Cointime

Download App
iOS & Android

What is The Verge

Validated Individual Expert

In the previous days, we have discussed The Surge and The Scourge, the second and third stages of the Ethereum upgrade. We learned what these upgrades are focused on, how they will work, and what issues they address on the existing Ethereum network.

In continuation of this five-part post-Ethereum Merge article, we now discuss the fourth phase of the Ethereum upgrade — The Verge. Let’s all learn what it does to the network, how it works, and what improvements we can expect.

The Verge explained

The Verge phase gets its name from what it will introduce to the network: Verkle Trees.

Verkle trees, another method of tackling the issue of scalability, are a “powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” according to Buterin.

The Verge upgrade is set to reduce the amount of data that network validators have to store on their machines by using Verkle trees.

The Verkle trees are part of a broader roadmap for making Ethereum stateless — another complex concept that is still evolving. In its essence, the proposal aims to introduce stateless clients, where validating nodes don’t have to store state data before verifying blocks. It will lower the hardware requirements for running a node, strengthening the decentralization and resilience of the Ethereum network. The concept was first proposed by Buterin in 2017 and is still undergoing research and development by the community.

During the Verge, storage on the network will be optimized and node sizes will be reduced. In the end, this will help make Ethereum more scalable.

How does it work?

Aside from Verkle Trees, The Verge will work with the implementation of forks.

Introducing Verkle Trees

Verkle trees do require more complex cryptography to implement, but they present the opportunity for large gains to scalability. Their introduction will optimize storage and let users become network validators without storing large amounts of data on their machines. Instead of needing to provide all “sister nodes” at each level, the prover needs only to provide a single proof that proves all parent-child relationships between all commitments along the paths from each leaf node to the root.

The suggested roadmap includes three hard fork upgrades that will set the ground for achieving the goal of the Verge and the changes required for statelessness.

Shanghai Hard Fork Upgrades

The first upgrade that will happen is named “Shanghai”. Its purpose is to make changes to the gas cost and bring the cost for state access closer to the cost of witnesses. According to the official roadmap, this is needed to be implemented before switching to verkle trees as gas fees are an important signal for optimization to smart contract developers and will prompt them to take action.

The next hard fork “Shanghai+1” will amend the commitment scheme. During the upgrade, the Merkle Patricia Trees (MPT) current state root will be frozen and a Verkle tree commitment will be added, which will be initially empty. All state changes from that point onward will be recorded to this root, and will not affect the frozen MPT.

The actual replacement of the frozen MPT root with Verkle tree root will happen during the second upgrade “Shanghai+2”. These two upgrades are technically complex to execute and if they pose technical challenges, the community may have to postpone them.

The goal is to achieve “optimal statelessness” leading to reasonably small witness sizes that are quick to verify and easy to produce, typically taking a few seconds to compute.

This is all set to help to decentralize the network further.

Initial Thoughts

In a more recent Twitter post by Buterin that provided an update to the Ethereum roadmap, the developer stated that, “The Verge is not just about “verkle trees”, it’s about “verification”. Essentially, the endgame is “fully SNARKed ethereum.”

Once fully implemented, we can expect a faster verification and transaction process in the Ethereum network, while maintaining efficiency and ease of use at a fraction of a cost than what used to be during the pre-Merge era.

Comments

All Comments

Recommended for you

  • Dollar Index Erases All Gains Since CPI Report Release

    On October 15, the Dollar Index (DXY) slowly declined in the Asian session, completely erasing all gains since the release of the U.S. September CPI data yesterday (which had peaked with a cumulative increase of about 70 points), now reported at 102.16. The British Pound against the U.S. Dollar (GBP/USD) and the Euro against the U.S. Dollar (EUR/USD) both rose about 0.3%, currently reported at 1.3231 and 1.1197, respectively. (Jin10)

  • South Korean Stock Index Opens Down Over 5%

    On October 15, the South Korean KOSPI index fell below 6000 points, dropping 5.59% during the day. SK Hynix fell over 7%, while Samsung Electronics dropped over 6%. (Jinshi)

  • Fed's Daly: Rate Hikes May Be Necessary, But Not Urgent

    On October 15, Mary Daly, President of the San Francisco Federal Reserve, stated on Wednesday that the Fed may need to further raise short-term interest rates to curb excessive inflation. However, she also pointed out that there is no need to take such action at the Fed's meeting on October 27-28. "It is very likely that we will need to make further adjustments, but regarding the timing of those adjustments, I think we are still deliberating," Daly said. "I don’t feel there is a need to rush into a decision with limited information. I believe we have enough time."

  • BTC Falls Below $82,000

    Market data shows that BTC has fallen below $82,000, currently priced at $81,984.48, with a 24-hour decline of 2.01%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Drops Below $83,000

    Market data shows that BTC has fallen below $83,000, currently priced at $83,015.81, with a 24-hour decline of 0.46%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2500.4, with a 24-hour decline of 0.23%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Standard Chartered Launches Cryptocurrency Trading Service in UAE for High-Net-Worth Clients

    On October 14, Standard Chartered announced the launch of a cryptocurrency trading service in the UAE aimed at high-net-worth clients, having obtained the relevant license from the Dubai Virtual Assets Regulatory Authority (VARA). Eligible clients can buy and sell BTC and ETH directly through their existing Standard Chartered accounts without the need for independent wallets or third-party trading platforms, with the bank responsible for asset custody and transaction settlement. This service is launched in partnership with Zodia Markets and is initially available only to professional investors in the UAE, with plans to expand to other markets in the future. Standard Chartered stated that this is the first direct cryptocurrency trading service offered to wealth management clients and the first of its kind by an international bank in the UAE.

  • US Spot Bitcoin ETF Sees Net Inflow of $175.7 Million Yesterday

    On October 14, according to monitoring data from Farside Investors, the US spot Bitcoin ETF saw a net inflow of $175.7 million yesterday.

  • US Spot Ethereum ETF Sees Net Inflow of $24.8 Million Yesterday

    On October 14, according to monitoring data from Farside Investors, the US spot Ethereum ETF experienced a net inflow of $24.8 million yesterday.

  • Solana to Launch Alpenglow Upgrade on October 21, Aiming for 150 Milliseconds Transaction Finality

    On October 14, Solana announced that the Alpenglow upgrade will officially activate on October 21 at approximately 14:50 UTC. This upgrade will replace the existing TowerBFT consensus with the Votor consensus. After the upgrade, the median transaction finality time is expected to be around 150 milliseconds, compared to the current value of approximately 12.8 seconds. The upgrade supports single-slot migration without the need for node restarts; it will also remove validator voting information from blocks, reducing operational costs. Even if the actual on-chain usage remains unchanged, statistics indicate that the total number of transactions reported is likely to decrease significantly. The current price of SOL is around $107, and there has not been a noticeable market reaction yet. From a narrative perspective, this upgrade is beneficial for Solana's speed and scalability story; however, Solana has experienced multiple network outages in the past, and this upgrade carries execution risks, serving as a potential warning signal.