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Cryptocurrency News Articles
Ethereum Co-founder, Vitalik Buterin, has called for a reset as he introduced a new proposal outlining how in five years from now, “Ethereum can become close to as simple as Bitcoin.”
May 06, 2025 at 07:08 pm
Insisting on simplifying the protocol, Buterin's blog published on 3 May 2025 – Simplifying the L1 said, “One of the best things about Bitcoin is how beautifully simple the protocol is.”
Ethereum co-founder Vitalik Buterin has called for a reset as he introduced a new proposal outlining how in five years from now, "Ethereum can become close to as simple as Bitcoin."
Highlighting that "one of the best things about Bitcoin is how beautifully simple the protocol is," Buterin’s post on simplifying the protocol, Simplifying the L1 was published on 3 May 2025.
"Keeping the protocol simple brings a number of benefits that are key to Bitcoin or Ethereum being a credibly neutral and globally trusted base layer," the post said.
According to the Ethereum co-founder, "Caring about simplicity is, like decentralization, a short-term cost for the sake of benefits that do not appear immediately. But in the long term, it will be useful."
"People care about simplicity, like decentralization, is a short-term cost for the sake of benefits that do not appear immediately. But in the long term, it will be useful. Let's make each part of the ethereum spec a place where things like this can happen:https://t.co/1yIiWfAbH8"
suggesting that if Ethereum hopes to remain the backbone of decentralized finance and the next generation of internet applications, it must return to its roots and embrace radical simplicity.
He warned that "Ethereum has lost sight of simplicity, attempting to do too much while piling on technical debt," he warns. Buterin thus advocated for a major reset. He pointed to Bitcoin’s “beautifully simple protocol” as a model, noting that even a smart high school student can understand Bitcoin’s core mechanics, while Ethereum’s complexity now requires deep expertise and specialized teams to manage and audit.
Buterin’s message is clear – if Ethereum is to remain the backbone of decentralized finance and the next generation of internet applications, it must return to its roots and embrace radical simplicity.
suggesting that if Ethereum hopes to remain the backbone of decentralized finance and the next generation of internet applications, it must return to its roots and embrace radical simplicity.
He warned that "Ethereum has lost sight of simplicity, attempting to do too much while piling on technical debt," he warns. Buterin thus advocated for a major setback. He pointed to Bitcoin’s “beautifully simple protocol” as a model, noting that even a smart high school student can understand Bitcoin’s core mechanics, while Ethereum’s complexity now requires deep expertise and specialized teams to manage and audit.
Buterin’s message is clear – if Ethereum is to remain the backbone of decentralized finance and the next generation of internet applications, it must return to its roots and embrace radical simplicity.
suggesting that if Ethereum hopes to remain the backbone of decentralized finance and the next generation of internet applications, it must return to its own roots and embrace radical simplicity.
He warned that "Ethereum has lost sight of simplicity, attempting to do too much while piling on technical debt," he warns. Buterin thus advocated for a major setback. He pointed to Bitcoin’s “beautifully simple protocol” as a model, noting that even a smart high school student can understand Bitcoin’s core mechanics, while Ethereum’s complexity now requires deep expertise and specialized teams to manage and audit.
Buterin’s message is clear – if Ethereum is to remain the backbone of decentralized finance and the next generation of internet applications, it must return to its own roots and embrace radical simplicity.
suggesting that if Ethereum hopes to remain the backbone of decentralized finance and the next generation of internet applications, it must return to its own roots and embrace radical simplicity.
He warned that "Ethereum has lost sight of simplicity, attempting to do too much while piling on technical debt," he warns. Buterin thus advocated for a major setback. He pointed to Bitcoin’s “beautifully simple protocol” as a model, noting that even a smart high school student can understand Bitcoin’s core mechanics, while Ethereum’s complexity now requires specialized teams and deep expertise to audit and manage.
Buterin’s message is clear – if Ethereum is to remain the backbone of decentralized finance and the next generation of internet applications, it must return to its own roots and embrace radical simplicity.
The Ethereum co-founder and Buterin highlighted that the EVM, Ethereum’s execution engine, has become bloated and difficult to optimize. He proposes replacing it with RISC-V, a minimalist virtual machine already proven in zero-knowledge cryptography projects.
"I suggested we replace the EVM with either RISC-V, or another VM that is the VM that Ethereum ZK-provers will be written in," wrote Buterin.
Buterin also called for merging redundant tools and adopting more efficient cryptographic methods, such as unified erasure coding and binary Merkle trees. He envisions a streamlined ecosystem where common components are shared and best practices are applied consistently.
"If we can get to a place where the optimal implementations of erasure coding and Merkle trees are used in
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- CoinPayments Launches New Platform to Simplify Crypto Payments for Everyone
- Jun 08, 2025 at 06:45 pm
- As the adoption of cryptocurrencies accelerates, the new CoinPayments platform empowers merchants to optimize their operations and enables everyday users to unlock more ways to use their digital assets.
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