Reorganizing Ethereum: A Minimalist Journey
Vitalik Buterin, the co-founder of Ethereum, is ushering in a new era for this network. He aims to simplify the architecture, enhance scalability, and improve long-term stability. Inspired by Bitcoin's minimalist design, Buterin is pushing for a transformation that could reshape the future of Ethereum. Could this be the key to achieving success like Bitcoin?
The Complex Issues of Ethereum
Ethereum has evolved into a powerful decentralized platform, encompassing various applications from DeFi to NFT and DAO. However, this flexibility has led to costs, slow performance, and higher security risks. Buterin is acutely aware of these challenges and is proposing a streamlined roadmap.
Improvement Proposal
In the blog post 'Simplifying the L1' on May 3, Buterin outlined a plan to bring Ethereum back to the simplicity of Bitcoin while maintaining a decentralized foundation. Key improvements include: reducing the number of validator signatures, adopting a zero-knowledge-friendly VM like RISC-V, and standardizing data formats. These changes aim to enhance the performance and development of Ethereum.
Design Philosophy: Ethereum vs Bitcoin
While Bitcoin tends to simplify, Ethereum always revolves around flexibility. However, this has complicated Ethereum's scalability and management. Buterin's proposal calls for a return to minimalist design, facilitating long-term development and investment.
Restoring Core Values
Buterin emphasizes the need to simplify the core architecture to preserve Ethereum's core values: security, decentralization, and open-source development. This move aims to ensure Ethereum does not become overly commercialized.
Next Steps
In the coming months, Buterin plans to release detailed specifications and gather feedback from the development community. The testing process will occur in stages, focusing on reducing complexity, expanding capabilities, and reinforcing the long-term sustainability of the network. This reorganization may reshape the future of Ethereum.
Source: https://tintucbitcoin.com/ethereum-len-ngoi-bitcoin-vitalik-buterin-quyet-dinh/
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