Cointime

Download App
iOS & Android

What is The Scourge

Validated Individual Expert

In the previous article, we have discussed the second stage of the Ethereum upgrade — The Surge. We now know that this upgrade is focused on introducing systems that allow the creation of scaling solutions to achieve a more user-friendly environment.

We now proceed with The Scourge, the third stage of the Ethereum upgrade. We will discuss what it does, how it works, and what improvements we can expect.

The Scourge explained

The Scourge phase was not part of the initial road map of upgrades of the Ethereum network. It was only added recently and was announced by Ethereum co-founder Vitalik Buterin via Twitter on November 5, 2022.

According to the post that introduced The Scourge, its goal is to “ensure reliable and credibly neutral transaction inclusion and avoid centralization and other protocol risks from MEV.”

Maximal extracted value (MEV) is the ability for a validator to dictate how transactions are included in a block, and in what order, allowing them to front-run other participants on the network and extract value at their expense.

A rise in the prevalence of MEV has led many to associate the Ethereum network with a higher level of centralization, which Buterin seeks to rectify with The Scourge. According to the project’s cofounder, The Scourge will enable the creation of a more “credibly neutral” consensus layer by removing the ability for validators to exploit transactions that occur on the network in their favor. This may also include in-protocol pre-confirmations and frontrunning protections.

The scourge also includes PBS, or Proposer Builder Separation, which is the idea that constructing and proposing blocks in a blockchain should be delegated to different entities to increase network security and prevent MEV-related attacks.

How does it work?

As of this writing, the full details of the Scourge are still not out yet, but previous posts by Buterin hint at what it could include, such as a “Partial Block Auction” solution where ab block builder is only permitted to decide some of the contents of the block, decreasing their level of influence, according to Kitco.

Proposals designed to combat censorship at the consensus layer have also been submitted, including the Single Unifying Auctions for Value Expression (SUAVE) solution that was put forward by the Ethereum research and development company Flashbots.

Along with the addition of the Scourge, an update to the Verge was also confirmed in the post by Buterin, which detailed the integration of Succinct Non-Interactive Argument of Knowledge (SNARK) technology into the smart contract platform. SNARKs will bring privacy-preserving features to the Ethereum network that simultaneously allow anonymous transactions to be tracked.

According to Buterin, “The Verge is not just about “verkle trees,” it’s about “verification.” Endgame: fully SNARKed Ethereum.”

Initial Thoughts

A number of questions continue to arise that need to be addressed, including how will such feature be implemented, determining the best algorithm and concerns surrounding validators.

Adding this phase allows the network to be more user-friendly, faster and cheaper than ever before. For now, what we can do is wait for the Ethereum Foundation, especially its co-founder, to release the full details of The Scourge.

As Ethereum developers continue to update the network’s roadmap and explore potential upgrades, don’t be surprised if you hear more words that rhyme with “merge,” “surge,” “scourge,” “verge,” “purge,” “verge,” and “splurge” in the future.

Comments

All Comments

Recommended for you

  • U.S. July Nonfarm Payrolls Fall by 23,000, Missing Market Expectations

    On August 7, U.S. nonfarm payrolls decreased by 23,000 in July, compared with market expectations of an increase of 80,000, and the previous value was an increase of 57,000.

  • US May and June Nonfarm Payroll Additions Revised Down by 103,000 Combined

    On August 7, the US Bureau of Labor Statistics: May nonfarm payroll additions were revised down from 129,000 to 63,000; June nonfarm payroll additions were revised down from 57,000 to 20,000. After the revisions, the combined additions for May and June were 103,000 lower than previously reported.

  • U.S. Rate Futures Market Sees Lower Odds of Fed September Hike

    On August 7, the probability of a Fed rate hike in September as priced by U.S. interest rate futures declined.

  • New York Gold Futures Top $4,400 per Ounce

    New York gold futures topped $4,400 per ounce, up 2.36% on the day.

  • Japan Finance Minister: FX Market Affected by Moves Not Driven by Actual Demand

    Japanese Finance Minister Satsuki Katayama said she and U.S. Treasury Secretary Bessent agreed that the foreign exchange market has been affected by moves not driven by actual demand.

  • BTC Breaks Through $65,000

    Market data shows BTC has broken through $65,000, currently reported at $65,007.44, with a 24-hour increase of 0.6%. The market is highly volatile, please exercise risk control.

  • Brent Crude Drops 2.00% Intraday to $81.07/Barrel

    Brent crude oil fell 2.00% during the day, now at $81.07 per barrel. (Jin Shi)

  • Trump: Data Centers May Be More Important Than Oil

    August 7 news, U.S. President Trump said in an interview with Punchbowl News, "I saw the other day that Texas seems to be opposed to building data centers. I think that's a mistake. I'm not taking a position—I just think it's a mistake, because there are other communities that want to build data centers. When a community is willing to accept data centers, it means a lot of money will flow into that community. I don't think they're ugly. Some of the data centers I've seen are the most incredible buildings I've ever seen. They are very important to the economy. If Texas says no to data centers, that's a mistake, because data centers may be more important than oil."

  • Trump to Meet with Mining Executives

    On August 7, according to CCTV International News, US President Trump will convene executives from some of the world's largest mining companies at the US State Department on August 7 local time, in an effort to take action to 'secure critical mineral supplies for the US and its allies.' Reuters reported that the US urgently needs critical minerals to replenish weapons inventories depleted during the war against Iran. During the more than five-month war with Iran, the US military expended large quantities of precision-guided missiles and air defense interceptors. US defense officials and lawmakers have warned that given existing production capacity constraints, replenishing some stockpiles could take years—although the Trump administration has denied reports of a so-called 'severe shortage of ammunition stockpiles.' According to Pentagon officials and defense companies, supplies of minerals such as rare earths, tungsten, germanium, and scandium are essential for manufacturing precision-guided missiles, fighter jets, armored vehicles, infrared sensors, and other advanced weapons systems. Expected attendees include industry giants such as global mining giant Rio Tinto Group, Australia's BHP, US Freeport-McMoRan, US Mountain Pass Materials, US Rare Earths, US Energy Fuels, and Canada's Metals Company. According to sources, the Trump administration plans to announce multiple deals and memorandums of understanding.

  • US Regulators Systematically Review Chinese AI Firms' Third-Country Computing Power Leasing

    August 7 news, according to Bloomberg, people familiar with the matter revealed that the U.S. government department responsible for investigating chip export control violations is reviewing Chinese AI companies' leasing of computing power in third countries to obtain Nvidia advanced chips.