Vitalik Buterin, co-founder of Ethereum, has shifted his focus from "Merge" and "Surge" to a new initiative called "Verge," aimed at enhancing the network's accessibility and security.
In a recent post, he outlined his vision for an Ethereum Testnet Network (ETN) that encourages broader participation in node inspection.
The core objective of “Verge” is to democratize the process of node management, making it easier for individuals to contribute to Ethereum’s security. Currently, operating a node typically requires high-end hardware, posing a barrier to entry.
Although Buterin noted that running a node on a standard laptop is theoretically feasible, it remains challenging. To tackle this issue, Ethereum plans to implement “Verkle Trees,” which enable more efficient block authentication through compact proofs.
This advancement allows validators to manage nodes without needing specific balance thresholds, with only a slight increase in verification time. Buterin envisions a future where mobile devices can also participate in node operations.
The overarching aim of “Verge” is to facilitate stateless validation, significantly cutting storage requirements while utilizing technologies like SNARK to promote long-term scalability. As Ethereum serves as a foundational protocol for various second-layer solutions, Buterin seeks to establish a standard that enhances ETH-dependent protocols. By encouraging greater involvement and decentralization, “Verge” aims to set a precedent for leadership within the altcoin ecosystem.
Lido may soon reshape how decisions are made within its ecosystem. A new proposal, LIP-28, introduced on May 8, aims to give staked Ethereum (stETH) holders the power to counter potentially harmful decisions made by LDO token voters.
Robinhood appears poised to make its boldest move yet: bringing U.S. financial markets to Europe through the power of blockchain.
Maldives is setting its sights on becoming a global fintech player by diving headfirst into the world of crypto and blockchain.
Ethereum co-founder Vitalik Buterin has called for a major reset of the blockchain’s design, warning that the network’s growing complexity threatens its long-term success.