Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Vitalik Buterin Shares Plans to Cut Ethereum’s Bloat with 'Purge' Upgrade

Vitalik Buterin Shares Plans to Cut Ethereum’s Bloat with 'Purge' Upgrade

CryptotickerCryptoticker2024/10/27 04:11
By:crypto newsPrasanna Peshkar

Ethereum has been growing rapidly, but with this growth comes a problem—too much data. Every transaction and smart contract creates information that piles up, making the network slower and more expensive. To tackle this, Ethereum's co-founder Vitalik Buterin has introduced a new plan called the 'Purge' upgrade. This upgrade aims to reduce the amount of unnecessary data stored on the network, making Ethereum faster, more efficient, and easier to use. In this article, we’ll explore how the 'Purge' upgrade works and why it’s important for Ethereum’s future.

Vitalik Buterin’s Plan to Reduce Network Bloat

Vitalik Buterin, co-founder of Ethereum, has proposed a roadmap to simplify and reduce the "bloat" of Ethereum’s Layer 1 over time. In a post dated October 26 , Buterin highlighted that the main cause of bloat is the accumulation of protocol features and historical data.

Currently, running an Ethereum node demands around 1.1 terabytes of storage for the execution client , which connects to the network and manages its database. Additionally, hundreds of gigabytes are required for the consensus client, which supports Ethereum's proof-of-stake system.

To address this, Buterin suggested a strategy called "The Purge," which aims to minimize storage requirements by reducing the need for nodes to keep all historical data and by removing unnecessary features. This plan would help make Ethereum more efficient while ensuring the blockchain's integrity.

Buterin noted that if the network could expand to 100,000 nodes, with each node storing only 10% of the historical data, the level of data replication would be equivalent to a smaller network of 10,000 nodes where each one holds the entire history—maintaining data consistency without the burden of excess storage.

Optimizing Ethereum: Buterin’s Vision for Long-Term Scalability and Efficiency

Buterin also suggests ways to efficiently remove Ethereum’s state data—such as account balances, contract codes, and storage—elements that could otherwise increase the storage demands for clients.

"The Purge" marks the fifth part in Buterin’s ongoing series about the future development of Ethereum. Earlier this month, he outlined strategies to tackle proof-of-stake centralization risks in a segment called "The Scourge." Additionally, he introduced "The Verge," which explores simplifying the computational demands of running an Ethereum node, making it so efficient that even a smartwatch could operate one.

Discussing "The Purge," Buterin emphasized that the real challenge lies in developing a broad and effective approach for Ethereum’s scalability, technical stability, and security, ensuring a long-term, sustainable solution.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!