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Vitalik: In 5 years Ethereum will be as simple as Bitcoin
Vitalik Buterin, co-founder of Ethereum, has published an article titled “Simplifying the L1”. In it, he emphasizes a significant advantage of Bitcoin is its simple protocol. In contrast, Ethereum often complicates things, leading to high development costs, security risks, and a distinct R&D culture.
Vitalik hopes that Ethereum will achieve simplicity like Bitcoin in the next 5 years. This includes: simplifying the consensus layer, simplifying the execution layer, backward compatibility strategy for VM conversion, and simplification through sharing protocol components.
He concluded that simplicity, similar to decentralization in many aspects, plays an important role in resilience, and their benefits will become increasingly clear over time. Bitcoin is a testament to this.
Vitalik proposed setting a maximum limit on the number of lines of code for the long-term specifications of Ethereum, so that the essential code of Ethereum can be closer to the simplicity of Bitcoin. This content is for market information purposes only and is not investment advice.
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