As an experienced analyst, I am particularly intrigued by the recent developments in Ethereum, with Vitalik Buterin’s latest update providing valuable insights into the network’s progress and upcoming enhancements. The successful implementation of the Dencun upgrade, introducing proto-danksharding (EIP-4844), has significantly improved network efficiency, marking a substantial step forward following the Merge and Shanghai upgrades.
As a researcher studying Ethereum, I’m excited to report that Vitalik Buterin, its creator, has shared new insights into Ethereum’s roadmap. In his latest update, he highlighted substantial advancements and upcoming projects designed to enhance the functionality of the blockchain network. This announcement comes on the heels of the recent Denver upgrade, which was deployed on March 13. The main objectives of this upgrade include reducing transaction costs for layer-2 solutions and improving overall data availability.
The Dencun update brought about proto-danksharding or EIP-4844, a new feature enabling data “packets” to be integrated into blocks. This enhancement signifies a significant leap in network efficiency, expanding upon the accomplishments of the Merge and Shanghai upgrades.
As an analyst, I would describe it this way: In the upcoming upgrades, The Verge takes the stage next. It brings Verkle trees into the picture, which translates to stateless clients and significantly reduced node running costs. This change is expected to boost the layer-1 gas limit by a factor of ten, leading to more affordable transactions for users.
As a crypto investor, I would describe it this way: The developers are working on streamlining the Ethereum Virtual Machine (EVM) by getting rid of some complexities. They plan to eliminate features like the SELFDESTRUCT opcode and the 2,300 gas stipend. By doing so, they aim to make the EVM more efficient and easier to use.
In his recent update, Buterin mentioned that the restriction on the SELFDESTRUCT opcode is close to being fully implemented. Although this opcode still exists for the time being, the problematic aspect of it – allowing an infinite number of storage slots to be modified at once – has been tackled through the Denasum upgrade. This modification is a significant milestone towards streamlining Ethereum‘s protocol, enhancing its security, and boosting performance.
The self-destruct ban, which was largely incomplete, has undergone significant changes. Although the opcode remains in existence for the time being, its most detrimental functionality – the ability to edit an infinite number of storage slots simultaneously – has been eliminated since Dencun.
— vitalik.eth (@VitalikButerin) May 20, 2024
These changes showcase Ethereum’s continuous work to transform into a more agile and productive blockchain.
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2024-05-20 19:23