Vitalik Buterin Calls for Ethereum Network Rewrite to Enhance Efficiency

Ethereum co-founder Vitalik Buterin has raised concerns about the impact of a crucial computational element on the network’s performance. He argues that the ‘modexp’ function, used in encryption and signing, significantly burdens the Ethereum network, hindering its scalability and compatibility with the Zero-Knowledge EVM (ZK-EVM) technology. Buterin suggests a fundamental change to the EVM code – although potentially leading to increased gas fees – is essential for bolstering both security and efficiency.