Vitalik Buterin, the dude who co-founded Ethereum, the big shot altcoin, came up with this plan to totally revamp the ETH blockchain. After getting a lot of heat and accusations thrown their way, the Ethereum Foundation, where Buterin hangs out, finally decided to address some major concerns about how hard it is for new developers to join the blockchain party.
I mean, Ethereum is holding a whopping $59.88 billion worth of assets on its chain. That’s like a serious amount of money, dude. They got these Layer 2 and Layer 3 chains trying to make Ethereum more user-friendly and scalable, while still keeping things secure with good ol’ ETH.
So, Buterin is all about making things easier for developers. He knows that the current Ethereum blockchain is like a maze of technical complexity, making it a pain for devs to jump in and start coding. The Ethereum Virtual Machine (EVM) is like the heart of the whole operation, and Buterin thinks it’s time for a change. His big idea is to simplify the Ethereum blockchain to be more like Bitcoin, hoping to get more people on board and boost the platform’s popularity.
In a blog post on May 3, Buterin spilled the beans about his plan. He thinks that by simplifying things, creating new stuff on Ethereum could be cheaper, easier to maintain, and faster. Sounds like a win-win, right?
Now, Buterin isn’t just stopping there. He’s dreaming big. He wants Ethereum to go head-to-head with Bitcoin in like five years. As of 2025, the ETH/BTC ratio hit a low point not seen in over five years. But things have been looking up since then. The ratio is sitting at 0.02237 at the moment.
But wait, there’s more. Ethereum’s Merge got some flak for moving away from decentralization by switching from Proof-of-Work to Proof-of-Stake. But Buterin sees it differently. He thinks simplifying the blockchain is actually decentralizing it even more. Changes are coming, and Buterin is all about that extra effort.
Ethereum ended its snooze fest on May 7 and started to rally. It’s now eyeing some resistance levels at $2,550 and $2,745. If things go south, Ethereum could find some support at $1,850. The tech indicators look pretty positive for more gains.
Over in the ETF world, Ethereum saw some outflows while Bitcoin was raking in the dough. Institutional investors are still a bit iffy about altcoins. But Ethereum is still the go-to for tokenizing real-world assets. BlackRock’s BUIDL tokenized a U.S. Treasury fund on Ethereum back in 2024, and now it’s managing billions. Ethereum holds 74% of the market for tokenized U.S. Treasuries, worth a cool $6.2 billion.
So, yeah, Ethereum is making moves, and things are looking up for this altcoin. Who knows what’s next, right? Just sit back and enjoy the ride.
