• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Friday, October 3, 2025
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

Vitalik Buterin’s ‘Degen Communism’ and his vision for reducing Ethereum technical debt

by wireopedia memeber
April 2, 2024
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
Vitalik Buterin’s ‘Degen Communism’ and his vision for reducing Ethereum technical debt
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Ethereum co-founder Vitalik Buterin spent April Fools’ Day writing both serious and playful content across the Ethereum website and his personal blog. Across the two posts, he advocated protocol simplifications and efficiency improvements while exploring thought-provoking ideas about the future of political and economic systems in an increasingly digital world.

You might also like

Brave Browser Surpasses 100 Million Monthly Active Users

Last Call Before Lift-Off? Dogecoin Coils For Crucial Breakout

US Senator Blasts Crypto’s Environmental Impact, Warns Of Impending Reckoning

In his more serious post, Buterin detailed the latest hard fork, Dencun, which introduced a series of protocol simplifications as part of the section of the Ethereum roadmap called “The Purge.” This effort aims to streamline Ethereum’s codebase, reduce technical debt, and enhance the platform’s overall performance. Notable changes include the reduction of the SELFDESTRUCT opcode’s functionality, the introduction of a limited storage window for blobs, and the potential removal of rarely used precompiles.

These simplifications are expected to make Ethereum client development and infrastructure building more straightforward, paving the way for increased decentralization and efficiency. Buterin highlighted other examples of “purging” efforts, such as the Geth client dropping support for pre-merge Proof-of-Work networks and an EIP eliminating the need to handle “empty accounts.” Additionally, the Dencun hard fork introduced an 18-day storage window for blobs, significantly reducing the storage requirements for Ethereum nodes.

Another area targeted for simplification is precompiles, which are Ethereum contracts implemented directly by clients. As Buterin noted, precompiles like RIPEMD-160, Identity, BLAKE2, and MODEXP have rarely been used to source consensus bugs and challenges for new EVM implementations. The Ethereum community is considering either removing these precompiles entirely or replacing them with equivalent EVM code.

EIP-4444, which removes the requirement for every Ethereum node to store all historical blocks indefinitely, is set to significantly increase the network’s node decentralization. Under this proposal, entities like block explorers will store entire history, while peer-to-peer protocols can be utilized to store and distribute historical data more efficiently.

Buterin also discussed a proposed LOG reform to remove bloom filters and simplify the LOG opcode. This change would pave the way for separate protocols using zero-knowledge proofs and incrementally verifiable computation to generate provably correct “log trees” for applications requiring decentralized access to logs.

The Ethereum execution layer is also slated to transition from RLP and Merkle Patricia tree formats to the more efficient SimpleSerialize (SSZ) format already employed by the consensus layer. This shift will streamline Ethereum’s cryptographic data structures, potentially leading to a single SNARK-friendly hash binary Merkle tree in the long term.

April Fools’ Day food for thought from Vitalik

While these technical improvements are crucial for Ethereum’s long-term success, Buterin has also been exploring more unconventional ideas about the future of society in the digital age. In a thought-provoking April 1 post titled “Degen communism: the only correct political ideology,” Buterin proposed a new ideology that embraces the chaos and risk-taking of the internet while aligning incentives with the common good.

While the post is undoubtedly an April Fools’ joke on the surface, it raises some interesting questions about the future of political and economic systems in an increasingly digital and decentralized world.

Central to this concept is the idea of “chaos with a purpose,” which suggests that instead of suppressing the volatility and unpredictability of markets and social media, we should harness these forces to drive innovation and progress. Buterin proposes various mechanisms to redirect the benefits of this chaos towards public goods and protect vulnerable individuals from its downsides.

Although “degen communism” is far from a fully-fledged political ideology and is not intended to be taken entirely seriously, it highlights the need for innovative thinking in addressing the complex social and economic issues of the 21st century. By embracing change and experimentation while prioritizing equity and social welfare, we may be better equipped to navigate the challenges and opportunities of the digital age.

As Ethereum evolves, Buterin’s vision for the platform and the broader digital landscape demonstrates a commitment to both technical excellence and social responsibility. The ongoing efforts to simplify and improve Ethereum’s protocol, combined with thought-provoking ideas about society’s future, showcase blockchain technology’s potential to drive positive change on multiple fronts.

While some of the ideas proposed in Buterin’s April Fools’ post, such as Harberger taxes on intellectual property and “proof of stake” schemes for immigration, may seem radical or impractical, they serve as a reminder that addressing the challenges of this century will require bold, innovative thinking. As the Ethereum community works to build a more efficient, secure, and decentralized platform, it is essential to consider the broader implications of these technological advancements and their potential to shape the future of society.

The post Vitalik Buterin’s ‘Degen Communism’ and his vision for reducing Ethereum technical debt appeared first on CryptoSlate.

Read Entire Article
Tags: BlockchainCoin SurgesCryptocurrenciesCryptoslateMarket StoriesTrading
Share30Tweet19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Ethereum co-founder responds to Sweden’s cashless-society rethink

Ethereum co-founder responds to Sweden’s cashless-society rethink

May 26, 2025

BitMine’s Ethereum Holdings Top 833,000, Becoming The Largest ETH Treasury Globally

August 5, 2025

Crypto Reserve For Confiscated Assets On Kazakhstan’s Agenda, Report

July 15, 2025

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • The Green Party might be small but it’s thinking big – can it make a dent in Reform’s rise?
  • Brave Browser Surpasses 100 Million Monthly Active Users
  • Last Call Before Lift-Off? Dogecoin Coils For Crucial Breakout
  • US Senator Blasts Crypto’s Environmental Impact, Warns Of Impending Reckoning
  • People Think That Taylor Swift’s Jeering Diss Track “Actually Romantic” Is About Charli XCX. Here’s Everything There Is To Know.

© 2024 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2024 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$119,951.001.08%
  • ethereumEthereum(ETH)$4,459.701.54%
  • rippleXRP(XRP)$3.052.21%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$1,096.615.89%
  • solanaSolana(SOL)$230.402.65%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.255640-0.66%
  • staked-etherLido Staked Ether(STETH)$4,457.081.55%
  • tronTRON(TRX)$0.3429930.45%
  • cardanoCardano(ADA)$0.860.16%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$119,829.001.12%
  • chainlinkChainlink(LINK)$22.36-1.12%
  • stellarStellar(XLM)$0.4041211.03%
  • avalanche-2Avalanche(AVAX)$30.19-1.22%
  • bitcoin-cashBitcoin Cash(BCH)$602.292.92%
  • litecoinLitecoin(LTC)$116.75-1.90%
  • crypto-com-chainCronos(CRO)$0.211104-4.96%
  • shiba-inuShiba Inu(SHIB)$0.000012-1.66%
  • polkadotPolkadot(DOT)$4.230.70%
  • uniswapUniswap(UNI)$8.210.23%
  • daiDai(DAI)$1.000.01%
  • okbOKB(OKB)$191.480.03%
  • nearNEAR Protocol(NEAR)$2.921.40%
  • vechainVeChain(VET)$0.023418-0.28%
  • cosmosCosmos Hub(ATOM)$4.240.33%
  • algorandAlgorand(ALGO)$0.223422-0.03%
  • filecoinFilecoin(FIL)$2.330.22%
  • elrond-erd-2MultiversX(EGLD)$14.101.14%
  • axie-infinityAxie Infinity(AXS)$2.260.15%