• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Sunday, September 24, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Ethereum developer addresses the node centralization concerns before Merge

August 26, 2022
in Crypto News
Reading Time: 3 mins read
A A
Ethereum developer addresses the node centralization concerns before Merge
ShareShareShareShareShare

Related articles

Analysts Split – Rally to $1.80 or Dip to $0.41?

Analysts Split – Rally to $1.80 or Dip to $0.41?

September 23, 2023
Shiba Inu Escapes Bearish Grip Following Spike In Whale Activity! Will SHIB Price Hold Momentum?

Shiba Inu Escapes Bearish Grip Following Spike In Whale Activity! Will SHIB Price Hold Momentum?

September 23, 2023

Source: Visual Generation – Shutterstock

  • Lead Ethereum developer said that they proposed to prune the Ethereum blockchain to avoid centralization but faced major backlash in the past.
  • He adds that the Ethereum state needs to be a constant size for people to successfully run their own nodes.

The Ethereum blockchain network is just a few weeks from undergoing one of the most-awaited network upgrades, The Merge. This will help Ethereum transition to a Proof-of-Stake (PoS) consensus model from the existing Proof-of-Work (PoW) network.

As the Ethereum Merge upgrade shall happen sometime around September 15, concerns around node centralization have been brewing up fast. As we reported last week, the majority of the 4,653 active Ethereum nodes run over centralized cloud servers. More than 50 percent of the ETH nodes have been running on Amazon Web Services (AWS). Some industry experts believe that this could prove to be a central point of failure post the Merge event.

Ethereum developers address mounting concerns

Maggie Love, co-founder of Web3 infrastructure firm W3BCloud had put forward a similar concern. She stated that the centralization of nodes in the Ethereum PoS blockchain is a big concern that nobody seems to be focusing on.

Responding to it, Ethereum lead developer Péter Szilágyi said that they have been aiming to prune the database since Devcon IV. The concept of “pruning” means reducing the size of the blockchain to an extent where developers can create a reliable registry of a specific size.

He further noted that the idea faced a heavy backlash at that time and blamed those behind the backlash for the current state of centralization. Péter Szilágyi said:

We’ve been saying it since Devcon IV. Either the state gets pruned, or you will end up with nobody running home nodes. Everyone went crazy at the thought of state rent. Alexey almost got crucified for researching it. Well, now you’re seeing the effect of no pruning.

Our proposal was simple: the Ethereum state needs to be “constant” in size. That way it can run forever. The constant can be pushed up like the block gas limit if need be, but it musn’t grow unbounded. Until that’s solved, there’s no light at the end of the tunnel.

The lead Ethereum developer further stated that there are still many attempts to solve this. “But until it’s solved, you can’t blame people for not wanting to maintain an ever larger “infrastructure” for running a node,” he added.

Ethereum Foundation confirms Merge upgrade

The Ethereum Foundation has confirmed recently the upcoming Merge upgrade. As per the details, the Ethereum Merge upgrade will happen in two parts. On September 6, Ethereum PoS will begin with the Bellatrix upgrade scheduled on the Beacon Chain at 11:34:47am UTC.

This Beacon Chain serves as the consensus layer of the Ethereum blockchain. Later, the Paris upgrade will be triggered by a Total Difficulty threshold dubbed the Terminal Total Difficulty (TTD), which will happen anywhere between September 10-20.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Will Cardano’s Vasil Hard Fork Happen Sooner Than Expected? What Next For ADA Price? – Coinpedia – Fintech & Cryptocurreny News Media

Next Post

The New Meme Token Set to Reign Others!

Related Posts

Analysts Split – Rally to $1.80 or Dip to $0.41?

Analysts Split – Rally to $1.80 or Dip to $0.41?

September 23, 2023

The recent XRP price recovery above 50 cents has sparked different reactions from various analysts, with some calling for price...

Shiba Inu Escapes Bearish Grip Following Spike In Whale Activity! Will SHIB Price Hold Momentum?

Shiba Inu Escapes Bearish Grip Following Spike In Whale Activity! Will SHIB Price Hold Momentum?

September 23, 2023

Dubbed the “Dogecoin killer,” SHIB’s price had been in a bearish consolidation phase in recent days. However, a reversal occurred...

