HomeCoinsEthereumVitalik desires to make Ethereum so simple as Bitcoin in 5 years

Vitalik desires to make Ethereum so simple as Bitcoin in 5 years

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The co -founder of Ethereum Vitalik Buterin asked Ethereum's basic protocol and aimed to make the network more efficient, protected and accessible and to be inspired by the minimalist design of Bitcoin.

In a blog post with the title “Simplying the L1”, which was published on May 3, but Berin laid a vision for the restructuring of the architecture of Ethereum about consensus, execution and customary components.

“This article describes how Ethereum will be as easy as Bitcoin in 5 years,” wrote butterin and argued that simplicity is the important thing to Ethereum's resilience and long -term scalability.

While the most recent upgrades akin to Proof-of-Stake (POS) and Zero-Know-Lede integration of non-interactive knowledge (ZK-Snark) made the non-interactive argument for knowledge (ZK-Snark) Ethereum more robust, he said that the technical complexity has led to inflated development cycles, higher costs and better risks of bugs:

“Historically speaking, Ethereum has often not done this (sometimes due to my very own decisions), and this has contributed to the vast majority of our excessive development editions, every kind of security risks and the insularity of F&E culture, which have often proven to be illusory.”Buterin praises Bitcoin for his simplicity. Source: Vitalik Buterin

Ethereum eyes “3-slot validity” to simplify the consensus

An necessary focus is the consensus layer of Ethereum. The focus of those efforts is the proposed “3-slot validity” model, which eliminates complex components akin to epochs, synchronization committees and validator mixtures.

“The reduced variety of lively validators at the identical time signifies that it becomes safer to make use of simpler implementations of the fork selection rule,” wrote Butterin.

Other proposed improvements include the enabling of simpler rules for the choice of fork and the introduction of scalable aggregation protocols (transparent argument of information (strong) to be able to decentralize and simplify network coordination.

On the execution layer, butterin proposed a shift from the Virtual Machine (EVM) to an easier, ZK-friendly virtual machine akin to RISC-V. This step could offer 100-fold performance improvements for zero-knowledge evidence and significantly simplify the protocol.

RISC-V is an open source instruction architecture (ISA) that’s used to design computer processors. It follows a minimalist design philosophy using a small series of easy instructions for prime efficiency and simpler implementation.

In order to keep up the downward compatibility, butterin proposed to prepare Legacy EVM contracts via a RISC-V interpreter and to support each VMS at the identical time during a transition phase.

Source: Vitalik Buterin

Buterin demands protocol -wide standards

Buterin also campaigned for the protocol -wide standardization. He suggested that a single extinguishing method, a serialization format (SSZ) and the tree structure to cut back redundant complexity and optimize the tools and infrastructure of Ethereum.

“Simplicity is comparable in some ways of decentralization,” wrote butterin. He suggested that Ethereum said goodbye to a “maximum code” goal, just like Tinygrad, which kept consensus -critical logic as slim and testable as possible.

Non -critical heirs would remain, but are outside the first specification.

The proposal from the Buterin to simplify Ethereum, for the reason that network continues to lose the market share for competing blockchains.

During a panel discussion in Longitude by CoinTelegraph event on May 2, Alex Svanevik, CEO of Data Service Nansen, said the relative dominance of Ethereum under L1 blockchain networks.

“If that they had asked me 3 to 4 years ago whether Ethereum would dominate crypto, I might have said,” said Svanevik during a panel discussion within the event of a slowness by CoinTelegraph event. “But now it is obvious that that doesn't occur.”

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