Ahead of the much-anticipated Ethereum migration from Proof of Work (PoW) to Proof of Stake (PoS), the Ethereum Foundation announced the successful merge on the ‘Kiln’ testnet.
With sharding, an important aspect of the PoS network, Vitalik Buterin, Ethereum’s co-founder, has taken to Twitter (NYSE:TWTR) to share ideas for EIP-4844, where he introduced a new concept called “Proto-danksharding”.
Buterin Proposes New Updates in EIP-4844
The Proto-Danksharding proposed by Buterin will replace the “merged fee market,” in which one proposer on the network chooses all transactions, and all data fits into that slot instead of separate proposers for every shard.
Buterin’s solution in EIP-4844 can be an interim variant as it includes the implementation of some danksharding elements. However, at the same time, pro-danksharding is expected to lead to increased data usage as it requires a much greater block size.
As a fix to this drawback, Vitalik Buterin also included a function in his proposal that auto-deletes blob data every 30 days. Doing so will prevent the network from having excessive data and memory storage requirements.
On the Flipside
- Since implementing EIP-1559 during the ‘London‘ Hardfork, over two million Ether tokens (worth approximately $5.7 billion) have been burnt.
Why You Should Care
The EIP-4844 proposal is one of many updates put forth by Buterin seeking to bring tremendous changes to the Ethereum network as it evolves into a PoS model.
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