My understanding is a leaner version of SMTs is under development and a new database system (rocksDB) is to be deployed which will hold a lot of stuff that had been floating around in RAM to be stored on disk. This should allow full witness like nodes to run on machines that will be much more affordable; which should help to further decentralize the network and make everything much cheaper to manage.
[NOTE: The above interpretation is open for debate and likely mis-interpreted in many areas. It is not meant as financial advice but Ned's post is making me feel very bullish. 😎]
Thank you for the clarification.
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Thanks! 😊