The post Vitalik Buterin Assesses the Current State of Ethereum (ETH) appeared on BitcoinEthereumNews.com. Ethereum (ETH) co-founder Vitalik Buterin announced that the team has made significant progress this year towards Ethereum’s long-term goals of scalability, decentralization, and resilience. While Buterin argued that important milestones in the short-term roadmap are approaching, he also brought up a new technical proposal. Buterin introduced a proposal for a minimal zkVM (zero-knowledge virtual machine) called “leanVM.” Buterin noted that leanVM is optimized for XMSS aggregation and recursion, and that, compared to Cairo, leanVM significantly reduces processing costs by using a four-instruction ISA, multilinear STARKs, and logup lookups. Buterin said in a statement: The Ethereum team is doing a truly exceptional job across the board this year. I expect these ideas to come to fruition alongside key milestones in the near-term roadmap to ensure scalability, decentralization, and resilience. I also appreciate the emphasis placed on writing each piece in very few lines of code. Protocols are not just quick-fix solutions coded for short-term convenience. Protocols are, and should be, seen as, works of art. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/vitalik-buterin-assesses-the-current-state-of-ethereum-eth/The post Vitalik Buterin Assesses the Current State of Ethereum (ETH) appeared on BitcoinEthereumNews.com. Ethereum (ETH) co-founder Vitalik Buterin announced that the team has made significant progress this year towards Ethereum’s long-term goals of scalability, decentralization, and resilience. While Buterin argued that important milestones in the short-term roadmap are approaching, he also brought up a new technical proposal. Buterin introduced a proposal for a minimal zkVM (zero-knowledge virtual machine) called “leanVM.” Buterin noted that leanVM is optimized for XMSS aggregation and recursion, and that, compared to Cairo, leanVM significantly reduces processing costs by using a four-instruction ISA, multilinear STARKs, and logup lookups. Buterin said in a statement: The Ethereum team is doing a truly exceptional job across the board this year. I expect these ideas to come to fruition alongside key milestones in the near-term roadmap to ensure scalability, decentralization, and resilience. I also appreciate the emphasis placed on writing each piece in very few lines of code. Protocols are not just quick-fix solutions coded for short-term convenience. Protocols are, and should be, seen as, works of art. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/vitalik-buterin-assesses-the-current-state-of-ethereum-eth/