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Key Points: Buterin proposes simplifying Ethereum’s protocol. Focus on aligning Ethereum with Bitcoin’s simplicity. Potential impact on development efficiency and security. Vitalik Buterin, the co-founder of Ethereum, has outlined a bold plan to simplify Ethereum’s complex protocol. His proposal suggests a strategic shift that could significantly reshape Ethereum’s development direction by mirroring Bitcoin’s simplicity within five years. In the article “Simplifying the L1”, Buterin highlights the challenges Ethereum has faced due to its complex design. He aims to address these issues through a series of simplifications to the consensus and execution layers, while ensuring backward compatibility. This philosophical shift is expected to boost development efficiency and enhance security, potentially transforming Ethereum’s market position. Buterin’s Proposal: Simplicity as a Strategic Shift In his article “Simplifying the L1”, Buterin emphasized that Ethereum’s complexity has been a fundamental drawback, contrasting it with Bitcoin’s notably simpler protocol design. He outlined a plan to restructure Ethereum to mirror Bitcoin’s simplicity within five years, marking a pivotal evolution in development philosophy. By addressing historical errors in design and execution, Buterin aims to promote greater development efficiency and enhance security. “Ethereum has historically struggled with maintaining simplicity… leading to excessive development costs, security vulnerabilities, and an insular R&D culture.” The focus on simplicity follows extensive discussions on scalability and technical complexity. Key proposals include simplifying both the consensus and execution layers. Additionally, the backward compatibility strategy ensures existing applications evolve smoothly during the transition. This direction aligns with ongoing efforts to boost Ethereum’s core functionality and competitive edge. Market response has been marked by keen interest in how these proposals might resolve Ethereum’s complexity barriers. Industry figures express optimism about the potential enhancement in accessibility and adoption. Buterin’s comments at the 2025 Hong Kong Web3 Carnival further highlighted the importance of collaboration with Layer-2 projects. Market analysts…

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Filed under: News - @ May 3, 2025 7:23 am