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Vitalik Buterin Unveils “Verge” as a New Phase in Ethereum’s Development

23.10.2024 22:00 1 min. read Alexander Zdravkov
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Vitalik Buterin Unveils “Verge” as a New Phase in Ethereum’s Development

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.

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

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