A blockchain researcher posted a discussion on Twitter about the stability of the second most popular blockchain network. There are fears that as data accumulates, the stability of the network and its independence will be greatly questioned.
It is argued that the amount of resources needed to keep the Ethereum network running increases as it attracts more users. For this reason, the load on Ethereum will increase to infinity, which will eventually lead to the destruction of the network.
Twitter user @SalomonCrypto added that “Ethereum is a world computer, a single public computing platform in the space between a network of 1,000 nodes. Nodes and the Ethereum Virtual Machine (EVM) work together to put Ethereum history into blockchain records.
SalomonCrypto’s main argument is that Ethereum stores each account’s data, including in a genesis block, which may be adequate for the current size of the data. Without intervention, the size of the spreadsheet would grow to infinity and collapse the entire decentralization system.
As a solution, SalomonCrypto proposed “expiry,” in which unused states become inactive. With State Expiry, EVM state size can be controlled because the nodes will offload obsolete data to make room for new objects, and state size will remain stable over time.
Expiry is a very interesting and important area of Ethereum research. The bottom line is that we will need to implement some schemes. It’s relatively simple: choosing a system is one thing, implementing it is another.
In general, the idea is to change the data structures that store EVM state.
➤ Link to Getsomecoins’s Telegram Channel is here.