Ethereum Founder Vitalik Buterin Shares New Take on Simplifying The L1

Vitalik Buterin 5-Year Plan

As part of his five-year plan, Buterin is considering major changes to Ethereum so that it can enjoy similar benefits to Bitcoin.

One of the several key modifications he came up with is to have the second-largest blockchain reflect some of Bitcoin’s top qualities. The Ethereum frontman is optimistic that this transition will benefit L1.

Because of its simplicity, blocks on the Bitcoin chain are linked by a hash and verified by a Proof-of-Work (PoW) consensus mechanism.