Vitalik

Recently, the Ethereum circle has been quite lively: on one hand, Vitalik Buterin proposed a 'Five-Year Simplification Plan' to simplify Ethereum using the RISC-V new architecture and the 'Three-Slot Finality' model; on the other hand, the US has just approved the Ethereum spot ETF, and Wall Street is beginning to embrace ETH; meanwhile, various Layer 2 projects are battling it out, creating a bustling ecosystem. The narrative of pessimism towards Ethereum has also risen. However, in my view, these seemingly turbulent situations are precisely a necessary stage for Ethereum to move towards 'becoming stronger.'
Technological Reform: RISC-V and the Three-Slot Finality

Ethereum has raised its block gas limit from 30 million to 32 million units its first adjustment in three years and the first major change since shifting to proof-of-stake. Approved by just over half the validators, the update aims to boost the network’s capacity to process transactions per block, potentially easing congestion and reducing fees during peak times. Gas, which represents the computational effort required for processing transactions and smart contracts, now accommodates more operations per block. This move follows a similar 2021 adjustment that doubled the limit from 15 million to 30 million units. While the increased gas limit is anticipated to lower fees during high traffic periods, it also raises the operational costs for validators, who may need to invest in more robust hardware to handle the larger blocks and maintain network decentralization.
Alongside these changes, co-founder Vitalik Buterin outlined future scalability improvements, including the Pectra upgrade slated for March 2025. This upgrade will raise the blob target for Layer‑2 networks from 3 to 6, effectively doubling sidechain capacity and boosting transaction throughput amid growing competition and higher volumes. Buterin's announcement not only signals confidence in Ethereum's future scalability but also addresses the growing demand from developers for improved Layer‑2 solutions.
Ethereum’s token dynamics have also shifted. The total ETH supply has returned to pre‑Merge levels at about 120.5 million its highest since January 2023 and slightly above Merge‑day figures. Analysts link this rise partly to the Dencun upgrade, which modified the gas fee‑burning mechanism to better manage Layer‑2 data loads. After a period of declining supply following the Merge, adjustments introduced in March 2024 reversed the trend, marking a shift in the network’s inflationary dynamics. This change has sparked discussions among analysts about the long‑term economic implications for ETH, as increased supply may impact future valuation models.
Non‑technical developments have also emerged. Internal debates within the Ethereum Foundation hit the headlines when a proposal to replace executive director Aya Miyaguchi with former researcher Danny Ryan was dismissed by Buterin. The decision prompted the departure of key figures, including core developer Eric Conner, highlighting ongoing leadership tensions.
Market reactions have been mixed. Although the higher gas limit may improve transaction speeds and lower fees, Ethereum still lags behind Bitcoin. The ETH/BTC ratio dropped to 0.03 in January 2025 its lowest since 2021 and trader Peter Brandt noted that even a short‑term rebound in Ethereum's price would not change Bitcoin’s long‑term investment appeal. Investors are watching these shifts closely, as market sentiment fluctuates with both technical upgrades and broader crypto trends.
Currently, Ethereum trades around $2,828—a modest 1.6% increase in 24 hours, but a 12.8% decline over the past week. As Ethereum implements these upgrades and faces internal governance challenges, investors and developers will closely watch its scalability, token supply dynamics, and market competitiveness. This comprehensive approach reflects Ethereum’s ongoing efforts to balance technical innovation with network security and decentralization.
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When filmmakers Zach Ingrasci and Chris Temple set out to capture the mysterious, fast-evolving world of crypto, they had no idea they’d end up telling one of the most human stories tech has to offer.
Their documentary, Vitalik: An Ethereum Story, isn't just another deep dive into the blockchain buzz — it's an intimate portrait of Vitalik Buterin, the quiet genius behind Ethereum, who defies every stereotype of what a “tech billionaire” should be.
While filming their previous project, This Is Not Financial Advice, a chance interview with Vitalik flipped the script entirely. His quirky charm, humility, and deep belief in decentralization fascinated them. What started as an exploration of crypto soon morphed into a heartfelt journey across continents — from Ukraine to Colombia — trailing a global nomad with a vision to reshape the future.
A Film Funded by the Future
In the summer of 2021, riding the NFT wave, the duo raised nearly $2 million in just 50 hours through a decentralized crowdfunding campaign — a powerful proof of concept for crypto in the filmmaking world. No middlemen. No gatekeepers. Just the community and a dream.
“We weren’t crypto-native,” Temple admits. “We were just curious about the people using tech to make a difference. Vitalik’s story was too good not to tell.”
The Man Behind the Code
This isn’t the suit-and-tie tech narrative you’re used to. Ingrasci and Temple captured Vitalik drinking tea, making breakfast, and laughing with his family. They dove into his childhood — when he created a 100-page “bunny universe” complete with an economy, energy system, and charts… all at age seven.
And now? He’s still building — only now it’s Ethereum, not imaginary rabbit worlds.
From war-torn Ukraine, where Ethereum helped deliver millions in crypto aid, to thought-provoking conversations on leadership, morality, and the crypto culture wars — this film captures Vitalik navigating his role not as a tech overlord, but as a thinker, a builder, and a quiet revolutionary.
Crypto Meets Cinema: A New Model Emerges
Beyond the story itself, Vitalik is a glimpse into how Web3 is transforming filmmaking. The team used platforms like Mirror, Zora, and Bonfire for funding, marketing, and even distribution — allowing them to premiere in 30 cities across 24 countries, completely independently.
This wasn’t just a film. It was a case study in what’s possible when you remove the old rules.
A Story That Resonates Beyond Crypto
For the filmmakers, the real win wasn’t just getting the movie on Apple and Prime Video. It was hearing from viewers who finally felt understood — whether they were developers, dreamers, or just someone’s mom trying to understand what “Ethereum” actually means.
Because in the end, Vitalik isn’t about blockchain. It’s about vision. Vulnerability. And the power of tech — when wielded with heart — to change the world.
#Vitalik #Buterin
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