Vitalik Buterin has endorsed a plan to rebuild how Ethereum handles simple payments by copying a method Bitcoin has used since 2009. The core issue is that every new account permanently burdens the network since nodes store all created addresses. With one billion accounts in the current format, Ethereum would require up to 150 gigabytes of storage, versus only 300 megabytes under Bitcoin’s UTXO model where spent coins leave roughly one-third of a byte behind. Buterin also proposed bundling transaction checks into compact packages using STARK proofs, allowing a single 128 kilobyte block to settle an enormous batch of payments. ETH has stalled around $1,903 for weeks, and neither proposal has a launch date.
Source: Read the original article

