Vitalik Buterin’s New Upgrade Could Future-Proof Ethereum Against Bitcoin Threat

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Ethereum, one of the biggest forces in blockchain technology, is once again under the spotlight.

With growing concerns about its scalability issues, especially as more users turn to Layer-2 platforms like Arbitrum and Optimism, doubts are rising about whether Ethereum can handle the future demand.

Now, co-founder Vitalik Buterin Vitalik Buterin   Vitalik Buterin is a well-known tech geek, influencer, and computer programmer. To promote the blockchain, he started Bitcoin Magazine and provided blockchain information for cryptocurrency investors. In 2015, he co-founded Ethereum, a blockchain platform that contributed to decentralized finance.   Quick Facts   Full name Vitaly Dmitrievich Buterin Birth 31-01-1994, Kolomna, Russia Education University of Waterloo Wife/Partner To be updated / Not Married Famous for Ethereum, ETH, Blockchain advocate/promoter  Net Worth $1B (refer for realtime)   Buterin recognized the need for decentralized finance and used smart contracts to publish the Ethereum whitepaper.  His contributions paved the way for Ethereum's transition to Proof-of-Stake, which proved to be scalable and effective. Furthermore, he introduced Ether (ETH), the blockchain platform's native coin. A Timeline of Vitalik’s Career Co-founded Bitcoin Magazine (2011) – Established one of the first crypto publications, writing extensively on Bitcoin and blockchain. Authored Ethereum Whitepaper (2013) – Proposed a blockchain with smart contract functionality for decentralized applications (dApps). Co-founded Ethereum (2015) – Launched Ethereum after a successful $18M ICO, revolutionizing the blockchain ecosystem. Developed Ethereum Virtual Machine (2015–2016) – Created the EVM, enabling developers to build and deploy smart contracts. Worked on Ethereum Scalability (2017–2021) – Contributed to Layer 2 solutions like Rollups, Plasma, and Sharding. Led Ethereum’s Transition to Proof-of-Stake (2018–2022) – Helped develop and implement Ethereum 2.0, merging the Beacon Chain in 2022. Blockchain Research & Cryptography (2016–Present) – Focused on zk-SNARKs, privacy tech, and decentralized governance models. Philanthropy & Crypto Advocacy (2017–Present) – Donated millions in crypto for pandemic relief, AI research, and financial inclusion.   Key Achievements of Ethereum's Co-founder   Year  Achievements Details 2014 Thiel Fellowship Awarded a $100,000 grant by Peter Thiel to work on Ethereum. 2018 Fortune 30 Under 30 Recognized as one of the most influential young leaders in technology. 2018 World Technology Award in IT Software Honored for contributions to blockchain and Ethereum’s development. 2021 Time 100 Most Influential People Recognized for his impact on the global crypto and blockchain ecosystem. 2022 Ethereum’s Transition to Proof-of-Stake Successfully led Ethereum’s transition from Proof-of-Work to Proof-of-Stake.   Other Useful links to connect with Vitalik Buterin   Platform Link X (formerly Twitter) https://twitter.com/VitalikButerin GitHub https://github.com/vbuterin Ethereum Official Website https://ethereum.org Vitalik’s Blog https://vitalik.ca     EntrepreneurCrypto and Blockchain Expert has stepped in with a surprising new plan — and it’s stirring up major conversation. His latest move comes right after strong criticism from Cardano’s founder Charles Hoskinson Charles Hoskinson Charles Hoskinson is an American entrepreneur and blockchain visionary. He co-founded IOHK, and Cardano (ADA), a blockchain project. He also co-founded the Ethereum blockchain platform. With the help of Cardano’s proof-of-stake (PoS) blockchain, Charles weighs on scalability, security, and interoperability to facilitate enterprise blockchain adoption. He directs research in Web3, cryptocurrency innovation, and decentralized governance through IOHK. Quick Facts Full Name Charles Hoskinson Birth 05-11-1987 in Hawaii, United States Nationality American Education University of Colorado Boulder, Metropolitan State University of Denver Marital Status Unmarried as of 2025 Net Worth Estimated around $700 million Charles Hoskinson's work in cryptography, digital assets, and blockchain promotion has recognized him in the crypto. His efforts in developing blockchain have greatly contributed to the advancement of DeFi and blockchain networks globally. Charles Hoskinson - Professional Career Timeline 2013 – Co-founded Ethereum (ETH), contributing to smart contracts and decentralized applications. 2014 – Left Ethereum over governance disputes and founded IOHK (Input Output Hong Kong). 2015 – Started developing Cardano (ADA), a third-generation blockchain with a proof-of-stake (PoS) model. 2017 – Launched Cardano mainnet, introducing scalable and secure blockchain solutions. 2019 – Led Cardano’s Shelley upgrade, enhancing network decentralization and staking rewards. 2021 – Rolled out Alonzo hard fork, enabling smart contracts and DeFi on Cardano. 2022 – Expanded Web3, governance, and blockchain adoption via Cardano’s Vasil hard fork. 2023 – Advocated financial inclusion and blockchain education in Africa and developing nations. 2024 – Advanced self-sovereign identity and on-chain governance with Cardano’s latest updates. Present – Continues shaping blockchain innovation, DeFi, and decentralized ecosystems through IOHK. He has collaborated with various tech experts and blockchain startups. Charles sees decentralized finance as a tool for financial freedom. He also educates crypto beginners through social media sites, conferences, and tech channels. Useful Links to Connect With Charles Hoskinson Platform Link X (formerly Twitter) Charles Hoskinson (@IOHK_Charles) / X LinkedIn profile Charles Hoskinson - Self-employed | LinkedIn Cardano Foundation Cardano Foundation YouTube profile https://www.youtube.com/c/charleshoskinson Chief Executive Officer , who believes Ethereum’s days are numbered.

