Ethereum Price Alert!!!

Vitalik Buterin, who helped create Ethereum, wants to make big changes to the ETH blockchain. After facing criticism for months, he responded to worries about how hard it is to bring new developers to the platform.

Ethereum has $59.88 billion worth of assets on its blockchain. Layer 2 and Layer 3 chains help improve user adoption and scaling, getting their security from ETH.

The Ethereum Virtual Machine (EVM) is the main part of the ETH blockchain, and Buterin thinks it can be replaced with something simpler. He wants to make the Ethereum blockchain easier to understand, similar to Bitcoin, which could help more people use it and its token.

In a blog post on May 3, Buterin said making things simpler could lower costs for building new infrastructure on Ethereum and improve performance. He believes Bitcoin’s design is easy for high school students to understand, and that ETH can progress too.

Buterin's idea is for the Ethereum team to set a clear maximum limit on code lines to simplify things and make Ethereum more like Bitcoin in terms of agreement.

He suggested several rules that would make coding easier and attract more developers to work on Ethereum.

Buterin aims for Ethereum to compete with Bitcoin in five years, but currently, the ETH/BTC ratio is at its lowest in over five years.

Ethereum’s Merge was criticized for reducing decentralization by changing from Proof-of-Work to Proof-of-Stake.

Simplifying and decentralizing are both important for the project and need cultural changes. Buterin admits that the advantages may not be clear to everyone.

He is focused on improving Ethereum from within and increasing its competition with Bitcoin, noting the cost of the extra effort required.

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