Vitalik Buterin, the co-founder of Ethereum, has shared exciting news for anyone interested in Ethereum. He talks about a new technology called ‘Verkle trees’. This technology is a key part of Ethereum’s future plans and promises great benefits for people who want to ‘stake’ Ethereum – meaning they use their Ether to support the network and receive rewards in return.
According to Buterin, this should ensure a fairer network where individual users can also participate, contribute and benefit.
But what does this mean in plain language? Let’s keep it simple:
- Less Space Required: Normally, computers that help run the Ethereum network require a lot of memory space. With Verkle trees this becomes much less. This means that you can run an Ethereum node without needing a computer with a huge hard drive.
- Faster Sync: When you start an Ethereum node, it needs to ‘sync’ or get up to date with the rest of the network. With Verkle trees this happens almost immediately, so you can get started much faster.
- Easier for Everyone: These improvements allow anyone with a basic computer to participate in the Ethereum network. This makes the network more accessible and can help make it more decentralized and secure.
- Step Forward in Ethereum’s Plan: Verkle trees are part of a larger plan to improve Ethereum, which also included moving to a proof-of-stake consensus (the ‘Merge’). These are all steps to make Ethereum faster, more secure and easier to use.
I’m really looking forward to Verkle trees. They will enable stateless validator clients, which can allow staking nodes to run with near-zero hard disk space and sync nearly instantly – far better solo staking UX. Also good for user-facing light clients.https://t.co/Bg2KXH07Id
— vitalik.eth (@VitalikButerin) February 18, 2024
In short: Verkle trees make it easier and cheaper to play an active role in the Ethereum network. This is good news for anyone involved in Ethereum, whether you are interested in staking, running a node, or just using Ethereum apps.
Source: https://bitcoinmagazine.nl/nieuws/ethereum-updates-wat-betekenen-verkle-trees
