Will Ethereum Become the New Bitcoin? Vitalik Buterin Has a Plan For It
The post Will Ethereum Become the New Bitcoin? Vitalik Buterin Has a Plan For It appeared on BitcoinEthereumNews.com.
Ethereum co-founder Vitalik Buterin is setting the stage for a major overhaul of the Ethereum network. His goal? To simplify its architecture, enhance scalability, and boost long-term stability. Drawing inspiration from Bitcoin’s minimalist design, Buterin is pushing for a shift that could reshape Ethereum’s future. Is this the key to Bitcoin-like success? Let’s dig in to see what Buterin is cooking up. One of the best things about Bitcoin is how simple it is. This simplicity has lots of benefits. Let’s bring those benefits to Ethereum. pic.twitter.com/YwmVaOCPlP — vitalik.eth (@VitalikButerin) May 3, 2025 Is Ethereum Too Complex? Ethereum has evolved into a decentralized powerhouse, hosting an array of applications from DeFi platforms to NFTs and DAOs. But this flexibility has come at a cost. The platform’s complexity has ballooned over time, leading to slower performance, higher costs, and greater security risks. Buterin acknowledges these challenges and is now advocating for a leaner, more efficient Ethereum. “Historically, Ethereum has often not done this (sometimes because of my own decisions), and this has contributed to much of our excessive development expenditure, all kinds of security risk, and insularity of R&D culture, often in pursuit of benefits that have proven illusory.” Buterin’s Proposal to Streamline Ethereum In his May 3 blog post, “Simplifying the L1”, Buterin laid out a roadmap to bring Ethereum closer to the simplicity of Bitcoin while preserving its functionality as a decentralized platform. The key changes proposed include: Reducing Validator Signatures: Buterin suggests cutting the number of validator signatures from around 28,000 to just 8,192 per slot. This drastic reduction would reduce network congestion and enhance Ethereum’s performance, particularly during high-traffic periods. Adopting a ZK-Friendly Virtual Machine (VM): One of the most ambitious proposals is to shift from the current Ethereum Virtual Machine (EVM) to a simpler, ZK-friendly VM…
Filed under: News - @ May 3, 2025 11:22 am