Vitalik Buterin’s Vision for a Stronger, Simpler Ethereum

Ethereum co-founder Vitalik Buterin addressed a full house of approximately 1,100 attendees at the Ethereum Community Conference (EthCC) in Brussels. In his keynote speech, Buterin discussed the necessity of fortifying the Ethereum blockchain’s foundational layer. He highlighted both the strengths and weaknesses of Ethereum’s extensive smart-contract ecosystem and expressed concerns about transaction censorship. One significant proposal he mentioned was raising the “quorum threshold” from 75% to 80%.

Buterin praised the Ethereum ecosystem for its large, decentralized staking structure and its diverse, intellectually vibrant global community. However, he acknowledged several areas needing improvement. One major issue is the challenge of solo staking due to the high requirement of 32 ETH to become a validator. Additionally, he pointed out the technical complexity of running a node. Despite these challenges, Buterin emphasized that these issues are “very addressable.”

He also discussed various technical enhancements aimed at simplifying the protocol to address Ethereum’s current weaknesses. Buterin stressed the importance of maintaining a straightforward ecosystem, avoiding overly complicated features and ensuring backwards compatibility only when necessary. He humorously referred to past ideas he had proposed that might have contributed to the current complexity, suggesting a need for simplification.

Buterin also voiced his concerns about the potential for a 51% attack on the blockchain. He explained that the community’s assumed response would be to rally together, execute a minority soft fork, and penalize the attacker. However, he noted that such a coordinated response might be challenging to implement effectively in the future.

A key proposal Buterin advocated for was increasing the quorum threshold to 80% to make recovering from chain attacks more feasible before finalization occurs. He believes that doubling down on Ethereum’s strengths while addressing its inadequacies is crucial to meeting the community’s high standards.

Buterin’s presence at EthCC has been consistent over the years, with past talks focusing on various challenges and developments in the Ethereum ecosystem, including “abstraction” in 2023 and discussions leading up to the Merge in the previous year.

👉Join our Trading Community and Earn Airdrops! 👈

Finally, if you learned something, hit that UP ARROW ⬆️ and SHARE. 🔁

You found this content helpful ?

  1. 1
    Join our free weekly "Bubble Bulletin" for more
  2. 2
    Join us on Discord for live chat and daily updates
  3. 3
    Follow us on Twitter
  4. 4
    Share this content using the buttons below :


This piece of content is provided for educational and entertainment purposes only. Robin Technologies and Analytics LLC is the firm that distributes 1.2 Labs products. The firm does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Robin Technologies and Analytics LLC registered as an investment adviser or broker-dealer in any jurisdiction.

You should expect no financial returns one way or another based on statements contained herein. These points hold equally for any statements that could be attributed to The Art of The Bubble or any related business entities or personnel operating in association with Robin Technologies and Analytics LLC.

If you decide to buy or invest in anything, then your returns and potential losses are your own. No statements about taxation are taxable advice and you are encouraged to consult your own tax professional. You are also encouraged to do your own due diligence before investing in anything.


September 26, 2022

July 23, 2022

November 7, 2022

November 6, 2022

September 1, 2022

February 6, 2023

June 19, 2024

October 27, 2022

November 28, 2022


July 18, 2024

July 17, 2024

July 15, 2024

July 11, 2024

July 9, 2024

July 8, 2024

July 4, 2024

July 3, 2024

July 2, 2024

What do do now?

Join the free 1.2 Labs "Bubble Trading" Bulletin for new trading strategies, macro & sentiment analysis and occasional free airdrops