Inspired by Bitcoin’s minimalist design, Ethereum co -founder, Vitalik Butein, launched a new proposal aimed at generating changes in the Ethereum main network, with a view to the platform becoming “the world accounting book” in the coming years.
In a letter entitled “Simplifying L1”, published on May 3 on its official website, Bugerin presented his vision for restructure architecture of the second most important network on the market. This, through consensus, execution and shared components.
«The objective of this publication is to shed light on an aspect of resilience (and, ultimately, of scalability) that is equally important and easy to underestimate: the simplicity of the protocol,» said the developer.
Remember with this what qualifies as one of Bitcoin’s best things, considering «the incredibly simple» that is the pioneer network protocol Being based on a series of blocks connected by a hash.
The validity of each block is verified by proof of work, which means verifying that the first bytes of its hash are zeros. Each block contains transactions. Transactions spend coins created during the mining process or generated by previous transactions. And that is practically everything.
Vitalik Buterin, Founder of Ethereum.
Recognize, therefore, that Ethereum has not had the same simplicity that Bitcoin hascharacterized by a technical complexity that has led to inflated development cycles, higher costs and greater risks of errors.
Hence, it describes a series of actions that consider that they will allow, within 5 years, this network will be «to be almost as simple as Bitcoin.»
Among the proposed improvements mentions simpler bifurcation choice rules and adopt aggregation protocols based on transparent and scalable knowledge arguments (Stark), a type of cryptographic zero knowledge test, with the purpose of decentralizing and simplifying the coordination of the network.
In relation to the execution layer, Bugerin proposed a transition from the Ethereum virtual machine (EVM) to a simpler and ZK compatible virtual machine (zero knowledge test), such as RISC-V, a much simpler virtual machine. Think that this can offer performance improvements of 100 times for zero knowledge tests, significantly simplifying the protocol.
As Cryptonoticia reported, the replacement of the EVM was already proposed by Bugerin a few weeks ago, as a long -term solution for the scalability and simplicity challenges of Ethereum. The idea is to optimize the execution of intelligent contracts and Improve network efficiency.
He also advocated The standardization of the entire protocol. To this end, he suggested to adopt 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 a time when Ethereum faces a critical momentas market participation continues to lose in front of other competitive block chains, such as Solana or Cardano.
The situation has reached the point that the co -founder of this last platform, Charles Hoskinson, dared to predict the death of the network in about ten years.
In fact, Two Prime, a specialized investment firm and loans supported by digital assets, announced its decision to focus exclusively on Bitcoin by considering that Ethereum has failed.
Currently the Net Clear signs of stagnation.
As an exit, Vitalik now advocates proposals focused on the development of the main layer (L1). All this, in the midst of the criticisms made by the community to the Ethereum Foundation, for having put more emphasis on the development of L2 at the expense of climbing the main network.