The Next Big Thing For Ethereum

Let's be honest two of the core cryptos that make the world go around are Bitcoin and Ethereum. Bitcoin as the stable battle tested blockchain that started it all and Ethereum which continues to advance and bring new features into the space such as NFTs, DeFi and so much more.

Today I want to talk a bit about what's next for the Ethereum blockchain and the next upgrade. With the recent roadmap update we are starting to see a shift in what was expected. From sharding to now danksharding. What is is and what will it do and bring to the blockchain. Let's go over that and more in this article.

What Is Danksharding

Ethereum and pretty much any blockchain has run into one of the biggest issues of high fees and congested networks. Any amount of scaling off of it on layer two tokens has helped but it's clear that the vast majority of people would rather deal in just Ethereum and not all these other off side shoot layer two options. (It's also why I feel days are numbered for Polygon (MATIC) once scaling solutions are added to Ethereum directly)

The first solution to this that gained popularity and has been talked about for years but never really implemented anywhere that I've seen was sharding. Basically you split the blockchain or network into smaller portions which improves efficiency. This improved efficiency brings things like server costs down or in the case of Ethereum fees.

However a new iteration of this has become even more popular and seems like the next stage of what Ethereum will implement. Danksharding is much like sharding but one key difference in that unlike sharding where each shard acts as it's own block and block proposer danksharding would have only one proposer.

How Does Danksharding Work?

The biggest takeaway from it is that no one knows the contents of the ordered list of the transactions that "builders" submit. This will help prevent selective picked from block producers and pick the ones that are paying the highest fees to issue in first over the others. Instead this new anonymous block from various shards now brings a equal playing field.

(Or at least it should I wonder if some applications however will issue a known higher fee on their blocks which could be targeted.) Some food for thought and research later.

This next update should include so far EIP-4844 which is proto-danksharing and 'blobs' This new upgrade seems like it will be called Dencun. From there Ethereum will move into some rather huge upgrades yet again. I would say even larger than changing from POW (Proof of work) to POB (Proof of Stake).

These next moves will come after the one listed above. The first of which is code named The Surge. From there it will move into "the Verge", "the Purge" and "the Splurge"

The Verge has a big feature asset called Verkle trees and Stateless clients. These changes aim to make Ethereum overall more light weight and improve decentralization. It's aimed to allow more people to activate nodes without having gigabytes worth of data on your disc.

The Purge remove old history from the blockchain. This effectivly means new nodes no longer have to run massive backlogs of the chains history and can instead just focus on the newer data. It's said old data will be phased out after 30 days and instead other systems will pick up the large log files while nodes wont have to.

The Splurge is a bit unknown so far as it's far off. But mainly this will be the "fun" stuff in which brings new evolutions to what is possible with the chain. This could be a next bull run as new features and innovation would quickly be happening on one of the largest chains and HOPEFULLY scaling and high fees wont be an issue. If we can get to that point with a bull run I believe we could see blockchain seriously take over and crypto be a true powerhouse of trillions of dollars beating out other assets.
*This article is for entertainment purposes only and is not financial advice.

Posted Using LeoFinance Alpha