3 improvement proposals that will come to Ethereum in the coming years

One of the biggest challenges for Ethereum today is achieving greater scalability. This means to remain functional as more people use the network and more applications are developed. With this in mind, the best developers are working on proposals aimed at improving various aspects of the operation of the network.

According to what was stated in publishing On Twitter by expert and entrepreneur Paolo Rebuffo, There are three Ethereum Improvement Proposals (EIPs) that can enhance scalability from the network in the next 12 months.

If the deadlines predicted by this expert are met, EIPs will be activated after The current blockchain merger with Ethereum 2.0. In this case, Ethereum will turn to Proof of Stake (PoS) to validate the new blocks.

Ribovo highlighted three proposals, EIPs 4444, 4488 and 4844. The last two were presented by Vitalik ButerinCo-founder of Ethereum, jointly with other developers. The three are still in the presentation and discussion stage and there are no specific deadlines for their evaluation and implementation.

In addition, Rebuffo, who is also an investor currently developing the Ethereum client Erigon, has added other complementary ideas that will help develop the leading network in the development of decentralized applications (dApps) and decentralized finance (DeFi) protocols.

A way to optimize resources

The first to be listed is EIP-4444, which is suggested that customers trim stored data that is more than a year old. This makes things easier for node runners, who will need less disk space to run.

According to the text of the proposal, which dates back to November 2021, historical data currently occupy 400 GB of space, and it is increasing. And therefore, To validate blocks in the blockchain, users must have 1 TB disks. However, EIP details and historical data are not necessary to validate new blocks, but are only retrieved when explicitly requested.

This reduction, in conjunction with scrapping the tokens that process historical blocks, lowers the requirements for customers and users.

Vitalik Buterin’s Ideas for Ethereum Scalability

On the other hand, there is EIP-4488, which was proposed by Vitalik Buterin and Ansgar Dietrichs in November 2021. Its main purpose is to reduce commission costs for transactions in the second tiers of Ethereum.

How can it be achieved? According to the proposal, the key is to reduce call data commissions or transactional call data. These data are read-only spaces in transaction codes that store transaction parameters.

In addition to reducing commissions for transferring this type of data, EIP-4488 also suggests quantifying this type of information in each block.

Buterin and Dietrich say this alternative would be beneficial for Ethereum cumulative pools. Cumulative are Layer 2 scalability solutions that “roll” multiple transactions and then combine them all together in the main network layer. In general terms, Cumulative allows you to reduce rates several times In relation to those of the main network.

The proposal now says even these discounted prices are too expensive for many users. Reducing the expenses associated with call data can be a short-term solution for this issue, according to these developers. In the meantime, durable and complex solutions can be developed, such as data segmentationwhich proposes dividing the network into 64 parts and leaving a certain space in each block for assemblies.

“Accumulation is, in the short to medium term, and possibly in the long term, the only unreliable solution to scalability for Ethereum,” the EIP argues. With all this said, Vitalik Buterin endorses his position that scalability will come from developing these second layers of the network, as reported by CriptoNoticias.

Developer Anthony Sasano believes that development on Ethereum will take several more years. Line: Twitter.

Third, Rebuffo cited EIP-4844. This is another show from Vitalik Buterin, along with developers Dankrad Feist, Diederik Loerakker, George Kadianakis, and Matt Garnett in February 2022.

Like EIP-4488, this proposal also pertains to pools on Ethereum. Its main purpose is to be a temporary solution until the data hash is developed, with the goal of optimizing the space allocated for aggregation within each block.

To do this, it is intended to create a new transaction format, ‘blob transactions’which contains a large amount of data that cannot be read by the Ethereum virtual machine, but transmits its compromise.

This is the type of transaction that will be used in the future, when the data hash is finished. However, in this case, the hash space will not be left, but the information will be transferred to the main layer of the Beacon Chain (Ethereum Chain 2.0).

Other plugins for scaling Ethereum

Beyond the investment execution plans outlined above, Rebuffo also cited other ideas that would contribute to Ethereum’s scalability. for example, Using the Verkle tree instead of Merkel tree It will reduce IOPS on storage.

To break these concepts down a bit, you need to know that IOPS (Input/Output Operations Per Second or Input/Output Operations Per Second) is a unit used to measure the performance of storage computing devices. The fewer the stored processes, the more efficient the system..

On the other hand, “tree” models for organizing data in the blockchain are based on a root, from which many branches open. According to what Vitalik Buterin posted on his blog, The Verkle tree is similar to the Merkle tree but more efficient.

Finally, the last thing Rebuffo says is that improving customer data models will also help. He explained that this would help reduce the usage of USB flash drives and thus increase their efficiency.

 

 

 

 

 

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