• The project’s founder explained how a reduction in node costs could help its goals.
• Developers’ contributions decreased, and validator activity fell.

Ethereum [ETH] co-founder Vitalik Buterin, while admitting that node centralization was one of the blockchain’s biggest challenges, said that it could take 20 years to fix. Buterin, who was speaking at the South Korean Blockchain Week, gave reasons for his opinion.

Read Ethereum’s [ETH] Price Prediction 2023-2024

Ethereum nodes are necessary for the blockchain to function as they are responsible for validating transactions and monitoring the functional status of the blockchain.

Node operation requires a reduction

Currently, Ethereum has about 6,801 nodes with most of them hosted in the United States and Germany. About 35% of these nodes rely heavily on Amazon Web Services (AWS), which is a centralized entity.

According to Buterin, it takes about 100 gigabytes of data to run a node. And for Ethereum nodes to be fully decentralized, the cost of node operation needs to be reduced while Statelessness also needs to be taken seriously.

On 31 August, the Ethereum Foundation updated its roadmap where it discussed the role of Statelessness, state, and history expiry. In the document, the foundation defined Statelessness as a bit of a misnomer for changing the way Ethereum nodes handle state data. 

While highlighting how weak Statelessness may come before the strong one, Ethereum mentioned the need for Verkle trees. For the unaccustomed, Verkle trees are small

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Author: Victor Olanrewaju

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