Ethereum: Why are the balances not kept on blockchain?
When it comes to managing assets and transactions in the Ethereum network, it often wonders why the hips are not stored directly in the blockchain. In this article, we will explore the reasons behind this design decision and how the inclusion of new balances together with each transaction can be more efficient.
Current approach: A short overall look
Currently, when a user makes a transaction on the Ethereum network, the following happens:
- The sender’s account is asked to take over the balance.
- The sender is then allowed to send ETER (ETH) or other assets to the recipient.
- Once the transaction is processed, the sender’s new balance is updated.
While this approach has its advantages, it also has some disadvantages. Here are some reasons why the hips are not kept directly on the blockchain:
* Scalability: As the Ethereum network increases in terms of the number of transactions and users, storing hips directly in each block can lead to increased times and transaction processing costs.
* Security: If an attacker manipulated a user’s account balance could earn control over their assets. By storing balances on blockchain, it becomes much more difficult for an attacker to exploit this vulnerability.
* Lack of efficiency:
As mentioned above, crossing full blockchain to determine a user’s balance can be time-consuming and expensive.
Alternative: Including new hips together with each transaction
Now, let’s imagine a scenario in which the hips are stored directly in each block. This is known as “block -based accounting”.
Here’s what would happen:
- When a transaction is processed, the sender’s new balance (including any transaction or pending taxes) is calculated and included in the block.
- The updated balance sheet is then broadcast on all network nodes.
This approach has more advantages:
* Improved scalability: By the fact that you do not have to interrogate blockchain for hips, transaction processing times can be significantly reduced.
* Improved security: With block -based accounting, it becomes much more difficult for attackers to handle a user’s balance without affecting other transactions in the same block.
* Effective use of network resources:
By storing hips directly in each block, the network can preserve the calculation resources and reduce the amount of data to be processed.
Conclusion
While storing balances on blockchain might seem like an effective solution, it comes with some disadvantages. In this article, I explored why the hips are not stored directly in the Ethereum network. However, taking into account alternative approaches, such as block -based accounting, it is clear that there are ways to improve scalability, security and efficiency.
As the Ethereum network continues to evolve, it is essential for developers and users alike remain informed about the latest potential developments and solutions. Who knows? Maybe one day, we will see a future in which the hips are kept directly in each block!
related items
- “Ethereum 2.0: What do you need to know”
- “How to use intelligent Ethereum contracts”
- “Benefits of decentralized Finance (Defi) in the Ethereum network”