Inspired by Bitcoin’s minimalist design, Ethereum co-founder Vitalik Butein has launched a new proposal aimed at generating changes to the Ethereum main network, with the aim of making the platform a “world accounting book” over the next few years.
In a letter entitled “Simplifying L1,” published on the official website on May 3rd, Bugerin presented his vision Rebuild the architecture of the second most important network in the market. This is through consensus, execution and shared components.
“The purpose of this publication is to shed light on the equally important and underestimable aspects of resilience (and ultimately scalability): the simplicity of the protocol,” the developer said.
Now, take into account the pioneer network protocol “incredibly simple” and remember what qualifies as one of the best bitcoin Based on a set of blocks It is connected with a hash.
The validity of each block is verified by a proof of work. That is, make sure that the first byte of the hash is zero. Each block contains a transaction. Transactions can be generated by using coins created during the mining process or by previous transactions. And that’s practically everything.
Vitalik Buterin, founder of Ethereum.
Therefore, we recognize that Ethereum It doesn’t have the same simplicity as Bitcoinis characterized by bulging development cycles, higher costs, and technical complexity that has led to greater risk of error.
So it describes a set of actions that consider allowing this network to “be as simple as Bitcoin” within five years.
Among the proposed improvements Simple branch selection rules It employs an aggregation protocol based on transparent and scalable knowledge arguments (STARK), a type of cryptographic zero-knowledge test, with the aim of decentralizing and simplifying network coordination.
In relation to the execution layer, Bugerin proposed a migration from Ethereum Virtual Machine (EVM) to a simpler, ZK compatible virtual machine (Zero Knowledge Test) such as RISC-V. Consider this a 100x improvement in performance with zero knowledge tests, which greatly simplifies the protocol.
As reported by Cryptonoticia, EVM replacement had already been proposed by Bugerin a few weeks ago. The idea is to optimize the execution of intelligent contracts Improves network efficiency.
He also proposed Standardization of the entire protocol. To this end, he proposed to employ a single deletion coding method, a serialization format (preferring SSZ), and a tree structure to reduce redundant complexity and optimize Ethereum tools and infrastructure.
Buterin makes this proposal at the time of Ethereum Face important momentsmarket participation continues to lose in front of other competitive blockchains, such as Solana and Cardano.
This situation reached the point that this last platform co-founder, Charles Hoskinson, dared to predict the death of the network in about a decade.
In fact, two Prime, a specialized investment company and loan supported by digital assets, have announced their decision to focus solely on Bitcoin, considering Ethereum’s failure.
Currently, the internet Clear signs of stagnation.
As an exit, Vitalik is currently advocating proposals focused on the development of the main layer (L1). All this is because they put more emphasis on the development of L2 in the midst of criticism the community has made to the Ethereum Foundation. At the expense of climbing the main network.