Vitalik Buterin, co-founder of the largest altcoin, Ethereum, proposed a plan to revamp the ETH blockchain. After months of criticism and allegations faced by the Ethereum Foundation, the 31-year-old entrepreneur addressed major concerns regarding the “complexity” of adding new developers to the blockchain platform.

Ethereum (ETH) is home to $59.88 billion in total value of assets locked on its chain. Layer 2 and Layer 3 chains scaling Ethereum tackle the issue of user adop/REtion and scalability for the underlying blockchain, in exchange they derive security from ETH