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Reading: New Era with “The Purge” in Altcoin King Ethereum! Data Storage Costs Will Fall
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EdaFace Newsfeed > Latest News > Altcoin News > New Era with “The Purge” in Altcoin King Ethereum! Data Storage Costs Will Fall
Altcoin News

New Era with “The Purge” in Altcoin King Ethereum! Data Storage Costs Will Fall

vitalclick
Last updated: October 27, 2024 12:29 pm
5 months ago
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Ethereum $2,466 co-founder Vitalik Buterinhas announced a roadmap to address the platform’s increasing complexity and “bloat” issues. In his article written on October 26, Buterin stated that this solution, which he called “The Purge”, aims to reduce the unnecessary data load on the network.

Data Storage Burden Will Reduce with “The Purge”Steps Towards the Future of Ethereum

Data Storage Burden Will Reduce with “The Purge”

Ethereum Pointing out that a node running on the network requires approximately 1.1 terabytes of disk space to operate in its current state, Buterin emphasized that it is unnecessary for each node to store all historical data within the scope of “The Purge”. Stating that by eliminating this requirement, running a node will become more cost-effective, Buterin said, “If we can increase the number of nodes to 100 thousand and each node stores 10 percent random historical data, each piece of data will be copied 10 thousand times; “This provides the same replication factor as a 10,000-node network where all nodes store every data.” he said.

Buterin also Ethereum networkHe stated that account balances, contract codes and contract warehouses that grow over time can also be limited. In this way, it is aimed to prevent a client’s storage requirements from increasing in the long term.

Steps Towards the Future of Ethereum

“The Purge” stands out as the fifth part of Buterin’s series of articles containing his thoughts on the future of Ethereum. In October, it was also announced that it aimed to find a solution to centralization risks in Ethereum’s proof-of-stake model, which replaces proof-of-work.The Scourge” which aims to make the node running process more efficient.The VergeIntroducing their approach, Buterin emphasized that they have taken important steps in terms of Ethereum’s long-term scalability, technical sustainability and security.

Buterin stated that this road map aims to make Ethereum a sustainable and stable platform in the long term and said, “Determining this general path for Ethereum and achieving a stable result in the long term is an ultimate challenge in terms of Ethereum’s long-term scalability, technical sustainability and security.” .” he said.

Buterin’s statements draw attention as an innovative solution to Ethereum’s fundamental problems such as complexity and data load.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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