Vitalik Buterin Advocates for Simplifying Ethereum Similar to Bitcoin

Vitalik Buterin recently introduced a new plan aimed at simplifying Ethereum by implementing three main changes: 3-slot finality, RISC-V execution, and standardization. The goal of these adjustments is to streamline the platform and reduce its complexity, creating a more user-friendly experience for developers and users alike.

The first component of Buterin’s plan is the implementation of 3-slot finality. This change aims to increase efficiency and speed on the Ethereum network by reducing the time it takes for transactions to be finalized. By utilizing a 3-slot finality mechanism, Ethereum will be able to confirm transactions more quickly, improving overall user experience and making the platform more competitive in the blockchain space.

In addition to 3-slot finality, Buterin also proposed incorporating RISC-V execution into Ethereum. RISC-V is an open-source instruction set architecture, which offers a more efficient and flexible approach to executing code on the platform. By integrating RISC-V execution, Ethereum will be able to achieve better performance and lower costs, ultimately making the platform more accessible to a wider range of users.

Furthermore, Buterin emphasized the importance of standardization in simplifying Ethereum. By establishing clear and consistent standards for development on the platform, developers will have a more structured framework to work within, reducing confusion and making it easier to create and deploy applications on Ethereum. Standardization will also enhance interoperability with other blockchain networks, fostering collaboration and innovation within the broader blockchain community.

Overall, Buterin’s plan to simplify Ethereum with 3-slot finality, RISC-V execution, and standardization is aimed at improving the platform’s efficiency, performance, and user experience. By implementing these changes, Ethereum will be able to reduce its complexity and increase its accessibility, positioning itself for continued growth and success in the ever-evolving world of blockchain technology.