The co-founder Ethereum Vitalik Buterin thinks that the network should aim to become as simple as Bitcoin while retaining its advanced capacities.
“One of the best things about Bitcoin is how beautiful the protocol is,” said Buterin in a blog article on May 3.
This simplicity has many advantages and they should be brought to Ethereum, he added.
Simplify Ethereum
The main advantages of Ethereum's simplification include the ease of the protocol to understand, increasing participation in development and reducing costs for creating new infrastructure and tools.
It also reduces long -term maintenance requirements, minimizes the risk of catastrophic buckets and reduces the potential for social attacks and special interests.
There are three main areas of simplification: the consensus layer, the execution layer and the sharing components through the protocol layers, he said.
“The effort to reorganize Ethereum consensus includes many opportunities to simplify consensus, while increasing efficiency and safety.”
Simplification could include the implementation of a conception of “three -locations” purposes “to remove complex concepts such as slot machines and eras, reducing active validators to allow simpler fork rules and the use of aggregation based on Stark to eliminate confidence concerns.
“EVM [Ethereum Virtual Machine] is increasingly increased in complexity, and a large part of this complexity has proven to be unnecessary, “said Buterin concerning the execution layer.
He suggested replacing the complex EVM with RISC-V, an open standard instructions architecture or another simpler virtual machine. This could provide 100x performance improvements, much simpler specifications, better developer options and an increase in code size limits.
“The third means and the most easily underestimated to reduce the total complexity of the protocol is to share as much as possible a standard on different parts of the battery,” he said, before adding, “it should not be ideally unique [something]Through consensus, execution and other layers. »»
Buterin concluded that the simplification of the protocol was worth it in the long term.
“To worry about simplicity is, like decentralization, a short -term cost for the advantages which do not appear immediately.”
ETH prices prices
Ethereum fell in disgrace among cryptographic investors this year, its market share collapses at a hollow of 7% in April.
The cash prices have oscillated just above $ 1,800 so far this month, but have dropped below early negotiation in Asia on Monday morning.
The asset remains at the bear market levels, down 63% compared to its record level in 2021, while Bitcoin is down 13% compared to its advanced price earlier this year.
Nevertheless, analysts remain convinced that the ETH can recover this year with a new roadmap and approach improvements.
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