Vitalik actually wants to scrap Ethereum's underlying EVM!

I was shaking when I saw this news this morning—Vitalik actually wants to scrap Ethereum's underlying EVM!

This is equivalent to tearing down a foundation that has been in use for ten years; the entire crypto world is likely to turn upside down.

Most of these messy coins are living off this underlying system called EVM. When Ethereum developed this virtual machine, it was like installing an engine in the blockchain world, which led to DeFi, NFTs, and other innovations. Now, it seems that ETH wants to replace the engine with some new ZK-RISC gadget, which basically means rewriting the underlying code with more efficient and private technology.

If they really pull this off, the coins we hold might experience a massive earthquake. Currently, there are $31 billion in assets locked on-chain, and if something goes wrong during the migration, it could trigger a chain reaction of explosions. I was browsing the developer forum last night, and some programmers were already cursing, saying this is like changing the engine of a plane while it's flying; a moment's inattention could lead to disaster.

However, if I may say, if this risky move works out, Ethereum might achieve legendary status. ZK technology can increase transaction speed by 300 times and enable privacy smart contracts. By then, competitors like Solana and Polygon will probably be ground into the dust.

But what if it goes wrong... Heh, the crypto world might be engulfed in bloodshed, and it would be impossible to stop the tide of project teams running away. For now, we can only pray and hope that Vitalik doesn’t treat us retail investors like guinea pigs.