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Vitalik Buterin Posts Part 4 Of His Plans For Ethereum: Blocks To Be Verified On A Smart Watch?

Vitalik Buterin Posts Part 4 Of His Plans For Ethereum: Blocks To Be Verified On A Smart Watch?

99bitcoins99bitcoins2024/10/23 14:03
coin_news.by:AlexSam Cooling

Vitalik Buterin has posted Part Four of his ongoing vision for Ethereum’s future. The Ethereum co-founder shared his latest insights on “The Verge.”

The Verge is an upcoming upgrade for Ethereum and one of the most crucial developments among crypto market participants. It aims to enhance the efficacy of the Ethereum blockchain. Besides the technological advances, many are also hoping the upgrade can be a much-needed boost to the price of ETH Price Trading volume in 24h Last 7d price movement .

Vitalik Buterin breaks down The Verge, Ethereum's next upgrade.

With Verkle Trees, #Ethereum aims for stateless validation, making node participation easier for everyone anywhere, even on mobile.

A major leap toward true decentralization. pic.twitter.com/2YkGDVfHHs

— TechTiynypen News (@TechTinypen) October 23, 2024

Ethereum Co-Founder Wants To Make The Network More Accessible For Node Operators

In his latest blog post , Buterin discusses his plans to make running a full-verifying node more accessible. Currently, verifying on the Ethereum blockchain can be done only using personal computers (PCs) or laptops. However, the upgrade plans to change this, making it easier for mobile or browser wallets to handle blockchain verification.

The original concept behind “The Verge” was tied to “Verkle trees”. It is a compact data structure that could allow the Ethereum network to validate transactions without requiring the storage of all blockchain data to live on the device used to validate.

However, over time, the vision has expanded with the aim of maximizing resource efficacy. The goal is for nodes to store less data and instead rely on proofs to verify blocks. Proof is a cryptographic method that allows one party to prove they know something without sharing any other information.

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Vitalik, A Big Believer In SNARKs – Could Lead To Ethereum Blocks To Be Verified From A Smartwatch

. @VitalikButerin

Wants to make “fully-verifying the [ethereum] chain” possible with mobile wallets and even smart watches pic.twitter.com/lMrYc0s1ob

— Joe Carlasare (@JoeCarlasare) October 23, 2024

Part 4 of the Ethereum co-founders’ blog series also highlights the use of SNARKs (Succinct Non-interactive Arguments of Knowledge), which offer highly efficient cryptographic verification methods. Buterin states that a shift toward this method could see blocks on the Ethereum blockchain verified on devices as small as a smartwatch.

This step toward “stateless clients” is vital, as it reduces the need for large storage and speeds up the blockchain’s performance, ultimately benefiting Ethereum users and stakers alike.

Ethereum investors will be closely monitoring the market reaction to “The Verge” in hopes it can bring a much-needed boost to the price of ETH. Large technological upgrades like these often drive renewed investor interest and could provide a catalyst for a shift away from meme coins and back toward strong utility-based projects.

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