Plans to overhaul Ethereum's execution layer
Vitalik Buterin, the co-founder of Ethereum, has outlined a two-part plan to deeply modernize the execution layer of the second-largest cryptocurrency. These changes are aimed at increasing the scalability, efficiency, and security of the Ethereum ecosystem.
The first part of the plan involves a transition to a new data structure based on a binary tree. This is a concrete proposal that is already being actively discussed by developers and has a good chance of being implemented. This architecture will significantly reduce the amount of data stored by each full node in the network, leading to faster synchronization and lower hardware requirements.
The second part of the plan deals with the transition to a new virtual machine (VM) that will replace the current EVM (Ethereum Virtual Machine). This step remains more theoretical and requires broader consensus among Ethereum developers. The new VM can provide additional performance and security optimizations, but its implementation will require significant changes in the ecosystem.
Overall, Vitalik Buterin's proposals demonstrate the Ethereum team's commitment to continuous development and modernization of the network's base layer. The implementation of these plans will be an important step towards increasing the scalability and reliability of the second-largest cryptocurrency.