Vitalik Buterin proposed a 5-year plan to simplify Ethereum - a response to pressure from competitors

Vitalik Buterin published a new proposal that outlines a new architecture and standards for Ethereum aimed at simplifying and optimizing the network.

📌 Key objectives of the initiative:

🔹 Elimination of excessive complexity at the base layer (L1)

🔹 Shifting focus to mass data processing in L2 networks

🔹 Optimization of tools and infrastructure

🔹 Enhancing the security and efficiency of the main network

📅 The plan is designed for 5 years and is a response to Ethereum's declining market share due to competition from faster and cheaper blockchains (e.g., Solana, Avalanche, and Base).

🔷 Ethereum is preparing for a deep structural overhaul — the focus on simplification and scaling through L2 may restore the network's leadership amid increasing competition.

Conclusion:

Ethereum is taking a path towards simplification and scaling — the right move in response to competition. But 5 years of implementation is risky. If they succeed, Ethereum will regain its leadership.

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