Ether (ETH) saw a 1% decline on Monday following co-founder Vitalik Buterin's suggestion that Ethereum needs to make major tweaks to improve its protocol simplicity.Buterin stated that Ethereum suffers from security risks and high development expenditure because of several complexities in its design.
According to Buterin, one of Bitcoin's main advantages is its simplicity. "Even a smart high school student is capable of fully wrapping their head around and understanding the Bitcoin protocol," noted Buterin. "A programmer is capable of writing a client as a hobby project."
The post highlights that Ethereum could achieve a similar simple protocol design in five years by simplifying its consensus and execution layers. The Beam Chain is touted as a potential replacement to the consensus layer's current Beacon Chain to enable "a simpler and more robust p2p architecture."
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