Market Trend Insight: Can Vitalik Buterin's New Proposal of Gambling on RISC-V VM Bring New Hope to Ethereum?

Market Trend Insight: Can Vitalik Buterin's Bold Bet on RISC-V VM Bring New Hope to Ethereum? As one of the most influential smart contract platforms currently, Ethereum's execution layer efficiency and scalability have always been the focus of the community. At present, the Ethereum Virtual Machine (EVM) faces challenges when executing smart contracts, such as slow execution speed and low proof efficiency, which limit Ethereum's further development. Although some EIP proposals are trying to optimize this issue in the short to medium term, the overall optimization direction will ultimately encounter the same stumbling block: EVM. As a stack-based architecture product, EVM was born to ensure program security and encryption characteristics, and is only suitable for running small-scale programs. Therefore, it does not match the register architecture of modern CPUs and cannot fully utilize the parallel processing capabilities of modern hardware. Regardless of optimizations in the consensus layer or data availability layer, all problems will ultimately be stuck at the processing capacity of the execution layer. Although SNARKs have gained widespread consensus and a large amount of computational load has been transferred to L2, temporarily relieving the pressure on the Ethereum mainnet, when the application ecosystem becomes more diverse and data types and tasks become more varied, EVM's inefficiency will limit the ecosystem's development, just like inserting a button battery into a new energy vehicle.