New Ethereum Proposal from Vitalik Buterin: A Simplification Path Like Bitcoin! - Coin Bulletin

Ethereum founder Vitalik Buterin proposes the simplification of the Ethereum protocol in the next 5 years in a Bitcoin-like manner, aiming to reduce security risks arising from complexity.

Vitalik Buterin, who argues that the protocol needs to be simplified for Ethereum to achieve its long-term durability and reliability goals, suggested taking a cue from Bitcoin's minimalist design for this purpose. Buterin noted that the current complex structure of Ethereum creates high development costs and security risks, emphasizing the importance of the protocol achieving a simplicity close to that of Bitcoin in the future.

Buterin, who predicts significant changes in both the consensus ( and execution ) layers of Ethereum, proposes new designs for the consensus layer. Particularly introducing a new approach he calls 3-slot finality, Buterin states that this could simplify the protocol considerably and enhance its security. He also suggests that the transition to a simpler and more efficient virtual machine, such as RISC-V, should be made instead of the Ethereum Virtual Machine (.

)# New virtual machine: RISC-V

Buterin suggests transitioning from the EVM to a simpler virtual machine like RISC-V in order to reduce the complexity of Ethereum's structure. It is argued that this change could significantly speed up the execution of smart contracts and simplify the protocol. Additionally, he proposes new methods to ensure compatibility of existing EVM contracts during this transition.

(# Line code limit is approaching

To maintain the simplicity of Ethereum, it is suggested to set a maximum line of code limit in the protocol specification. This aims to achieve a level of simplicity and long-term durability for Ethereum that is close to Bitcoin.

According to Buterin, these simplification steps can make the protocol more secure while also accelerating the global adoption of Ethereum.