04-05, 12:55–13:15 (Europe/Zurich), Surge Stage
This talk is meant to explain UTXO, it’s benefits and how it helps to scale Ethereum. Concepts such as state bloat, parallelization, merkle trees, access lists and predicate will be covered in order to show how UTXO based VMs can help to scale the ecosystem.
One of the biggest issues regarding the Ethereum ecosystem's scalability is the EVM, specifically, state bloat and increasing hardware requirements for running a node pose a threat to the network's decentralization. Additionally, the linear nature of EVM execution presents an unsolvable challenge that ultimately hard limits the scalability of the network (see github.com/ethereum/EIPs/issues/648).
In this context, the UTXO and its atomic state design offer a great alternative that can solve these problems by minimizing the state of the chain and offering easy parallelization of the execution. This exponentially increases the amount of transactions that the network can serve.
Developer Relations Engineer at Fuel Labs. Educator. More than 6 years growing good vibes communities.