Vitalik Buterin, co-founder of Ethereum, proposed simplifying the platform's protocol, which could enhance its scalability and resilience.
Revision of Ethereum's Development Strategy
Vitalik Buterin made a new proposal for simplifying the Ethereum protocol, inspired by the elegance of Bitcoin's protocol. By reducing protocol complexity, the aim is to enhance the system's scalability and resilience. Simplifying consensus and execution layers may lead to achieving Bitcoin-level simplicity. In his statement, Buterin noted, "Our vision requires both scalability and resilience, with protocol simplicity playing a crucial role in achieving the latter."
Impact of Simplification on Market and Regulation
The simplification of the protocol may significantly influence Ethereum's technological evolution and regulatory scrutiny. Some experts have already started discussing the potential long-term implications of this decision. As of May 4, 2025, Ethereum (ETH) trades at $1,835.64 with a market cap of approximately $221.62 billion.
Current Data on Ethereum's Value and Volume
The 24-hour trading volume of Ethereum stands at $8.68 billion, with a change of -33.59%. This data reflects the current activity in the Ethereum market.
Vitalik Buterin's proposal to simplify the Ethereum protocol represents an important step towards improving the network's scalability and its resilience to external challenges.
