Vitalik Buterin Announces Ethereum's Upcoming Milestones: Verkle Trees and History Expiry
Ethereum's network takes a major leap in scalability with the completion of the "Basic rollup scaling" milestone, paving the way for verkle trees and history expiry.
The Ethereum network has reached a critical milestone in its scalability roadmap with the successful implementation of "Basic rollup scaling," according to an post by Vitalik Buterin on Warpcast. This development is a key component in Ethereum's transition to a more scalable and efficient blockchain, which is essential for its long-term success and adoption.
What Comes Next?
Following this milestone, the Ethereum development community is setting its sights on the integration of verkle trees and history expiry. Verkle trees are an evolution of Merkle trees that will enable more efficient and compact proofs, reducing the amount of data validators need to store. History expiry is a concept that will allow old transaction data to be removed, thereby reducing the "state bloat" and making it easier for users to run full nodes.
Introducing "Basic Rollup Scaling"
Rollups are solutions that execute transactions outside the main Ethereum chain (Layer 1) and post transaction data back to it. This "Basic rollup scaling" is the foundation that allows for increased throughput on the network while maintaining security by leveraging the main chain for data availability and consensus.
The Promise of Verkle Trees
Looking ahead, the Ethereum development team is focusing on the integration of verkle trees. Verkle trees are a proposed upgrade to the existing Merkle trees, which are data structures that enable the secure and efficient verification of content in a blockchain. Verkle trees will optimize storage and computational efficiency, significantly reducing the size of proofs and making it easier to run an Ethereum node.
Understanding History Expiry
Another forthcoming feature is history expiry, a mechanism that will allow the Ethereum network to shed older historical data, thus preventing excessive growth of blockchain data size. This will alleviate the burden on nodes, ensuring that the requirement for storage space does not become a barrier for validators and full node operators, which in turn contributes to the decentralization and robustness of the network.
Community Reactions and Expectations
The announcement received a positive response from the Ethereum community, with many expressing excitement and support for the progress. Vitalik's update on Warpcast garnered 1728 reactions and various comments from key players in the Ethereum ecosystem. Brian, from @br1an.eth, extended an invitation to discuss the update on the @unlonely platform, indicating a strong interest in the implications of this development.
The Future of Layer 2 Scaling Solutions
Questions about the timeline for Layer 2 solutions adopting new features like blobs, a form of data storage that could further reduce fees, were raised by community members such as Hugo Montenegro (@hmheck). The anticipation for more affordable transaction costs was palpable, with users like Pacheco (@pachec0) expressing concerns over the current fee structure.
Conclusion
The Ethereum network's latest accomplishment in achieving the "Basic rollup scaling" milestone has generated enthusiasm among stakeholders and users alike. As the community looks forward to the implementation of verkle trees and history expiry, the path towards a more scalable and user-friendly Ethereum continues to unfold.
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