Follow by Email
Facebook
Twitter
Telegram

What to Expect After Ethereum Purge

Close up shot of hand holding silver and gold various digital cryptocurrencies, with Ethereum on top.

In a recent post on X (formerly Twitter), Ethereum co-founder Vitalik Buterin revealed what users should look forward to with upcoming changes. With this initiative on the way, let’s check what the new protocol will bring and how it will affect the network and the blockchain.

What is the ‘Purge’?

The ‘Purge’ is part of Ethereum’s roadmap initiated in September 2023 with the ‘Merge,’ where the protocol shifted from a ‘Proof of Work’ (PoW) to a ‘Proof of Stake’ (PoS) setup. As the fourth of the five-part process, it intends to streamline ETH for better storage space and reduce technical debt.

What to Expect

Some improvements in the ETH network after the Purge include:

Simplified Protocols

According to the ETH co-founder, the introduction of the Ethereum Improvement Protocol (EIP)-6780 removed most of the code functions associated with ‘SELF DESTRUCT.’ This change also ensures simpler processes and added security within the network. 

Higher Storage Blocks

With the update, EIP-4444 will also be introduced within the system, limiting the historical data stored within each node on the blockchain. The update won’t require data more than a year old, making more room for new data for each node.

Faster Processing

In addition, processes within the ETH network will be faster and more efficient, as historical data will only be needed when synching to the chain’s head or upon specific requests.

Smoother Development

The removal of precompiled ETH contracts in the network tackles existing legacy concerns that could hinder its growth, opening doors for better adaptability in the future.

What’s Next for Ethereum

Ethereum is constantly updating and moving with the times to ensure it can keep up with modern crypto demands. The Purge plays a vital role in making ETH more efficient, secure, and decentralized – a key to staying on top of the curve.

While ETHi now runs on the Polygon Network, Ethical Token allows people to join the push for decentralized homeownership. Based on rent-to-own US real estate, ETHi lets you be part of our goal of changing how people own a property with stable and secure returns. Check ethicalfinace.co for more information.

Related articles

SVB Downfall: The Silver Lining for Crypto

Silicon Valley Bank’s collapse affected many business sectors, from stockholders to investors with extensive bank deposits. Though the government will aid in mitigating the situation, only a fraction of the loss can be received by SVB.  This crisis became a big blow to the banking industry because of the opacity of their operation. On the […]

Learn More

Spotting Common Crypto Scams (and How to Dodge Them) 

Financial scams, like the infamous Nigerian Prince scams and ‘get rich quick’ schemes, have been a severe issue for most people. With the advancement of technology and the prevalence of cryptocurrency, scammers have adapted and transitioned from taking your money to cryptocurrency.  This article will examine some common crypto scams per the Federal Trade Commission […]

Learn More

Bitcoin ETF: What You Need to Know 

If you’ve been browsing cryptocurrency-related sites or listening to the news, you may have heard of the term “Bitcoin ETF.” A recent addition to the world of blockchain trading, ETFs offer a new and simpler way to invest in cryptocurrencies.  Here are the basics of Bitcoin ETF – what it is, how it works, and […]

Learn More