• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer
Wednesday, October 23, 2024
CryptoBangs.com
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
CryptoBangs.com
No Result
View All Result

Vitalik Buterin outlines how Ethereum’s Verge can bring blockchain nodes to smartwatches

October 23, 2024
in Ethereum
Reading Time: 2 mins read
A A
Vitalik Buterin outlines how Ethereum’s Verge can bring blockchain nodes to smartwatches
ShareShareShareShareShare

Related articles

Ethereum ETFs face rocky start but retain strong growth potential affirms Bitwise CEO

Ethereum ETFs face rocky start but retain strong growth potential affirms Bitwise CEO

October 21, 2024
OpenAI GPT 4o ranked as best AI model for writing Solidity smart contract code by IQ

OpenAI GPT 4o ranked as best AI model for writing Solidity smart contract code by IQ

October 21, 2024
Receive, Manage & Grow Your Crypto Investments With Brighty

Ethereum co-founder Vitalik Buterin has laid out further plans to improve the blockchain’s Proof-of-Stake (PoS) system through a new upgrade called “The Verge.”

In a blog post published on Oct. 23, Buterin explained that while running an Ethereum node is technically possible on a standard laptop, the current system’s data requirements make it impractical for many users.

Operating a node demands hundreds of gigabytes of data to verify blocks, and this data grows by about 30 GB each year. These high storage needs restrict the number of users who can run fully verifying nodes on Ethereum.

Buterin’s proposed Verge update addresses this challenge by introducing “stateless client verification,” which allows devices to validate blockchain data without storing the entire dataset locally.

He explained:

“The Verge is about changing this, and making fully-verifying the chain so computationally affordable that every mobile wallet, browser wallet, and even smart watch is doing it by default.”

The Verge

Initially, “The Verge” focused on adopting Verkle trees, a data structure that facilitates more compact proofs and enables the stateless verification of Ethereum blocks.

However, the scope has since broadened. The update now aims to make Ethereum verification more resource-efficient by combining stateless validation techniques and advanced cryptographic proofs like SNARKs (Succinct Non-Interactive Arguments of Knowledge).

SNARKs allow one party to prove they hold certain information without disclosing the details, making it possible to verify complex transactions swiftly on-chain. Buterin believes this technology could enable Ethereum’s blockchain to be verified on small devices like smartwatches, expanding the potential for widespread participation in the network.

Stateless verification, in particular, eliminates the need for nodes to store all blockchain data. Instead, each block would include a “witness” containing the essential data and cryptographic proofs needed to validate the block.

This shift toward stateless clients is crucial, as it reduces storage demands and accelerates blockchain performance. This would improve the overall user experience while lowering the barriers to running Ethereum nodes, making solo staking much more accessible.

To implement these changes, Buterin proposes replacing Ethereum’s current state structure, known as the Merkle Patricia tree, with either Verkle trees or STARKed binary hash trees. While STARKs serve a similar function to SNARKs, they offer additional benefits in terms of scalability and security, helping Ethereum overcome some of the limitations of its existing proof systems.

Mentioned in this article

Credit: Source link

ShareTweetSendPinShare
Previous Post

Apecoin (APE) To Surge By 238%: Here’s When

Next Post

UniSwap ($UNI) Token Bull Sentiments Surge, Following Layer-2 Blockchain Announcement

Related Posts

Ethereum ETFs face rocky start but retain strong growth potential affirms Bitwise CEO

Ethereum ETFs face rocky start but retain strong growth potential affirms Bitwise CEO

October 21, 2024

Bitwise CEO Hunter Horsley has explained why he believes recently launched spot Ethereum exchange-traded funds (ETFs) have seen significantly lower...

OpenAI GPT 4o ranked as best AI model for writing Solidity smart contract code by IQ

OpenAI GPT 4o ranked as best AI model for writing Solidity smart contract code by IQ

October 21, 2024

SolidityBench by IQ has launched as the first leaderboard to evaluate LLMs in Solidity code generation. Available on Hugging Face,...

Vitalik Buterin lays down roadmap to minimize centralization risk in Ethereum POS design

Vitalik Buterin lays down roadmap to minimize centralization risk in Ethereum POS design

October 20, 2024

Ethereum co-founder Vitalik Buterin believes that the centralization of proof-of-stake (POS) poses a significant threat to Ethereum. POS centralization is...

North Korea links suspected in $5 million breach of Tapioca DAO

North Korea links suspected in $5 million breach of Tapioca DAO

October 18, 2024

Tapioca DAO, a decentralized money market protocol on LayerZero, suffered a security breach on Oct. 18, causing its native TAP...

Eigenlayer X account hacked taking advantage of platform design to hide scam link

Eigenlayer X account hacked taking advantage of platform design to hide scam link

October 18, 2024

Eigenlayer’s X account has been compromised, prompting a warning from blockchain security firm PeckShieldAlert. Users are urged to avoid clicking...

