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In his latest article entitled “Possible futures of the Ethereum protocol, part 4: The Verge”, published on October 23, 2024, Vitalik Buterin, co-founder of Ethereum, explores the potential future development of the Ethereum protocol. This article focuses on “The Verge”, a key phase of Ethereum’s plan to improve the efficiency and verifiability of the crypto network.
Crypto: Vitalik Buterin Reveals “The Verge”
One of The Verge’s main goals is to support stateless clients. This approach could significantly reduce the storage requirements for full validation clients and staking nodes to just a few gigabytes. This would allow more participants to independently verify the chain, thereby enhancing the decentralization and security of the crypto network.
Vitalik Buterin also emphasizes the importance of making Ethereum more accessible to individual cryptocurrency validators. By reducing the resources required to run a node, “The Verge” could encourage more people to join the network, thereby increasing the resilience and robustness of the blockchain.
In addition, “The Verge” aims to improve the scalability of Ethereum. By optimizing how data is stored and processed, this phase could enable faster and more efficient crypto-transactions that meet the growing needs of users and developers.
Challenges to overcome!
Vitalik Buterin also highlights the technical challenges associated with this transition. Implementing stateless clients requires significant innovation in the way cryptographic data is managed and verified. However, he remains optimistic that the Ethereum community will be able to overcome these obstacles and realize this ambitious vision.
In short, “The Verge” represents a major step in the evolution of Ethereum. By reducing storage requirements, improving scalability, and making the network more accessible, this phase could transform Ethereum into an even more decentralized and efficient crypto platform. Future developments in this area will be crucial in determining the direction Ethereum will take in the coming years.
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The world is evolving and adaptation is the best weapon to survive in this wavy universe. Essentially a crypto community manager, I am interested in anything directly or indirectly related to blockchain and its derivatives. To share my experiences and raise awareness of a field that fascinates me, there is nothing better than writing articles that are both informative and relaxing.
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.