Vitalik Buterin Reveals Next Stages for Ethereum in Effort to Streamline and Simplify the Protocol

  • Vitalik Buterin has introduced “The Purge”, a plan to streamline Ethereum by reducing data accumulation and removing outdated components, aiming to enhance network efficiency.
  • The initiative seeks to address Ethereum’s “state permanence” issue, where data remains stored indefinitely, leading to continuous data growth.
  • The Purge is complemented by the recent Verge update, which introduces “stateless verification” to lower hardware requirements, allowing devices with limited storage, like mobile wallets, to join the network.

Ethereum co-founder Vitalik Buterin has outlined “The Purge”, a new phase in Ethereum’s development to reduce data accumulation and refine the network’s efficiency. 

Buterin outlined the initiative in his latest blog post, in which he focuses on removing outdated components and optimising protocol functions, all while preserving the blockchain’s historical integrity. 

Related: Vitalik Buterin Calls for Decentralisation of Proof-of-Stake as Ethereum Faces “Biggest Risk”

What’s the Purge All About?

The Purge’s goals include improving node performance and reducing operational strain, but it’s not expected to directly impact Ethereum’s gas fees (it seems like nothing ever will at this point). 

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Let’s provide some context first: one of the most challenging issues Ethereum faces is “state permanence”, where every piece of state data remains stored on the network indefinitely, continually expanding its data size. 

The Purge proposes a novel approach called “partial state expiry”, which would allow less-used data to expire temporarily but remain accessible through cryptographic proofs if needed later. This strategy aims to prevent indefinite data buildup while ensuring essential information remains accessible as required.

Source: Vitalik Buterin

In addition to data management, Ethereum is advancing towards “stateless verification” with its recent Verge update, which seeks to make node operations more secure and accessible—even on devices with minimal storage like mobile wallets and smartwatches. 

This verification method minimises hardware needs, enabling a broader range of devices to participate in the Ethereum network without substantial data storage.

Buterin’s Vision And Ethereum’s Price

All in all, through The Purge and The Verge, Buterin’s roadmap envisions an Ethereum network with more streamlined storage and lower technical barriers, enhancing accessibility and performance for users across different devices. 

While gas fees might not be directly affected, the changes introduced by the Purge mark a significant step toward Ethereum’s evolution into a more efficient and inclusive blockchain network.

The Merge, The Purge, The Verge… keeping up with these names can be tiresome. What’s clear is that The Price of Ethereum is not moving up. It’s actually down over 8% in the last 30 days and has been stagnant for several months now.

Related: Avalanche Foundation Launches New Visa Card for Seamless Crypto Spending

ETH monthly chart. Source: CoinMarketCap

28.10.2024
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