Crypto News– Herodotus, a London-based startup, has unveiled a developer tool named the ‘on-chain accumulator,’ which enables users to access and verify data from any point in Ethereum’s history through the use of cryptographic ‘storage proofs.’
StarkWare’s ‘Storage Proofs’ Employed for Ethereum Historical Data Verification
This innovative tool, developed in collaboration with StarkWare, a company specializing in scalability solutions, addresses a notable limitation within Ethereum.
Currently, Ethereum only validates the last 256 blockhashes. The introduction of this technology aims to pave the way for the development of permissionless ‘account recovery systems’ reliant on past and present on-chain data verification. Additionally, it has the potential to streamline the creation of insurance protocols that leverage historical on-chain activities to determine payouts or provide coverage.
Suddenly, everyone will be able to access whatever they want from parts of Ethereum’s history — and, very soon, will be able to go however far back they want,It’s an innovation that is sorely needed to bring Ethereum in line with the principles of transparency and accessibility that are so central in blockchain communities.
Kacper Koziol, co-founder of Herodotus
The launch of the on-chain accumulator tool took center stage at the recent Starknet Summit in San Francisco. Storage proofs, and cryptographic techniques for confirming the authenticity of data, transactions, or assets on a blockchain, are at the core of this development.
What’s noteworthy is that this technology is compatible with both Ethereum and the Layer 2 blockchain solution.
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