accounts and contracts expire.
Buterin said in the post that preserving Ethereum requires “reducing complexity and bloat over time” as it matures and aims for long-term viability.
ethereum futures
Over the past two weeks, Buterin has outlined a broader vision for Ethereum’s future through a series of proposals that address some of the blockchain’s most enduring challenges.
“The Merge” upgrade, which went live in September 2022, moves Ethereum to proof-of-stake consensus for stability and accessibility for solo stakers, with goals such as improved resistance to 51% attacks. I focused on that.
“The Surge” aims to increase transaction throughput by integrating layer 2 scaling, achieving more than 100,000 transactions per second.
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“The Scourge” focuses on the issue of centralization risk within Ethereum’s staking and block construction process. The proposal proposes reducing reliance on large stakers to prevent censorship of transactions and extortion of high prices from users.
Finally, “The Verge” addresses the feasibility of running a complete verification node by considering stateless client technology and computationally affordable verification. This could potentially allow mobile and wearable devices to participate in Ethereum consensus as well.
Through these proposals, Buterin explores multiple avenues to ensure Ethereum’s scalability, security, and accessibility while addressing the challenges associated with growth.
Each “future” indicates possible upgrades, but it depends on extensive research and feedback from the community.
Virtual currency market trends
Bitcoin is trading at $67,130, up 0.1% in the past 24 hours. Ethereum rose 0.3% to trade at $2,477.
what we are reading
Tether CEO calls criminal investigation report “old noise”, causing Bitcoin to fall — DL News
What needs to happen for altcoins to finally get pumped: Report — Unchained
From smuggling gold from Africa to bridging Bitcoin and Cardano — CoinDesk
Hackers return $19 million in stolen cryptocurrencies to the U.S. government just one day after the breach — DL News
Kyle Baird is DL News’ weekend editor. Any tips? Email kbaird@dlnews.com.
