Vitalik Buterin proposes replacing the Ethereum Virtual Machine (EVM) with RISC-V to improve efficiency by 100%. This change may impact Ethereum’s Layer 2 roadmap, as pointed out by Adam Cochran. The Ethereum Foundation is focusing on upcoming upgrades to enhance scalability. Currently, ETH tests resistance at $1,688 amidst market volatility, with bearish indicators suggesting potential price drops.
Ethereum co-founder Vitalik Buterin has proposed significant changes to the Ethereum Virtual Machine (EVM), suggesting a shift to the RISC-V architecture. This overhaul could potentially offer efficiency improvements of up to 100%. Buterin articulated that such modifications would address scaling challenges and enhance the execution layer’s simplicity without compromising developer experience. His proposal envisions the possibility of supporting both EVM and RISC-V simultaneously.
Adam Cochran, a partner at Cinneamhain Venture, cautions that this alteration may disrupt Ethereum’s Layer 2 (L2) roadmap. While he acknowledges the advantages for Layer 1 (L1), he warns it may diminish the value of L2s. Cochran suggests that the technical demands of this switch need to be carefully weighed against its benefits to the existing roadmap.
In administrative developments, Tomasz Stańczak from the Ethereum Foundation remarked that recent organisational changes have allowed Buterin to focus on pivotal research explorations. However, Stańczak emphasised that this proposal is primarily a catalyst for dialogue among the community, which can significantly refine or reject such ideas.
Looking ahead, the Ethereum Foundation aims to enhance scalability and user experience with upcoming upgrades – Pectra, Fusaka, and Glamsterdam. The Pectra upgrade, slated for May 7, will introduce features like wallet recovery and transaction batching, addressing the operational considerations raised by ongoing competition from L2 networks and other blockchain platforms.
Recent price movements show Ethereum (ETH) facing resistance at $1,688 after breaking above a descending trendline. In the past 24 hours, ETH experienced $53.44 million in futures liquidations. Although the price has momentarily stabilised, a failure to maintain the ascending support level could see ETH retracing to around $1,450, with further declines possible down to the $1,150 mark if this support level fails. Indicators such as the Relative Strength Index (RSI) suggest increasing bearish momentum in the ether market, necessitating cautious investment strategies.
