Connect with us

Hi, what are you looking for?

Ethereum ‘Verge’
Ethereum ‘Verge’

Cryptocurrency

Ethereum’s “Verge” update may feature wearables and smartphone blockchain nodes

Ethereum’s latest “Verge” upgrade intends to make node operations more accessible by reducing hardware demands. Stateless verification allows users to run Ethereum nodes on shared devices like cellphones and smartwatches, therefore changing the maintenance of blockchain networks.

Ethereum is about to undergo a major update that will drastically cut the technology needed to run blockchain nodes, enabling common devices like cellphones and even smartwatches to engage in network operations. Known as “The Verge,” the update marks part of Ethereum’s ongoing efforts to increase security and accessibility.

Stateless verification will allow more people to assist protect the Ethereum network by significantly removing the technological barriers for consumers and single stakeholders. This development would allow online wallets, mobile wallets, and even smartwatches to run nodes by default, hence dramatically increasing Ethereum’s reach and decentralizing power.

Verkle trees—a cryptographic structure that maximizes verification by lowering the quantity of blockchain evidence—will also be showcased by The Verge. Concerns regarding the vulnerability of Verkle trees to possible quantum computing hazards, however, have pushed developers to look at alternate choices such STARK-based binary hash trees, which offer greater long-term security and scalability.

Additionally included in The Verge is a recommended change to Ethereum’s gas price strategy detailed in Ethereum Improvement Proposal (EIP)-4762 By segregating gas costs for data, computation, and state access using a multidimensional approach, this new method will improve management of Ethereum’s resources and hence preserve the scalability and security of the network.

Buterin’s idea for The Verge may inspire more people to participate in solo staking, therefore enabling a greater spectrum of people to help Ethereum’s network security by means of more affordable and easily available node operations. With this development, Ethereum’s decentralization and user friendliness undergo a significant turning point.

Advertisement

You May Also Like

Cryptocurrency

In this week's Crypto Chronicle, we explore Meta's new AI search engine that aims to reduce reliance on Google and Microsoft, Banco Bisa's custody...

Business

To make it easier for companies to adopt decentralized technologies, Hitachi Solutions has introduced a new Web3 development assistance package. This program offers a...

Business

Due to difficulties in the decentralized finance (DeFi) industry, dYdX Trading has announced a major layoff of 35% of its employees. As the company...

Business

Three days following its launch, Bitget Wallet Lite had amassed 6 million users on Telegram, demonstrating its quick success. This multichain wallet seeks to...

polkadot
Polkadot (DOT) $ 3.88 4.03%
bitcoin
Bitcoin (BTC) $ 69,561.64 3.78%
ethereum
Ethereum (ETH) $ 2,425.57 1.52%
cardano
Cardano (ADA) $ 0.334625 3.40%
xrp
XRP (XRP) $ 0.513723 2.55%
stellar
Stellar (XLM) $ 0.093494 3.32%
litecoin
Litecoin (LTC) $ 66.22 1.57%