Ethereum ‘Verge’ Upgrade To Simplify Running Nodes On Phones And Wearables
25 Outubro 2024 - 4:00AM
NEWSBTC
In a post published on October 23, Ethereum (ETH) co-founder
Vitalik Buterin shared details about ‘The Verge’ upgrade, which
aims to make it easier to run validator nodes. New Ethereum Upgrade
To Make Running Nodes Easier Buterin highlighted several issues
currently facing the Ethereum network, particularly the high
resource requirements needed to run Ethereum nodes. Related
Reading: Ethereum Demand Driven By Use In On-Chain Applications,
Token Transfers: CoinShares According to research from Paradigm, an
Ethereum client needs to store “hundreds of gigabytes of state
data” to verify transaction blocks. Further, this data requirement
increases by almost 30 GB every year, leading to fewer entities
being able to run validator nodes. Through ‘The Verge’ upgrade,
running nodes can be made more accessible and less
resource-intensive by leveraging two key innovations – stateless
clients and cryptographic SNARKs (Succinct Non-interactive
Arguments of Knowledge). The uninitiated, stateless clients
function as fully-verifying nodes without the intensive hardware
requirement associated with typical Ethereum blockchain
clients. Specifically, stateless clients only need a few
gigabytes of storage, in contrast to the current requirement of
over 1 terabyte (TB), which makes running a full node considerably
resource-intensive. Buterin posits that stateless verification will
“make fully-verifying the chain so computationally affordable that
every mobile wallet, browser wallet, and even smart watch is doing
it by default.” By reducing storage needs, stateless clients can
democratize network participation, lowering entry barriers –
especially for solo stakers – and enabling more entities to secure
and validate transactions on the Ethereum network. Buterin
Encourages Solo-Staking By Lowering Requirements Buterin has
recently emphasized the importance of making Ethereum solo staking
more accessible by lowering entry barriers, such as the minimum
amount of ETH required to stake and reducing bandwidth demands.
Related Reading: Ethereum Proposal EIP-7781 Promises Network
Performance Boost – Here’s What To Expect Additionally, Buterin
discussed the advantages of SNARKs in strengthening cryptographic
verification and defending against the potential threat of quantum
computing. SNARKs are sophisticated cryptographic proofs that
enable users to verify blockchain data without downloading all its
data. “Download some data, verify a SNARK, done,” Buterin
summarizes. In the detailed blog post, Buterin also shed
light on the Ethereum Improvement Proposal (EIP) 4762, which deals
with stateless gas cost changes in the context of stateless
verification. EIP-4762 seeks to adjust gas fees for
resource-intensive cryptographic operations to maintain Ethereum
network scalability and security. The proposal also introduces
‘multidimensional gas’, which charges different gas fees for call
data, computation, and state access functions. Ethereum’s native
token, ETH, has attracted increased institutional interest as the
smart contract platform’s adoption grows. A recent survey shows
that nearly 70% of institutional investors are involved in ETH
staking. Despite the overall bullish outlook for Ethereum’s future,
this optimism has not yet translated into significant price
movement for ETH. Nevertheless, long-term ETH holders remain
confident in the token’s long-term potential. At the time of
writing, ETH is trading at $2,526, up 1.7% in the past 24 hours.
Featured image from Unsplash, Chart from Tradingview.com
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