Cointime

Download App
iOS & Android

Vitalik published an article outlining the next steps regarding Ethereum protocol simplification and node resource load reduction (Purge)

On April 1st, Ethereum co-founder Vitalik Buterin published a post titled "Explanation of Purge Steps for Simplifying Ethereum Protocol and Reducing Node Resource Load." Vitalik stated that the EIP-6780 in the Dencun hard fork removed most of the functionality of the SELFDESTRUCT opcode, simplifying the protocol by eliminating complexity and adding new security guarantees. Therefore, Vitalik marked it as an important part of the purge, and discussed other purges that are currently taking place. In addition, Vitalik listed precompilation, history (EIP-4444), LOG reform, and migration to SSZ as other areas that may need to be purged. Regarding precompilation, Vitalik pointed out that the demand for some precompiled functions is much lower than expected, and these precompiled functions are a huge source of consensus errors and a huge pain point for new EVM implementations.

Comments

All Comments

Recommended for you

  • HKEX CEO: Virtual asset exchanges have become HKEX’s competitors

    On May 10th, Hong Kong Exchanges and Clearing Limited's new CEO, Nicolas Aguzin, stated in an interview with the Shanghai Securities News that HKEX faces competition not only from other securities exchanges, but also from external competitors such as virtual asset exchanges. In order to meet the rapidly evolving demands of customers and technology, HKEX must balance innovation and stable business operations, continuously expand its resources for listed companies, and improve its market services.
  • Marathon reports record net revenue of $337.2 million in first quarter of 2024

    Bitcoin mining company Marathon Digital Holdings reported a record net profit of $337.2 million in the first quarter of 2024. The quarterly net profit announced by the company in its earnings report on May 9th increased by 184% compared to the first quarter of 2023, which was $118.7 million. The diluted earnings per share for this quarter were $1.26. The company announced that its first quarter revenue for 2024 reached a record $165.2 million, an increase of 223% from the same period last year, which was $51.1 million.
  • Binance CEO: Nigerian officials demanded $150 million in bribes

    Binance CEO Richard Teng has remained silent on the legal crisis in Nigeria for the past few months, but today Binance executive Tigran Gambaryan posted on the matter of his being charged in Nigeria, stating that unidentified individuals had contacted the exchange's employees and suggested paying a sum of money to resolve the charges. According to DL News, Nigerian officials have demanded a possible bribe of up to $150 million in cryptocurrency from Binance. In a statement, Richard Teng said that lawyers had been asked to make a large payment in cryptocurrency within 48 hours.
  • Uniswap founder: Founders and VCs need to stop valuing startups and pre-coin crypto projects at more than $1 billion

    Uniswap founder Hayden Adams posted on social media that cryptocurrency founders and venture capitalists need to stop valuing projects at over $1 billion in the early stages of development and before tokens have been released, until they are truly worth that valuation. Building something worth 7-9 figures is an incredible achievement, and not every project needs to be a unicorn at launch. Additionally, Hayden Adams said, perhaps it's naive, but I think raising funds as a founder at a fair valuation (real talent wants upside) and investing at a fair valuation as a VC (LPs want upside) can make more money. It's just harder to do it that way.
  • Trump: The US will stop being hostile to cryptocurrencies and embrace them

    According to Watcher.guru on X platform, former President Donald Trump stated that he will stop the hostility towards cryptocurrency in the United States and embrace it.
  • Fed's Collins: Reaching 2% inflation may take longer than expected

    The Fed's Collins stated that it may take longer than expected to reach a 2% inflation level; the policy is appropriately restrictive for risks; rates should be maintained until confidence is strengthened; the full impact of restrictive policies may not yet be seen; high uncertainty reinforces the need for the Fed to remain patient; it is necessary to slow down the US economic growth in order to put inflation on the path towards a 2% decline; there has been no sign of inflation falling back since 2024; demand is expected to eventually slow down, but there is uncertainty regarding timing.
  • Messari releases Fantom Q1 report: Market value increased by 101% month-on-month, DeFi TVL increased by 59% month-on-month

    Messari recently released the Fantom 2024 Q1 status report, with the following highlights:
  • Chairman of the U.S. SEC: The crypto market is a hotbed of fraud, and investors are not getting the necessary information disclosure on related assets

    According to CNBC, Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), stated in an interview that the SEC oversees $110 trillion in capital markets, with approximately half in the stock market and half in the bond and other markets. Cryptocurrency is only a small part of the entire market. However, it is a huge part of fraud, deception, and problems in the market, as most of the content in this field does not comply with securities law protection.The SEC cannot talk to any company, but in the field of crypto assets, without prejudging any of them, according to the US Supreme Court's interpretation, many tokens are securities under local law, so we comply with this law, and investors do not receive the necessary information disclosure about these assets.
  • Vitalik Buterin: ZK-SNARKs and other technologies are inefficient, and Ethereum aims to achieve real-time proofs

    Vitalik Buterin, the founder of Ethereum, gave a keynote speech titled "Reaching the Limits of Protocol Design" at the 2024 Hong Kong Web3 Carnival. Vitalik Buterin stated that technologies such as ZK-SNARKs, MPC, and FHE have efficiency and security issues. Ethereum's slot block time is 12 seconds, the average block verification time is about 400 milliseconds, and the ZK-SNARK proof time is about 20 minutes. Ethereum's goal is to achieve real-time proof. Regarding the current low efficiency issue, Vitalik stated that the solution is "parallelization and aggregation trees", using SNARK algos and hash to improve efficiency, and using ASIC for ZK hardware acceleration.
  • Vitalik: Humanity needs to create a world where blockchain and artificial intelligence work together

    Vitalik Buterin, the founder of Ethereum, stated at BiddleAsia 2024 held at Signiel Seoul in the Songpa district on March 28 that artificial intelligence is a huge market and its importance is increasing day by day. We need to create a world where blockchain and artificial intelligence work together. Artificial intelligence can now create applications with 100 to 500 lines of code. Vitalik also stated that the ability to write 10,000 lines of code can eliminate most of the bugs in the Ethereum virtual machine.