Vitalik Wants To Speed Up Ethereum By 100x, Make it as 'Simple as Bitcoin'
Vitalik Buterin proposed replacing Ethereum's Virtual Machine (EVM) with RISC-V to enhance performance and simplify the protocol. He believes this transition could make Ethereum as simple as Bitcoin within five years. RISC-V is an open-source instruction set that would allow Ethereum to run faster by eliminating extra translation steps, potentially increasing operation speeds by up to 100 times while maintaining compatibility with existing smart contracts. Buterin argues that a simpler protocol fosters credibility and trust. He acknowledges past failures in improving Ethereum, attributing some to his decisions. However, challenges remain, including potential backward compatibility issues, the need for extensive developer retraining, and the complexity of achieving consensus among stakeholders. Despite these hurdles, some experts see Ethereum's technological advancements as valuable beyond its market price.
