The latest update in Efirium

A new study by Paradigm analysts showed that one of the main threats to the Etherium network remains high technical requirements for nodes. Still, they must store “hundreds of gigabytes of data” to support transaction processing, check the current state of the blockchain and add new blocks.

After the Verge update is implemented, there will be “network-aware verification,” which will greatly simplify the process of double-checking data in the blockchain, according to Buterin. In this way, mobile and browser-based solutions, as well as smart watches, can be used as a network node.

Vitalik Buterin

The transition to the new type of verification also means that the network nodes will no longer have to store the entire blockchain, meaning they will focus on confirming new transactions. This will significantly lower the technical barrier for users, including solo-stakers.

ETH solo-staking is a process where a user self-participates in the Etherium network by blocking 32 coins to later create and validate new blocks as part of the Proof-of-Stake (PoS) algorithm. Unlike pools or third-party services, the solo-staker works without intermediaries and directly manages the node, which requires certain technical knowledge and constant connection to the network. Successful validators receive rewards in the form of additional ETH, but also bear the risk of losses in case of incorrect node operation or violations of network rules - including unintentional ones.

Dynamics of Etherium ETH supply since the transition to Proof-of-Stake

According to Cointelegraph’s sources, Vitalik Buterin published a new detailed post on his blog this week characterising Verge.

Buterin noted that the update was originally created to implement the Verkle tree, a cryptographic structure designed to reduce the size of proofs and provide verification without regard to network state.

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He also acknowledged concerns about the vulnerability of this principle of cryptography to quantum computing.

Werkle trees are vulnerable to quantum computers, and so if we replace the current encryption principle, it may then be necessary to revisit this point again.

As an alternative, developers are considering binary hash trees based on Scalable Transparent Arguments of Knowledge (STARK). They provide improved long-term security and scalability against the threats of quantum computing.

Changes in the value of Etherium ETH over the past three months

The Verge is also anticipating changes to the network’s gas charges – these are described in Proposal EIP-4762. This will adjust the gas fees for resource-intensive crypto operations to ensure scalability and security of the network, as well as introduce what Buterin calls “multi-dimensional gas.”

This new idea separates the cost of gas for different types of interaction with the network, whether it’s computation or calling individual functions. In this way, developers will be able to achieve improved resource management of the entire Efirium ecosystem amid the update’s focus on reducing hardware requirements.

The ability to run nodes on compact devices after the update is implemented will turn solo-stacking into a much more popular phenomenon. However, even after Verge integration, steakers will still have the problem of economic incentive. One way or another, not every digital asset enthusiast owns 32 ETH or approximately $80,000.

Vitalik Buterin, the creator of Efirium

With this in mind, a possible reduction to the requirements for steaking ethers in solo. Buterin mentioned such a prospect in the first part of his proposals for improving Efirium.

Along with this, he emphasised the importance of reducing the block finality from the current 15 minutes to 12 seconds, i.e. the time to create one slot in the network, as well as lowering the final transaction confirmation to 4 seconds.

Well, the second part of Vitalik’s recommendations was focused on the blockchain’s throughput, i.e. the number of transactions per second. The creator of Etherium considers a benchmark of 100,000 transactions per second to be appropriate, but this figure also takes into account the performance of second-level networks based on Ethics.

Etherium and other cryptocurrencies

The latter are becoming more and more numerous. For example, yesterday representatives of the cryptocurrency exchange Kraken reported about the decision to launch its own second-level chain called Ink, which will happen in the first quarter of 2025. The essence of the existence of this chain will come down to interaction with applications from the sphere of decentralised finance.

At the same time, the idea itself seems quite predictable success of trading platform Kraken on the release of the Base network from the largest cryptocurrency exchange in the United States Coinbase. The latter is gradually gaining points as a full-fledged ecosystem and has already taken the first place in terms of transaction volume among such platforms.

The largest second-tier Efirium-based networks by transaction volume


Nodes on the Efirium network on smartphones or smart watches will not be full-fledged, meaning they won't get full copies of the history of what's going on in the blockchain. Besides, there will hardly be many people willing to run the validator client on smartwatches, as it is trivially inconvenient. However, this will definitely improve the level of decentralisation of the blockchain, which is a definite plus.
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