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Vitalik Buterin intends to make fundamental changes to the Etherium network

At the Devconnect event in Turkey, Vitalik Buterin presented a strategy aimed at improving the betting mechanism of the Efirium network and the performance of the entire blockchain.

The proposed plan involves integrating private memepools and ERC-4337 functionality to effectively address the issues hindering the development of the network. According to Buterin, private memepools will be able to provide users with increased privacy and security, as well as allow private cryptocurrency transactions to be hidden from the attention of public memepool users. In turn, the ERC-4337 functionality should make it easier to use multi-signature wallets online.

Another key aspect of Buterin’s new concept will be the integration of pre-compilation functionality.

“By pre-processing certain code elements, this functionality could potentially improve the efficiency of deploying smart contracts on the Etherium network, making them faster and more cost-effective to execute,” Vitalik Buterin explained.

The Ethereum co-founder is concerned about the risks potentially leading to the centralization of liquidity-stacking solutions for the Etherium network, especially in light of the activity of companies like Lido Finance. Therefore he promises to strive to maintain decentralization processes, including to maintain liquidity in betting.

Earlier, attorney and former Etherium advisor Steven Nerayoff came forward
another scandalous accusation against Vitalik Buterin. Steven Nerayoff has accused the co-founder of Efirium of plagiarizing and borrowing his ideas and inventions.