“I don’t think Ethereum will survive more than ten or fifteen years. The Layer-2s will drain all the value, and users will migrate elsewhere, eventually getting eclipsed by Bitcoin,” said Charles Hoskinson.

Vitalik Buterin, however, had no intention of letting that prediction go unchallenged.

Is Ethereum really at risk of falling behind? Or is it about to launch its most powerful upgrade yet? Let’s dive into what’s unfolding.

Vitalik Buterin’s Layer-Zero Update

In a bold move, Buterin introduced a major new upgrade plan: a Layer-Zero proposal that aims to rebuild Ethereum’s core foundation.

The proposal suggests transitioning from the current Ethereum Virtual Machine (EVM) to a far more efficient zkVM system, based on RISC-V standards.

The improvements this upgrade could bring are nothing short of dramatic:

• It would require up to 832 times fewer computational cycles than the current EVM.
• Proving cycles would be reduced by 95.7%, making transactions much faster.
• Throughput could increase by 30 times thanks to GPU acceleration.
• Proof compression would shrink from 346MB to just 1.5MB, making the blockchain far more lightweight.

If successful, these changes could significantly boost Ethereum’s efficiency, cut transaction fees, and strengthen its competitiveness in an increasingly crowded blockchain market.

New @VitalikButerin blog post on replacing the EVM with RISC-V in the long-term.

I am a huge fan of this direction for Ethereum's execution layer.

Today, RISC-V zkVMs like SP1 are the clear endgame solution for "ZK-ifying" Ethereum and quickly becoming the de-facto solution for… pic.twitter.com/yFBojIheqC

— Uma Roy (@pumatheuma) April 20, 2025

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•   ,

Could Layer-Zero Secure Ethereum’s Future?

What makes this upgrade particularly important is that it could lessen Ethereum’s dependence on external Layer-2 solutions.
This strikes directly at the heart of Hoskinson’s criticism, offering a new path that keeps value within Ethereum’s own network.

By upgrading the base layer, Buterin’s plan could make Ethereum faster, cheaper to use, and more attractive for both developers and users, helping the network maintain its dominance even as blockchain technology keeps advancing.

Although still in the proposal phase, this upgrade is already making waves. If brought to life, it could dramatically reshape Ethereum’s future and prove that it is more resilient than its critics claim.

Ethereum’s Next Big Chapter

Vitalik Buterin’s quick and forward-thinking response shows that Ethereum is ready to evolve, not retreat.

Rather than being overshadowed by new platforms, Ethereum is preparing to reinvent itself and strengthen its leadership for the long term.

For Ethereum’s global community of users, developers, and investors, the next few years could be some of the most important in the platform’s history.

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