Load More
Next Post
UniSwap ($UNI) Token Bull Sentiments Surge, Following Layer-2 Blockchain Announcement

UniSwap ($UNI) Token Bull Sentiments Surge, Following Layer-2 Blockchain Announcement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Meme Coins To Watch Today, October 17 – Goatseus Maximus, Cheems, Degen

Trending Meme Coins To Watch Today, October 17 – Goatseus Maximus, Cheems, Degen

October 18, 2024
7 Reasons To Be Bullish On Bitcoin This Week

7 Reasons To Be Bullish On Bitcoin This Week

October 21, 2024
Next 10X Potential Meme Coin ‘FreeDum Fighters’ Launches Presale With High Staking APY

Next 10X Potential Meme Coin ‘FreeDum Fighters’ Launches Presale With High Staking APY

October 20, 2024
IPO Not a “High Priority” Amid Continued Acquisitions and XRP Investments

IPO Not a “High Priority” Amid Continued Acquisitions and XRP Investments

October 18, 2024
Ripple commits $1M to boost crisis aid with blockchain and RLUSD stablecoin

Ripple commits $1M to boost crisis aid with blockchain and RLUSD stablecoin

October 16, 2024
CryptoBangs.com

CryptoBangs.com is an online news portal that aims to share the latest crypto news, bitcoin, altcoin, blockchain, nft news and much more stuff like that.

What’s New Here!

  • Ether ETFs Snag Gains While Bitcoin Funds Realize $79M in Outflows
  • Dogecoin: 80% DOGE Holders In Profit: Can It Hit $0.20?
  • UniSwap ($UNI) Token Bull Sentiments Surge, Following Layer-2 Blockchain Announcement
  • Vitalik Buterin outlines how Ethereum’s Verge can bring blockchain nodes to smartwatches

Newsletter

Don't miss a beat and stay up to date with our Newsletter!
Loading

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer

© 2023 - CryptoBangs.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$67,787.00-1.51%
  • ethereumEthereum(ETH)$2,680.07-1.81%
  • tetherTether(USDT)$1.000.06%
  • binancecoinBNB(BNB)$600.58-0.18%
  • solanaSolana(SOL)$167.692.09%
  • usd-coinUSDC(USDC)$1.000.06%
  • rippleXRP(XRP)$0.550.40%
  • staked-etherLido Staked Ether(STETH)$2,678.38-1.84%
  • dogecoinDogecoin(DOGE)$0.1444772.35%
  • tronTRON(TRX)$0.1585291.26%
  • the-open-networkToncoin(TON)$5.23-1.46%
  • cardanoCardano(ADA)$0.3635970.23%
  • avalanche-2Avalanche(AVAX)$28.00-2.21%
  • Wrapped stETHWrapped stETH(WSTETH)$3,161.66-1.84%
  • shiba-inuShiba Inu(SHIB)$0.000019-2.33%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$67,751.00-1.43%
  • WETHWETH(WETH)$2,677.15-1.86%
  • chainlinkChainlink(LINK)$11.78-0.88%
  • bitcoin-cashBitcoin Cash(BCH)$365.54-0.30%
  • polkadotPolkadot(DOT)$4.40-3.28%
  • uniswapUniswap(UNI)$7.922.65%
  • nearNEAR Protocol(NEAR)$4.84-2.08%
  • daiDai(DAI)$1.000.14%
  • suiSui(SUI)$2.04-3.89%
  • leo-tokenLEO Token(LEO)$6.060.04%
  • litecoinLitecoin(LTC)$70.99-3.81%
  • aptosAptos(APT)$10.212.13%
  • Wrapped eETHWrapped eETH(WEETH)$2,813.35-1.86%
  • PepePepe(PEPE)$0.000010-2.91%
  • BittensorBittensor(TAO)$555.96-8.02%
  • internet-computerInternet Computer(ICP)$8.03-3.37%
  • fetch-aiArtificial Superintelligence Alliance(FET)$1.41-3.50%
  • kaspaKaspa(KAS)$0.130828-1.19%
  • ethereum-classicEthereum Classic(ETC)$19.53-2.52%
  • stellarStellar(XLM)$0.096243-0.28%
  • moneroMonero(XMR)$154.70-4.99%
  • POL (ex-MATIC)POL (ex-MATIC)(POL)$0.373167-2.29%
  • blockstackStacks(STX)$1.84-3.86%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.01%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$17.86-0.31%
  • immutable-xImmutable(IMX)$1.56-4.62%
  • Ethena USDeEthena USDe(USDE)$1.000.12%
  • dogwifhatdogwifhat(WIF)$2.53-5.91%
  • okbOKB(OKB)$40.43-0.70%
  • arbitrumArbitrum(ARB)$0.59-2.85%
  • aaveAave(AAVE)$154.15-2.66%
  • filecoinFilecoin(FIL)$3.89-1.62%
  • optimismOptimism(OP)$1.73-3.36%
  • crypto-com-chainCronos(CRO)$0.078066-1.00%
  • injective-protocolInjective(INJ)$21.53-2.71%
WP Twitter Auto Publish Powered By : XYZScripts.com