According to @deanmlittle, a new project called IBRL is being developed with the help of a skilled compiler engineer to improve bytecode and potentially replace LLVM. This initiative could significantly impact blockchain and crypto infrastructure by optimizing smart contract execution and reducing gas fees, which are critical for trader profitability and blockchain scalability (source: @deanmlittle, May 31, 2025). Enhanced bytecode could lead to faster transaction processing and lower operational costs for exchanges and DeFi platforms.