Vitalik Buterin, a well-known developer and co-founder of Ethereum, has presented a number of initiatives aimed at simplifying the architecture and standards of the Ethereum network. His goal is to make the blockchain more accessible, faster, and easier to maintain, inspired by the minimalist design of Bitcoin.
Consensus and Execution
Buterin focused on optimizing the consensus layer, proposing a “three-slot finality” model. This will eliminate complex components such as periods and validator shuffling, which will make the network more understandable and predictable.
Simpler fork selection rules and scalable aggregation protocols based on STARK technology are also proposed. This will improve the efficiency and reliability of the network.
Transition to RISC-V
Another initiative by Buterin is the transition from the EVM (Ethereum Virtual Machine) to the RISC-V architecture. This solution is aimed at improving performance and simplifying the protocol.
RISC-V provides high efficiency and ease of implementation. Legacy EVM contracts will be run through the RISC-V interpreter during the transition phase, which will allow a smooth transition to the new architecture.
Protocol Standardization
Buterin advocates for standardization of the entire Ethereum protocol. A single erasure encoding method, SSZ serialization format, and tree structure are proposed. This will reduce unnecessary complexity and optimize tools and infrastructure.
Why is this important?
Buterin’s proposal is related to the loss of market share of Ethereum due to competing blockchains. The decline of Ethereum’s dominance among L1 (Layer 1) blockchain networks highlights the need for innovation and simplification to maintain a leading position.
Vitalik Buterin and the Ethereum team continue to work on improving the network, making it more accessible and understandable for users and developers.
