Vitalik Botterin, Ethereum’s increasing technical complexity, high development costs, security risks and a closed research culture is a problem, he said. A detailed suggestion has been put forward for the solution of these problems; According to the proposal, Blockchain architecture will be simplified in the next five years.
Simplicity and accessibility
Butter, Bitcoin’s simple protocol structure as an example, thanks to this structure, the system can be easily understood, he said. It was pointed out that simplicity will give users and developers better understanding of the functioning of the system. With the application of the proposal, information -based interventions and infrastructure costs are expected to decrease.
“Bitcoin’s most prominent feature is its simplicity. Ethereum is aimed to achieve these advantages.” – Vitalik Botter
Structural changes in the protocol
The proposal includes changes in both consensus and executive layers. In the layer of consensus, it is aimed to simplify the concepts of slot and period by bringing innovations such as “3-Slot certainty”. In addition, instead of the existing Ethereum virtual machine, RISC-V or the like a simpler virtual machine option is put forward.
He said that Butter can provide significant improvements in system performance and productivity may increase more than 100 percent in some cases. Thus, it is aimed to reduce error risks and costs in the long term.
Ethereum’s recent performance problems are also handled within the framework of this suggestion. Last year, Ethereum’s value decreased by about 40 percent, while Bitcoin increased by 63 percent. This raised the need to re -evaluate Ethereum’s position in the market and value proposal.
It is believed that the proposal can make progress in scalability and security issues by enabling Ethereum to reach wider developers and user audiences. It is thought that the system has a more open structure and can increase the potential of attracting the attention of corporate investors.
It is stated that the implementation time of Butterin’s plan may last for five years, while significant changes in short -term effects may not be seen. However, this strategy is expected to make positive contributions to the Ethereum ecosystem in the long term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
