Vitalik Buterin Focuses on Simplifying Ethereum’s Layer-1

Ethereum co-founder Vitalik Buterin is leading efforts to streamline the blockchain’s foundational layer (Layer-1), prioritizing speed, privacy, and scalability. The Pectra upgrade, anticipated for May 2025, will play a pivotal role in this initiative. Experts believe this simplification could impact ETH price dynamics and DeFi infrastructure. The Ethereum community is enthusiastic about the anticipated benefits for the ecosystem.