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The EVM design choices are tightly bound with the on-chain storage of data. On ethereum you pay for reads (less) and writes (more) but everything is very expens
by jwlake 5y ago
The EVM design choices are tightly bound with the on-chain storage of data. On ethereum you pay for reads (less) and writes (more) but everything is very expensive because it's stored in a merkle tree with computationally expensive operations.
Alot of the WASM experimentation has also included changes around how storage is charged. Specifically NEAR does a deposit system where you have to HODL to store data on chain. That allows them to innovate in the runtime and cost structure and still incentivize blockchain nodes.
So it's not entirely gas accounting for computation, its more pricing for storage that probably keeps eth on EVM indefinitely.
Other experimental chains are must more likely to become robust and trusted and more performant and then eclipse ethereum.
- duncancmt 5y agoEthereum considered implementing storage rents, like NEAR, but instead decided to transition to a verkle trie model that permits succinct proofs of state values. State rent presents some serious problems regarding composeability. What the state-of-the-art solution for state rent on resources that are effectively common goods?