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Latest cryptocurrency news > ALTCOIN > Buterin Proposes New Plan for Ethereum Storage Issues
ALTCOIN

Buterin Proposes New Plan for Ethereum Storage Issues

BH NEWS
Last updated: 27 October 2024 15:41
BH NEWS 1 year ago
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Vitalik Buterin, a prominent figure in the Ethereum community, has laid out a strategic plan to tackle the network’s escalating data storage challenges. In an article dated October 26, Buterin introduced a solution called “The Purge,” designed to alleviate the burden of excessive data on Ethereum.

Contents
How Does “The Purge” Work?What Are the Benefits of This Roadmap?

How Does “The Purge” Work?

According to Buterin, the current storage requirement for running a node is around 1.1 terabytes, a figure he believes can be reduced significantly. He proposed that not all historical data need be stored by each node, suggesting that if 100,000 nodes each kept only 10% of the historical data, the overall data load could be effectively managed while maintaining necessary redundancy.

What Are the Benefits of This Roadmap?

The benefits of “The Purge” include a reduction in operational costs for node operators and the potential for a more scalable network. Additionally, Buterin mentioned that the increasing size of account balances, contract codes, and storage will be controlled to prevent the ongoing rise in storage demands for users.

  • Proposed reduction of node storage requirements.
  • Improved cost-effectiveness for node operation.
  • Increased scalability and security for the Ethereum network.

This initiative marks the fifth part of Buterin’s ongoing discourse on Ethereum’s future sustainability. He emphasized the importance of establishing a clear path to ensure Ethereum remains viable and secure in the long term, asserting that these strategies are vital for achieving the platform’s scalability and stability.

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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 conduct their own research.

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