Ethereum
Ethereum News – In the last edition of The 1.x files, we did a quick re-cap of where the Eth 1.x research initiative came from, what’s at stake, and what some possible solutions are. We ended with the concept of stateless ethereum, and left a more detailed examination of the stateless client for this post – State of Ethereum.
The State of Stateless Ethereum
To see where we’re going, we must first understand where we are with the concept of ‘state’. When we say ‘state’, it’s in the sense of “a state of affairs”.
The complete ‘state’ of Ethereum describes the current status of all accounts and balances, as well as the collective memories of all smart contracts deployed and running in the EVM. Every finalized block in the chain has one and only one state, which is agreed upon by all participants in the network. That state is changed and updated with each new block that is added to the chain.
In the context of Eth 1.x research, it’s important not just to know what state is, but how it’s represented in both the protocol (as defined in the yellow paper), and in most client implementations (e.g. geth, parity, trinity, besu, etc.).
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