Tuesday, June 6, 2023
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

ETH Developer Addresses Node Centralization Concerns Before Merge

by crypetonews
August 27, 2022
in Ethereum
Reading Time: 3 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter


ETH developer addresses node centralization concerns before the Merge, it before the Ethereum switch from its current proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The Merge, as it is technically known, is scheduled for September 15, but in the run-up to the significant update, Ethereum node centralization has become a hot subject.

The bulk of the 4,653 active Ethereum nodes is hosted by centralized web services like Amazon Web Services (AWS), which experts say may expose the Ethereum blockchain to a single point of failure after the Merge.

Maggie Love, the co-founder of Web3 infrastructure provider W3BCloud, expressed the same issue. She argued that the concentration of nodes in the Ethereum PoS network might become a major issue that no one seemed to be paying attention to.

Péter Szilágyi, Ethereum’s principal developer, addressed the growing centralization worries, claiming that the database has been pruned since Devcon IV. The term “pruning” refers to the process of lowering the size of the blockchain to the point where developers can establish a trustworthy registry of a specific size.

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.

¯_(ツ)_/¯ https://t.co/SkmD2Q39wE

— Péter Szilágyi (karalabe.eth) (@peter_szilagyi) August 26, 2022

Szilágyi went on to say that the concept was met with strong opposition at the time, and that the present concentration in nodes is a direct result of that. He emphasized that in order for everyone to operate their own nodes, the Ethereum state must be a fixed size.

The term “Ethereum state” refers to a big data structure that contains not only all accounts and balances, but also a machine state that may vary from block to block according to a set of rules. Szilágyi elaborated:

“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 mustn’t grow unbounded. Until that’s solved, there’s no light at the end of the tunnel.”

He emphasized that multiple parties are working hard to remedy the issue, but in the meanwhile, the general people should not be chastised for “not wishing to maintain an increasingly greater “infrastructure” for hosting a node.”

At the moment, the cost of hosting a single node is prohibitively expensive, as crypto analytic firm Mesari noted in its analysis. People frequently resort to cloud infrastructure service providers such as AWS because of such infrastructure expenses. However, such centralization may prove to be a weakness in the long run.

ETH developer addresses node centralization concerns before the Merge in what we think are critical moments, as the Merge draws ever near, and the community has to be reassured that the update to the network will go on without a hitch.

See the latest cryptocurrency news.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]



Source link

Tags: AddressesCentralizationConcernsDeveloperETHMergeNode
Previous Post

Add Sign-In with Magic.Link to Your NextJS Project in 5 Steps – Moralis Web3

Next Post

Metaverse News : La saison 3 du jeu The Sandbox est là ! 1,5 millions de crypto SAND à se partager !

Related Posts

Ethereum’s Path to Enterprise Success: iExec Enabling Secure Data Processing
Ethereum

Ethereum’s Path to Enterprise Success: iExec Enabling Secure Data Processing

June 4, 2023
OscarSwap com | $OSCAR | DEX Live on Arbitrum | L2 Bridge | Farming Live | Staking | Mobile App | Binance Live | KYC | Doxed | CertiK Audit | 62.5 ETH raised on pinksale | Launching 19:30 UTC on June 1st Sushiswap
Ethereum

OscarSwap com | $OSCAR | DEX Live on Arbitrum | L2 Bridge | Farming Live | Staking | Mobile App | Binance Live | KYC | Doxed | CertiK Audit | 62.5 ETH raised on pinksale | Launching 19:30 UTC on June 1st Sushiswap

June 1, 2023
Ethereum Protocol Fellowship – Fourth Cohort Applications Are Open!
Ethereum

Ethereum Protocol Fellowship – Fourth Cohort Applications Are Open!

June 1, 2023
plexidelic: chatGPT summaries for addresses
Ethereum

plexidelic: chatGPT summaries for addresses

May 31, 2023
Celo Hackathon Series, Part 2: Social Sign-In, May 22nd – June 15
Ethereum

Celo Hackathon Series, Part 2: Social Sign-In, May 22nd – June 15

May 25, 2023
Fake Vitalik Buterin! Be careful! Help ban the scammer!
Ethereum

Fake Vitalik Buterin! Be careful! Help ban the scammer!

