Bitcoin

Vitalik Buterin Names One of Best Things About Bitcoin

Vitalik Buterin, co-founder of the second largest blockchain Ethereum and its leader, published a blog article where he offers to make several key changes to the Ethereum Layer-1 chain to let him reflect some of the best Bitcoin points.

In this context, he revealed what he thought was one of the best things about Bitcoin.

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“One of the best things about Bitcoin”: Vitalik Buterin suggests simplifying Ethereum

In the blog post published today, Vitalik Buterin stressed that it was of vital importance to simplify the Ethereum protocol, which added the simplicity of Bitcoin. He gave a brief summary of the operation of the bitcoin, saying that the blocks on this chain are connected by a hash and verified by the proof of work. Each block contains transactions, which spend parts.

“Even an intelligent secondary student is capable of ending fully and understanding the Bitcoin protocol,” said Vitalik, “a programmer is able to write a customer as a pastime project.”

He also mentioned this simplicity of BTC in his X thread where he shared the link to the blog and he called to bring these “Bitcoin advantages” to Ethereum: “One of the best things about Bitcoin is how simple it is. This simplicity has many advantages. Bring these advantages to Ethereum. “

In short, Vitalik proposes to simplify layer 1 of Ethereum to make it work with simplicity and all the substantial advantages of Bitcoin. He wants to reduce Ethereum maintenance costs, minimize bugs on blockchain and develop participation in the development of the protocol. Buterin has highlighted Ethereum problems such as EVM 256 -bit architecture and achievements, calling them too optimized for obsolete use cases.

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It will be worth the long -term trouble, insists Buterin

In his blog article, he also mentions the roadmap of Ethereum 2025 and the upgrading of Pectra. The latter intends to increase the availability of data in layer 2 10x, while Buterin declares that if scalability, security and decentralization obtain a major boost on layer 1, this would make Ethereum much more resilient and attractive for users and developers.

Vitalik stressed that in the short -term advantages of the changes proposed by him “does not appear immediately”. However, “in the long term, it will be worth it”. He suggested adding these changes over the next five years.

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