Main concerns of the Ethereum community

Vitalik Buterin, founder of Ethereum, has published a new article detailing upcoming improvements to the network, focusing on PeerDAS, Verkle tree migration, and decentralized ways to store history as proposed in the EIP-4444 upgrade.

Focus on decentralization:

Buterin stressed the importance of decentralization as a key element of Ethereum's development strategy.

In his article, he addressed issues related to maximum extractable value (MEV) and the balance between reducing and isolating it.

These discussions came in response to a series of tweets from Peter Szilagyi, the core developer of Geth, who expressed concerns about MEV.

Buterin explained that many concerns related to MEV have already been addressed by existing protocol features, and that remaining issues can be resolved through modifications to the roadmap.

MEV emerged in 2020 when miners began using complex strategies to generate additional revenue from DeFi activities, affecting the integrity of the block proposal and leading to favoring larger players.

Infrastructure improvements

Buterin also stressed the importance of providing access to Ethereum nodes, which is a central issue in blockchain decentralization.

He highlighted EIP-4444 and the “Verkle” tree as key technologies for reducing node hardware requirements, which could reduce them to less than 100GB or even close to zero via log storage offloading.

Buterin acknowledged concerns about centralization if responsibility for case maintenance and evidence were offloaded.

He proposed an alternative: storing ancient history in a peer-to-peer network, where each node held a small portion of the data.

This would ensure durability across thousands of copies and possibly use erasure encryption for greater reliability.

Buterin also stressed that the first layer of Ethereum should support layer 2 projects, while maintaining the scalability and unique characteristics that make Ethereum special.

Posted Using InLeo Alpha