May 18, 2023
Next Post
Metaverse News : La saison 3 du jeu The Sandbox est là ! 1,5 millions de crypto SAND à se partager !

Metaverse News : La saison 3 du jeu The Sandbox est là ! 1,5 millions de crypto SAND à se partager !

Bored Ape Performance At VMA’s By Eminem & Snoop Dogg

Bored Ape Performance At VMA’s By Eminem & Snoop Dogg

Leave a Reply Cancel reply

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

RECOMMENDED

Umbrel Announces New Umbrel Home Plug-And-Play Server
Bitcoin

Umbrel Announces New Umbrel Home Plug-And-Play Server

by crypetonews
May 30, 2023
0

Umbrel, the company behind umbrelOS, has introduced a new home server solution called Umbrel Home with the intent of providing...

Marathon Digital (MARA) Mined 77% More Bitcoin (BTC) in May With the Help of Its Software

Marathon Digital (MARA) Mined 77% More Bitcoin (BTC) in May With the Help of Its Software

June 2, 2023
Metacade price prediction for June: buy the MCADE dip

Metacade price prediction for June: buy the MCADE dip

June 1, 2023
IBM Cloud Databases for Elasticsearch End of Life and pricing changes

IBM Cloud Databases for Elasticsearch End of Life and pricing changes

June 1, 2023
Dogecoin Drama: Elon Musk Faces Lawsuit For Alleged Crypto Market Manipulation

Dogecoin Drama: Elon Musk Faces Lawsuit For Alleged Crypto Market Manipulation

June 3, 2023
Bitcoin Mining Continues To Expand Despite Profitability Challenges

Bitcoin Mining Continues To Expand Despite Profitability Challenges

June 2, 2023
  • Trending
  • Comments
  • Latest
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023
What is the Erigon Node Consensus Layer?

What is the Erigon Node Consensus Layer?

February 15, 2023
3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

November 23, 2022
Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

May 12, 2023
Secured #5: Public Vulnerability Disclosures Update

Secured #5: Public Vulnerability Disclosures Update

May 3, 2023
U.S. GDP Grows by 2.6% – What Does This Mean for Crypto? – Blockchain News, Opinion, TV and Jobs

U.S. GDP Grows by 2.6% – What Does This Mean for Crypto? – Blockchain News, Opinion, TV and Jobs

October 27, 2022
PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

24
BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

20
⚠️*HUGEEE*⚠️ IT'S MAKE OR BREAK FOR BITCOIN !⚠️Crypto BTC Price Prediction/Cryptocurrency News Today

⚠️*HUGEEE*⚠️ IT'S MAKE OR BREAK FOR BITCOIN !⚠️Crypto BTC Price Prediction/Cryptocurrency News Today

24
Ending Logan Paul's Biggest Scam

Ending Logan Paul's Biggest Scam

40
I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

38
ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

34
Meme Coins On Bitcoin Blockchain Under Threat As Coders Seek Removal

Meme Coins On Bitcoin Blockchain Under Threat As Coders Seek Removal

June 6, 2023
Billionaire Mark Cuban Set To Drop His eBook As An NFT This Week

Billionaire Mark Cuban Set To Drop His eBook As An NFT This Week

June 6, 2023
Why Did Bitcoin BTC Price Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

Why Did Bitcoin BTC Price Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

June 6, 2023
Popular Analyst Says Litecoin on the Edge of Breaking Out, Updates Outlook on Ethereum – Here Are His Targets

Popular Analyst Says Litecoin on the Edge of Breaking Out, Updates Outlook on Ethereum – Here Are His Targets

June 6, 2023
Here’s Why LUNC’s Price Could Cross $0.00015 Soon

Here’s Why LUNC’s Price Could Cross $0.00015 Soon

June 5, 2023
Artists’ depictions of climate data can cut through politicisation of science, study finds

Artists’ depictions of climate data can cut through politicisation of science, study finds

June 5, 2023
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Meme Coins On Bitcoin Blockchain Under Threat As Coders Seek Removal
  • Billionaire Mark Cuban Set To Drop His eBook As An NFT This Week
  • Why Did Bitcoin BTC Price Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In