Ethereum is once again at a crossroads, facing mounting concerns about whether its core network can keep up with growing demand.
As more users migrate to faster Layer-2 solutions like Arbitrum and Optimism, critics — including Cardano’s Charles Hoskinson — have openly questioned Ethereum’s long-term survival.
Hoskinson recently argued that Ethereum could lose relevance within 10 to 15 years, predicting that Layer-2 platforms would eventually siphon off its value while Bitcoin continues to dominate.
But Ethereum co-founder Vitalik Buterin isn’t standing still. In a move that surprised many, Buterin unveiled a proposal for a major upgrade called “Layer-Zero.” This plan would overhaul Ethereum’s foundation by transitioning from the traditional Ethereum Virtual Machine (EVM) to a new zkVM architecture, built on the RISC-V standard.
If implemented, the upgrade could slash computational load by up to 832 times, cut transaction proving cycles by nearly 96%, boost throughput thirtyfold with GPU acceleration, and drastically compress blockchain data. The goal: make Ethereum lighter, faster, and far more efficient — tackling the very issues critics have pointed to.
Beyond technical improvements, the proposal signals a larger strategic shift. By strengthening the base layer, Ethereum could reduce its reliance on external scaling solutions, keeping more value and user activity within its own network.
Though still in the early stages, the Layer-Zero proposal highlights Ethereum’s determination to evolve rather than be eclipsed. Far from retreating, Buterin’s vision suggests Ethereum is preparing to solidify its leadership for the next era of blockchain innovation.
Economist and gold advocate Peter Schiff has renewed his criticism of the crypto market, but this time, his focus isn’t just Bitcoin—it’s the growing trend of companies whose business models revolve entirely around holding the digital asset.
Sonic Labs has secured legal approval to dissolve Multichain Foundation, marking a major step toward recovering funds lost during the platform’s collapse in 2023.
As Ethereum cements its role in the global financial landscape, the Ethereum Foundation has launched a sweeping initiative to future-proof the network’s security.
The creators of MetaMask haven’t ruled out launching a token—but if it happens, users can expect a transparent and scam-proof rollout.