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- 🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
Fam, head to Gate Square now and cheer for #TokenOfLove# — 20 music festival tickets are waiting for you! 🔥
HyunA / SUECO / DJ KAKA / CLICK#15 — Who are you most excited to see? Let’s cheer together!
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🎵 The song you want to he - ✈️ Gate Square | Gate Travel Sharing Event is Ongoing!
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Vitalik Buterin talked about Bitcoin (BTC) and Ethereum (ETH)! He revealed his 5-year goal!
Ethereum co-founder Vitalik Buterin stated that he wants to make Ethereum as beautiful and simple as Bitcoin.
At this point, Buterin listed the proposals he made to simplify the structure of Ethereum to be as simple as Bitcoin in a period of about 5 years in a recent article.
Ethereum Can Become Simple Like Bitcoin!
Buterin described the Bitcoin network as beautiful and simple, and announced a five-year plan to simplify the Ethereum protocol.
Buterin, while explaining how Bitcoin transactions and proofs work, said, "One of the best features of Bitcoin is how beautiful and simple its protocol is".
Buterin stated that keeping a protocol simple is the key to making it "reliable, neutral, and globally trusted."
EVM Creates Complexity!
Buterin, who pointed out that the EVM in Ethereum is unnecessarily complex, proposed RISC-V instead of EVM.
The proposed RISC-V transition will include an open-source instruction set that defines how software communicates with processors.
Ethereum (ETH) this change will enable Ethereum to work faster by eliminating extra translation steps. Applications can run directly on the execution layer, which can make some transactions up to 100 times faster while ensuring the operation of existing smart contracts.
Buterin stated that when applied to Ethereum, RISC-V could "reduce the costs of creating new infrastructure, long-term protocol maintenance costs, the risk of catastrophic errors, and minimize the social attack surface with fewer moving parts."
Buterin argued that the current consensus layer, known as the "beacon chain," needs to transition to a new design called "3-slot finality." He stated that with this transition, ETH would become faster and simpler.
Buterin recently suggested running an EVM interpreter ( on-chain instead of letting existing EVM contracts become obsolete. However, backward compatibility will be ensured and old smart contracts will continue to operate. However, Ethereum's main protocol will continue to operate directly over RISC-V.