Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Investing

Vitalik Buterin Announces Further Development of Ethereum ‘Purge’

by
April 1, 2024
in Investing
0
Vitalik Buterin Announces Further Development of Ethereum ‘Purge’

Ethereum co-founder Vitalik Buterin recently took to X to outline the upcoming phases of the protocol’s simplification efforts, codenamed “The Purge.”

This initiative aims to streamline the Ethereum protocol by reducing historical data storage requirements. This will lessen the burden on node operators’ hard drives and significantly lower the technical debt associated with the protocol.

In simpler terms, “The Purge” is a project to slim down Ethereum and address accumulated technical issues. Buterin’s announcement hints at the existence of additional Ethereum Improvement Proposals (EIPs) that share the same goal of simplification.

Ethereum’s Vitalik Buterin Unveils “The Purge” to Streamline Blockchain Protocol

A quick note on next steps in Ethereum protocol simplification and node resource load decreases (aka “the Purge”):https://t.co/BAebCGrisB

— vitalik.eth (@VitalikButerin) April 1, 2024

In the recent report, Ethereum co-founder Vitalik Buterin highlighted the implementation of Ethereum Improvement Protocol (EIP)-6780 during the Dencun hard fork, which significantly simplified the Ethereum protocol by reducing the functions of the “SELFDESTRUCT” code and enhancing security measures.

One of the critical changes post-EIP-6780 is the introduction of a maximum number of storage slots that can be edited in a single block, roughly determined by the gas limit divided by 5000. Buterin expressed optimism that future EIPs would eliminate the SELFDESTRUCT function, further enhancing the network’s security and efficiency.

Source: Vitalik Buterin

“The Purge,” as Buterin referred to it, also involves comprehensive cleanup efforts within the Geth Ethereum client aimed at removing redundant code following the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Recent Ethereum Improvement Proposals have also contributed to enhancing how empty accounts are managed, improving overall code efficiency.

Also, as one of the primary objectives of The Purge is to optimize data storage on the Ethereum blockchain, EIP-4444, introduced during the Dencun upgrade, introduces the concept of “blobs” for specific data storage, reducing long-term storage requirements and facilitating easier node participation. The proposal also suggests automatically removing older blocks after a designated time, further reducing storage needs.

Buterin emphasized that The Purge would enhance Ethereum’s node decentralization by distributing historical data more effectively across the network. He noted that while not all nodes would store complete historical data, solutions like block explorers and decentralized peer-to-peer networks are being explored to ensure accessibility.

Furthermore, The Purge includes plans to evaluate and optimize precompile Ethereum contracts and introduce a new data structure called SimpleSerialize (SSZ) to replace the current block structure, simplifying data usage and development processes.

Vitalik Raises Concerns Over Complex Layer 2 Scaling Solutions


On December 30, 2023, Ethereum co-founder Vitalik Buterin updated the Ethereum roadmap, highlighting significant progress in Surge (rollup scaling) initiatives, including EIP-4844 and advancements in rollup technologies. He also emphasized the need for long-term improvements in cross-rollup standards and interoperability to enhance Ethereum’s ecosystem.

Honestly I’m about 3x less confident in the “simplify L1 even at the expense of more complicated L2s” concept than I was five years ago. The challenge is that when you can trade off between L1 bug risk and L2 bug risk, it’s not actually clear that the latter is better!

— vitalik.eth (@VitalikButerin) February 21, 2024

However, Buterin recently voiced concerns about overly complicated Layer 2 scaling solutions in blockchain ecosystems. He took to social media to underscore the potential risks associated with complex Layer 2 networks and urged for a more balanced approach to development.

In the blockchain community, there’s a prevailing belief that Layer 1 networks should prioritize simplicity to minimize critical bugs and attack vectors. This approach delegates more complex features to Layer 2 networks, which specialize in providing scaling solutions.

Buterin highlighted the gravity of critical bugs in Layer 2 networks, stating that while Layer 1 blockchains can recover relatively quickly from consensus failures, such failures in Layer 2 could lead to a permanent loss of user funds. He cautioned against the increasing complexity of Layer 2 solutions and the risks they pose.

Proposing an alternative strategy, Buterin suggested enhancing Layer 1 networks with sophisticated features to ease the burden on Layer 2 networks, allowing them to remain reasonably simple. By reducing complexity, the risks of critical bugs and security vulnerabilities could be mitigated, safeguarding user funds and improving system reliability.

The post Vitalik Buterin Announces Further Development of Ethereum ‘Purge’ appeared first on Cryptonews.

Previous Post

Bitcoin Price Prediction as ‘Halving’ Countdown Begins – Will BTC Blast Up?

Next Post

Thailand’s Largest Crypto Exchange Bitkub Sets Sights on 2025 IPO in Home Country

Next Post
Thailand’s Largest Crypto Exchange Bitkub Sets Sights on 2025 IPO in Home Country

Thailand’s Largest Crypto Exchange Bitkub Sets Sights on 2025 IPO in Home Country

Subscribe to Simplemoneygoal.com

    Airbus says most of its recalled 6,000 A320 jets are now modified
    Politics

    Airbus says most of its recalled 6,000 A320 jets are now modified

    December 2, 2025
    Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’
    Politics

    Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

    November 28, 2025
    Bitcoin and other crypto assets sink in flight from risk
    Politics

    Bitcoin and other crypto assets sink in flight from risk

    November 24, 2025
    Stock market sinks as AI and interest rate worries grip investors
    Politics

    Stock market sinks as AI and interest rate worries grip investors

    November 24, 2025
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.