Many have looked at the Merge as the grand finale for the Ethereum network. But, according to VitalikButerin, it’s just the first in a long list of improvements to the ecosystem. Here’s what's next 👇
are a “powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” according to Buterin. The so-called Verge will optimize storage and reduce node sizes. Ultimately, this will make Ethereum more scalable.aim at creating reliable encryption by converting blocks of information into long strands of code. The newest blocks of information, or leaves, are grouped together to form branches.
So essentially, Verkle trees will allow for you to store a large amount of data by showing a short proof of any piece of that data, which in turn will be verified by someone who only has a root of the tree. This process will then make proofs much more efficient. Verkle trees are still a new idea and are still not as widely known or used as other cryptographic solutions. So while the Surge will deal with sharding and rollups, that phase will then affect how the network deals with scalability and proofs for Ethereum.The Purge aims at reducing, or “purging,” spare historical data. Reducing the amount of historical data will make the process of validating the blockchain more efficient for validators under the new proof-of-stake consensus mechanism.
Once all these previous parts come together, Buterin has described the next part, the Splurge, as “the fun stuff.” It aims at making sure that the network continues to run smoothly and that the updates to the protocol in the previous sections do not cause any issues. The tough work of making Ethereum more scalable will have been completed.
This ultimate stage is still in the distant future; as in all tech development, there are bound to be hiccups along the way. Given that the Merge has taken much longer than expected, the Splurge – when it finally arrives – will mark a much deserved celebratory phase for the Ethereum network.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What the Merge Means for Ethereum MinersWhere will the ETH miners go, when you can’t mine on ethereum any more? That’s the $19 billion question. cryptauxmargaux reports on the looming challenges presented by the potential merge.
Read more »
Ethereum Merge Risks Summarized by Expert: Should We See Unexpected Forks?Crypto expert JackNiewold indicated three groups of risks associated with Ethereum's Merge $ETH ETH
Read more »
Banking giant Citi highlights significance of Merge upgrade on Ethereum’s blockchainThe Ethereum (ETH) Merge upgrade slated for late September is among the most highly anticipated cryptocurrency events due to factors... Continue reading
Read more »
HBO Max and Discovery Plus to merge into single streaming serviceThe streaming merger means Warner Bros. properties such as the Harry Potter series and the sitcom “Friends” would be available alongside Discovery shows like “Deadliest Catch” and “Worst Cooks in America.”
Read more »
Citi: Ethereum’s Merge Will Have Several Consequences for the Blockchain.Citi says ethereum's move to proof-of-stake (PoS) will turn ether (ETH) into a yield-bearing asset with cash flows. By willcanny99
Read more »
HBO Max, Discovery+ to Merge Into Single Streaming Platform Starting in Summer 2023Is the whole of a combined HBO Max-Discovery+ greater than its streaming parts? Warner Bros. Discovery is going to find out next year. The media company announced a timeline for the two services to…
Read more »