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Home Crypto

Vitalik Buterin Unveils Bold Ethereum Shift—What It Means For Users

by Market News Board
5 hours ago
in Crypto, Cryptocurrency News, Ethereum
Vitalik Buterin Unveils Bold Ethereum Shift—What It Means For Users
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  • Vitalik Buterin has proposed a new model to make Ethereum nodes easier for everyday users to operate.
  • The proposal suggests nodes should store only user-relevant data instead of Ethereum’s global state.
  • The current system requires over 1.3 terabytes of storage, limiting accessibility for most users.

Vitalik Buterin has proposed a new proposal to lower the technical barriers to running Ethereum nodes. The plan focuses on reducing storage and hardware demands, which prevent most users from operating full nodes. This initiative supports Buterin’s ongoing mission to improve decentralization and make Ethereum more accessible to everyone.

Ethereum Nodes to Adopt Local-First Model

Vitalik Buterin’s new idea suggests that users can run nodes closer to home to minimize the complexity of using Ethereum. Instead of storing all the information about Ethereum, each node would only keep details that affect its users. If this happened, it would require less storage, since the current storage is more than 1.3 terabytes.

The model enables nodes to collect the necessary data and retrieve information from the past. It is organized similarly to libraries, where books are shared in different locations. It ensures data is not lost by lightening the parts of the hardware that require extra work from users.

Vitalik Buterin highlighted that the current system adds too much complexity. Even when technology advances, setting up a full node usually means using a fast computer or cloud services. With the new system, people will not rely on major centralized platforms.

Ethereum Gears Up for Pectra Upgrade

Vitalik Buterin’s proposal aims to achieve the same results as the Pectra upgrade. They believe Pectra is the most remarkable update Ethereum has ever achieved. The main goal is to scale the network and avoid centralization.

Pectra will help increase the number of people who use Buterin’s suggested node system. It also makes Ethereum’s main layer capable of handling sophisticated transactions. The management of these projects focuses on making the network more user-friendly.

Ethereum’s officers update the technical roadmap whenever developers make changes. As a result, changes made to Ethereum continue to support the platform’s key objectives. The changes were made to further the platform’s support for more people having access to information.

EIP-9698 and AI Integration Shape Ethereum’s Future

In another related step, Ethereum researcher Dankrad Feist proposed EIP-9698 to increase the network’s capacity to handle more transactions. It is hoped that Ethereum’s gas limit will rise by 100 times within the next two years. If everything goes smoothly, the network will be able to process thousands of transactions every second.

Efforts by Vitalik Buterin help to improve the performance of the network at every level. Ethereum could improve its efficiency and prepare for new kinds of applications. Introducing these upgrades would alleviate congestion and allow transactions to occur online faster.

In addition, Vitalik Buterin’s plans align with the obstacles to developing AI. Ethereum’s former core developer, Eric Connor, believed the platform could solve AI’s centralization and privacy issues. 

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