- Buterin believes that using single-digit keys can help Ethereum process multiple transactions simultaneously.
- Privacy-preserving transactions create permanent records, which increases the need for data storage.
- To store data in Ethereum New systems can be used that will reduce network load and improve scaling.
Co-founder Ethereum Vitalik Buterin presented a new approach to managing the growing volume of data on the network EthereumIts version uses nonce key values as a transaction structure, allowing the blockchain to track transactions while taking privacy, standard transfers, and other use cases into account.
Bye in Ethereum To prevent replay attacks, a single transaction counter per user is used. This method ensures strict sequencing of transactions, but limits the capabilities of privacy systems and prevents parallel execution. The one-time key method uses a unique key with a sequence number for each group of transactions.
This method will allow you to create separate domains by assigning different keys to transaction types such as private transfers and standard operations. Ethereum can process multiple transactions simultaneously because a separate tracking key is used for each transaction.
Buterin gave a clear example to explain the scale of the update. Ethereum It can process 2,000 privacy-preserving transactions per second for eight years under high network load. This will result in the blockchain storing approximately 500 billion permanent records.
In March, the editorial board Happy Coin News Wrote about Buterin’s comments regarding the new tasks Ethereum, related to privacy and security.
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