Vitalik: Ethereum Will Be Like Bitcoin in 5 Years, Resistant to Quantum Threats
Ethereum (ETH) founder Vitalik Buterin plans to make the second-largest digital asset as simple as Bitcoin (BTC) in terms of protocol. He claims his flagship crypto asset can withstand the advancing quantum computing threat. "This post will explain how Ethereum 5 years from now can be as simple as Bitcoin," he wrote on his personal blog. He aims to make the Ethereum network more efficient and secure, like Bitcoin. He realizes Ethereum has spent a lot on development and often prioritized short-term gains. He believes current development can reduce infrastructure costs, maintenance, bug risks, and social attack risks. He plans to rebuild 3-slot finality, removing complex components, and adopt Scalable Transparent Argument of Knowledge (STARK) to simplify network coordination. Currently, Ethereum is traded at $1,820 with a market cap of $219 billion and a 24-hour trading volume of $8.5 billion, according to Coingecko.
