Vitalik Buterin Proposes Transition to RISC-V for Ethereum’s Execution Layer
Vitalik Buterin proposed a major overhaul for Ethereum's smart contract system by replacing the Ethereum Virtual Machine (EVM) with RISC-V, an open-source framework. Key points include:
- The EVM is integral to Ethereum's success, enabling compatibility for various networks and applications.
- Transitioning to RISC-V aims to improve execution layer efficiency and simplicity, addressing key scaling issues.
- Buterin estimates potential efficiency gains of over 100x for specific applications, which could lower network costs.
- RISC-V offers built-in encryption support, presenting a simpler alternative to current plans involving zero-knowledge cryptography.
- This proposal represents a long-term development effort, similar to other projects aimed at revamping Ethereum's architecture.
- Ethereum faces challenges with declining transaction volumes and competition from other blockchains.
- A recent leadership transition in the Ethereum Foundation seeks to clarify the ecosystem's roadmap.