Ethereum co-founder Vitalik Blerin shared a new proposal By the weekend it is radically able to overhaul the system that empowers its intelligent contracts.
Baterin’s suggestion, which he posted to the main developer of Ethereum, involves replacing the Ethereum Virtual Machine. .
EVM is a major piece of Ethereum’s underlying design and is seen as one of the key elements that helps the network overcome in a tight field of other blockchains. Many non-ethereum networks have used EVM to produce their own chains, such as a growing ecosystem of layer-2 networks built above Ethereum, including Coinbase’s base chain.
EVM has long played an important role in the development of Ethereum. Other chains that use it may seamlessly connect apps to Ethereum, and developers to EVM -based networks can move better with developing applications directly within the Ethereum ecosystem.
Buterin argued that the Ethereum transfer to a RISC-V architecture would “greatly improve the efficiency of the Ethereum implementation layer, which resolved one of the major scaling bottlenecks, and could also improve the simplicity of implementation layer implementation.” (The Implementation layer is the part of the network that reads smart contracts.)
RISC-V architecture, which has seen limited adoption to other blockchain ecosystems, Like PolkadotIt can offer “Effectiveness of the efficiency of more than 100x” for certain types of applications, according to Baterin. These improvements can reduce network costs – prolonged as a major obstacle to adoption.
Among the main benefits of RISC-V are its native support for certain types of encryption. Moving to the new architecture may, in Butin’s view, become a simpler alternative to the current community plan, which involves the rebuilding of EVM around zero-knowledge cryptography.
Baterin’s proposal is something that developers will discuss in the long -term period, comparable to projects Like a beam chainlooking to change the Ethereum consensus layer.
RISC-V arrives at the time of a broader soul search for the Ethereum community. Recently, transaction volumes refused, and the Ethereum token was caught behind the broader market.
Earlier this year, the Ethereum Foundation, the main non-profit that supports the development of Ethereum’s wider ecosystems, has undergone a transfer of leadership in an attempt to resolve the impression on community members whose ecosystem lacks a clear roadmap and loses its leadership compared to competitors.
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