Veteran Investors Who Predicted Fantom (FTM) Rise, Says This Bitcoin Fork Could Do the Same

Veteran Investors Who Predicted Fantom (FTM) Rise, Says This Bitcoin Fork Could Do the Same

September 23, 2023

Seasoned crypto investors who successfully predicted the rise of Fantom (FTM) are now pointing to a particular Bitcoin fork. With...

Will Stellar (XLM) See a Price Surge on September 28?

Will Stellar (XLM) See a Price Surge on September 28?

September 23, 2023

XRP investors are gearing up for a major announcement on September 29th with the altcoin possibly recording similar gains to...

Learn how Bitcoin Spark takes the best from Ethereum

Learn how Bitcoin Spark takes the best from Ethereum

September 23, 2023

Bitcoin Spark (BTCS) has been gaining momentum lately, leaving many wondering what led to its sudden growth. To understand the...

Load More
Next Post
The New Meme Token Set to Reign Others!

The New Meme Token Set to Reign Others!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

How HUG Is Empowering Artists Through Discovery, Opportunity, and Education

How HUG Is Empowering Artists Through Discovery, Opportunity, and Education

August 25, 2023
Dogecoin Millionaire’s $3 Million Haul Drops to $50K

Dogecoin Millionaire’s $3 Million Haul Drops to $50K

August 24, 2023
Binance Labs Announces ColLabs: A Web3 Investment Community Platform

Binance Labs Announces ColLabs: A Web3 Investment Community Platform

September 1, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • FTX’s one-time law firm denies awareness of fraud, moves to dismiss lawsuit
  • Venezuela authorities seize Bitcoin mining machines
  • Why Has Stablecoin Legislation Stalled? Blockchain Association CEO Explains – Decrypt

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,564.00-0.06%
  • ethereumEthereum(ETH)$1,592.36-0.14%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$210.25-0.52%
  • rippleXRP(XRP)$0.51-0.81%
  • usd-coinUSDC(USDC)$1.00-0.09%
  • staked-etherLido Staked Ether(STETH)$1,592.69-0.17%
  • dogecoinDogecoin(DOGE)$0.061385-0.45%
  • cardanoCardano(ADA)$0.245265-0.05%
  • solanaSolana(SOL)$19.490.23%
  • ToncoinToncoin(TON)$2.29-0.28%
  • tronTRON(TRX)$0.0835540.31%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.02-0.22%
  • matic-networkPolygon(MATIC)$0.52-0.55%
  • litecoinLitecoin(LTC)$64.920.40%
  • shiba-inuShiba Inu(SHIB)$0.0000071.59%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,605.000.12%
  • bitcoin-cashBitcoin Cash(BCH)$208.33-0.17%
  • chainlinkChainlink(LINK)$7.150.80%
  • daiDai(DAI)$1.00-0.11%
  • leo-tokenLEO Token(LEO)$3.84-0.60%
  • true-usdTrueUSD(TUSD)$1.00-0.02%
  • uniswapUniswap(UNI)$4.260.08%
  • avalanche-2Avalanche(AVAX)$8.890.00%
  • stellarStellar(XLM)$0.113257-1.62%
  • moneroMonero(XMR)$141.81-2.23%
  • okbOKB(OKB)$42.77-0.58%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • binance-usdBinance USD(BUSD)$1.00-0.04%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.330.70%
  • cosmosCosmos Hub(ATOM)$7.06-1.01%
  • hedera-hashgraphHedera(HBAR)$0.0512801.43%
  • filecoinFilecoin(FIL)$3.240.22%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • crypto-com-chainCronos(CRO)$0.0510721.11%
  • lido-daoLido DAO(LDO)$1.49-0.52%
  • quant-networkQuant(QNT)$90.790.86%
  • internet-computerInternet Computer(ICP)$2.960.67%
  • MantleMantle(MNT)$0.392082-0.58%
  • vechainVeChain(VET)$0.016950-0.68%
  • AptosAptos(APT)$5.12-0.48%
  • makerMaker(MKR)$1,291.720.40%
  • nearNEAR Protocol(NEAR)$1.11-1.24%
  • ArbitrumArbitrum(ARB)$0.82-3.34%
  • optimismOptimism(OP)$1.29-0.90%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.045342-3.67%