Skip to main content

Vitalik Buterin Proposes ‘Simplifying’ Ethereum Like Bitcoin — Details

In a significant update to the protocol’s long-term roadmap, Ethereum co-founder Vitalik Buterin has called for the simplification of ETH’s base protocol to make the network more efficient and resilient.

How Can Ethereum Achieve Protocol Simplicity?

In a May 3rd blog post titled “Simplifying the L1,” Buterin shared his perspective on the need to simplify the Ethereum network, stating that simplicity is an important—but easy to undervalue—aspect of scalability and resilience. The crypto founder went on to applaud how beautifully simple the Bitcoin blockchain is.

Buterin said:

Even a smart high school student is capable of fully wrapping their head around and understanding the Bitcoin protocol. A programmer is capable of writing a client as a hobby project.

Ethereum

According to Buterin, protocol simplicity offers a variety of benefits that are crucial to ensuring that blockchain networks, like Bitcoin and Ethereum, remain a credibly neutral and globally trusted base layer. Meanwhile, it also reduces infrastructure costs, long-term maintenance expenses, and risks of bugs and malicious attacks.

In the blog post, Buterin also described how the Ethereum network can become close to as simple as Bitcoin in five years. According to the co-founder, one of the three ways of achieving this simplicity is through a more optimal consensus layer, with most notably a 3-slot finality redesign.

Furthermore, Buterin mentioned the simplification of the execution layer, complaining about how the complexity of the Ethereum Virtual Machine (EVM) has unnecessarily increased. To fix this, the crypto co-founder proposed replacing the EVM with a new minimal virtual machine (like RISC-V).

The co-founder noted:

The biggest challenge with meaningfully simplifying (or even improving without complexifying) any part of the EVM is how to balance accomplishing the desired goals with preserving backwards compatibility for existing applications.

Finally, Buterin outlined that the third and “most easily underrated” way of enhancing protocol simplicity is to share one standard across different parts of the protocol. “There is typically very little or no benefit to using different protocols to do the same thing in different places,” the Ethereum co-founder said. 

Buterin concluded that simplicity is extremely similar to decentralization, which are both requisite in achieving resilience in blockchains. 

Ethereum Price Overview

While Buterin will be looking to make adjustments to the Ethereum network, ETH investors will hope that these enhancements will translate to the value of the Ether token. ETH’s performance has been quite underwhelming so far in 2025, registering four red months to start the year.

As of this writing, the price of Ether stands around $1,817, reflecting a 1.6% decline in the past 24 hours. It is worth mentioning that the Ethereum price has enjoyed some bullish momentum in the past two weeks, with its value increasing by nearly 15% in that period.

Ethereum



from Bitcoinist.com https://ift.tt/ARjquKh

Comments

Popular posts from this blog

Bitcoin ETFs Post Second Straight Week Of $500 Million Outflow — Details

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States. Over the past year, strong inflows into the US Bitcoin ETF market have constantly been associated with positive action for the BTC price. Fittingly, the price of Bitcoin has been consolidating over the past few weeks, struggling to pick up any real momentum. Bitcoin ETFs Record Fourth Consecutive Outflow Day According to the latest market data , the US Bitcoin ETFs registered a total daily outflow of $62.77 million on Friday, February 21. This latest round of withdrawals marked the fourth straight day (and the eighth day in the last nine trading days) that the crypto-based products would witness a net capital outflow. The Grayscale Bitcoin Trust (with the ticker GBTC) accounted for a larger percentage of Friday’...

Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price Action

Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly to reassure investors, easing some of the initial panic and stabilizing the market. Despite this, Bitcoin continues to consolidate in a tight range. Crypto expert Daan shared an analysis on X, noting that BTC is still ranging while volatility is steadily decreasing. As price compression increases, traders are on high alert for a potential explosive move....

OpenSea Dodges A Bullet As SEC Drops Investigation—Details

In a move that many in the crypto industry view as a positive signal, the US Securities and Exchange Commission (SEC) has officially discontinued its investigation into OpenSea, the leading NFT marketplace. This decision concludes months of uncertainty regarding the regulatory status of NFTs and their classification under US securities laws. SEC Decision Signals A Shift On February 21, 2025, Devin Finzer, the CEO and co-founder of OpenSea, said the SEC will not take any enforcement action against the firm. This comes following the August 2024 Wells Notice to OpenSea issued by the SEC, which indicated the possibility of legal action on alleged unregistered securities offenses. The outcome of this case suggests a possible shift in the way authorities handle NFTs, therefore affecting the whole scene of digital assets. For the industry, this outcome has been seen as a major turning point. Though they are in rivalry with OpenSea, Chris Akhavan, the Chief Business Officer of Magic Eden,...