Ethereum co-founder Vitalik Buterin believes Ethereum should aim to become as simple as Bitcoin while maintaining its advanced capabilities.Simplifying Ethereum includes making the protocol easier to understand, increasing participation in development, and reducing costs.Key areas of simplification include Consensus Layer, Execution Layer, and sharing components across protocol layers.Vitalik Buterin concludes that simplifying the protocol would benefit Ethereum in the long run, despite current market challenges.