Ethereum is constantly undergoing changes, and recently, Vitalik Buterin has teased plans to make the protocol as simple as the Bitcoin protocol.
Ethereum is one of the most influential blockchains in the world. However, even its co-founder, Vitalik Buterin, admits the blockchain network has gotten too complicated, which is creating problems that could threaten its future.
In a detailed new proposal, Buterin shares a bold plan to make the blockchain more secure, simple, and faster by learning a few things from Bitcoin (BTC).
Vitalik Says Ethereum Is Too Complicated, Proposes Solutions
Ethereum was built to be more than just a digital asset. It is a platform that powers smart contracts and decentralized apps and supports innovations. However, its design has become more challenging to manage over the years.
Vitalik Buterin states that this complexity has led to high development costs, security issues, and a closed-off developer community. Meanwhile, the Bitcoin ecosystem is different because of its simplicity, and even a smart high schooler could grasp its full system.
The top executive believes that making Ethereum more straightforward could bring many benefits.
Making the system easier to understand could encourage more people to join its community and contribute to its development. Reducing complexity would also cut costs for builders and companies using the platform and strengthen security.
With a clearer system, the community can make smarter, more informed decisions about Ethereum’s direction. Buterin also points out that simplicity lowers ETH’s “social attack surface.”
This means it would become more difficult for outsiders to manipulate or destabilize the blockchain through confusion or misinterpretation.
To achieve this, Buterin wants to change Ethereum’s consensus and execution layers. For the consensus layer, he proposes a solution called “3-slot finality.” This would remove technical concepts like separate slots and epochs, making the network easier to work with.
For the execution layer, he is considering replacing Ethereum’s current Virtual Machine (EVM) with RISC-V or another more straightforward system. This could lead to substantial speed improvements, maybe even 100 times faster in some cases.
Price Struggles Put Pressure on ETH
Ethereum has not been doing well in the crypto market lately. Over the past year, the asset has dropped around 40%, while Bitcoin has increased by 63%.
According to CoinMarketCap data, the asset is trading at $1.821.99, down by 0.63% in the last 24 hours. This gap has led many to question Ethereum’s value compared to Bitcoin.
Buterin’s proposal could help Ethereum rebuild trust and gain momentum over time. However, the co-founder said it could take up to five years to fully implement these changes, so there might not be big price moves immediately.
Some analysts even believe ETH is starting to mirror Bitcoin’s price movements, which could be a good sign for the next market cycle.
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