Ethereum’s Future: Simplifying the Blockchain for Wider Adoption
Vitalik Buterin, co-founder of Ethereum, has unveiled a plan to simplify the ETH blockchain. This move aims to address the complexity that hinders new developers from joining the platform. Ethereum, with $59.88 billion in assets locked, is a major player in the crypto space.Layer 2 and layer 3 chains help scale Ethereum, enhancing user adoption and scalability.
Buterin believes the Ethereum Virtual Machine (EVM) can be replaced with a simpler option. His goal is to make Ethereum as user-friendly as Bitcoin,boosting its adoption and native token’s value. In a May 3 blog post, Buterin explained that simplification could lower infrastructure costs, reduce maintenance, and improve performance.
Buterin’s roadmap involves setting a maximum line of code target for long-term development. This aims to make Ethereum as simple as Bitcoin, where high school students can understand its architecture. Simplification could attract more developers to build on the chain.
Buterin sees Ethereum competing with Bitcoin in five years. Despite the ETH/BTC ratio hitting a five-year low in 2025, it has as recovered. Buterin believes simplification is a step towards further decentralization, contrary to some community views.
Ethereum’s price is on the rise, with key technical indicators supporting further gains. The ETH/USDT daily price chart shows promising trends.While Ethereum ETFs saw outflows, the altcoin remains the top choice for real-world asset tokenization.
BlackRock’s BUIDL, a tokenized U.S. Treasury fund on Ethereum, has over $2.5 billion in assets. Ethereum holds 74% of the market for tokenized U.S. Treasuries, contributing to its recent gains and potential for a short to medium-term rally.
