Vitalik Buterin Proposes Simplified Ethereum – A Five-Year Plan for Efficiency

Ethereum co-founder and developer Vitalik Buterin has unveiled his ambitious five-year plan to simplify its Layer 1 protocol, aiming for greater efficiency and resilience. In a recent blog post titled ‘Simplifying the L1,’ Buterin outlines strategies to emulate Bitcoin’s simplicity while addressing Ethereum’s long-standing complexities like high development costs and security vulnerabilities. He believes that streamlining Ethereum will unlock new opportunities for finance, governance, and secure data management.