Ethereum: Why can’t I get stored on blockchain?
When it comes to managing property and transactions online, Ethereum is often asked why the balance is not stored directly in blockchain. In this article, we will explore the reasons behind this design decision and how to involve new balance together with each transaction can be more effective.
Current Access: Brief Review
Currently, when the user executes a transaction on the Ethereum network, the following happens:
- The sender’s account is required to take over his balance.
- The sender is then allowed to send an ether or other property to the recipient’s address.
- After the transaction has been processed, a new sender balance is updated.
Although this approach has its advantages, it also has some disadvantages. Here are some reasons why balance are not stored directly on blockchain:
* Scalability: As the Ethereum network increases with regard to the number of transactions and users, storage of balance directly within each block can lead to increased time and transactions processing costs.
* Security: If the attacker manipulated the balance of the user’s account, they could potentially gain control of their property. By storage of the state on Blockchain, it becomes much harder for the attacker to use that vulnerability.
* Lack of efficiency: As mentioned earlier, a transition to the whole blockchain to determine that the balance of users can be long -lasting and expensive.
Alternative: Including new balances along with each transaction
Now, imagine a scenario in which balance is stored directly within each block. This is known as “block -based accounting”.
Here’s what would happen:
- When a transaction is processed, a new sender balance (including any transactions or fees) is calculated and included in the block.
- Updated balance is then broadcast to all knots online.
This approach has several advantages:
* Improved scalability: If you don’t have to absorb blockchain for balance, transaction processing time can be significantly reduced.
* Improved security:
With a block -based accounting, it becomes much harder for the attackers to manipulate the user’s balance without affecting other transactions in the same block.
* Effective use of network resources: By storing balance directly within each block, the network can preserve computer resources and reduce the amount of data to be processed.
Conclusion
Although storing a blockchain condition may look like an effective solution, it comes with some disadvantages. In this article, we have explored why the balance is not stored directly within the Ethereum network. However, taking into account alternative approaches such as a block -based accounting, it becomes clear that there are ways to improve scalability, safety and efficiency.
As the Ethereum network continues to develop, it is crucial for developers and users to remain informed of the latest development and potential solutions. Who knows? Maybe one day we will see a future where balance is stored directly within each block!
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