<ul><li>Vitalik Buterin proposes replacing Ethereum’s Virtual Machine (EVM) with RISC-V to boost performance up to 100x and simplify the protocol to match Bitcoin's simplicity within five years.</li><li>The transition aims to make Ethereum faster by eliminating translation steps while maintaining backward compatibility across Consensus Layer, Execution Layer, and sharing components.</li><li>Ethereum has seen a decline in market share to 7% in April, with prices around $1,800, down 63% from its 2021 all-time high.</li><li>Despite challenges, Buterin believes in the long-term success of simplifying the Ethereum protocol and sees it as essential for the network's advancement.</li></ul>

Vitalik Buterin’s Plan to Simplify Ethereum and Match Bitcoin’s Protocol Simplicity

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