Vitalik Buterin Proposes ‘Simplifying’ Ethereum Like Bitcoin — Details
The post Vitalik Buterin Proposes ‘Simplifying’ Ethereum Like Bitcoin — Details appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure 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. Source: vitalik.eth 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…
The post Vitalik Buterin Proposes ‘Simplifying’ Ethereum Like Bitcoin — Details appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure 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. Source: vitalik.eth 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…
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