As Ethereum (ETH) approaches its tenth anniversary, community members have come forward to highlight the network’s decade-long resilience.
Ethereum is blazing toward its 10th birthday, igniting the celebration with a symbolic NFT torch first kindled by co-founder Joseph Lubin.
Ethereum Hits 10 Years Online With Zero Downtime
Ethereum’s clock is ticking toward its 10th birthday, and the party started with a bang! BeInCrypto reports the network ignited an NFT Torch, a digital baton passed between community members every 24 hours. Who will hold the flame next?
As hype builds, with only two days to the event, community members highlight the network’s resilience spanning 10 years.
Ethereum has silently, relentlessly, and flawlessly ticked past a decade. Binji Pande, a key figure at both the Ethereum Foundation and Optimism (OP), points out its impressive, unyielding run: ten years without a single pause or disruptive maintenance window.
Ethereum: Ten Years Unblinking.
While giants like Facebook crumbled for 14 hours, AWS Kinesis froze for 17, and Cloudflare stumbled offline in 19 data centers, Ethereum hasn’t even blinked. Zero pauses. Zero maintenance. A decade online, a testament to decentralization’s unwavering strength. Alt L1s? Their outages speak volumes. Every centralized system falters, dependent on human intervention and planned obsolescence. Ethereum stands apart.
Ethereum: A resilient force. Unlike other networks that crumble under pressure, Ethereum stands tall, weathering every market storm and congestion surge. It’s proven its mettle, showing that true decentralization means uninterrupted power.
“…Ethereum: unyielding. Through the chaos of forks, the sting of crashes, the fleeting highs of bubbles, the shadow of lawsuits, the breaches of hacks, the brutality of wars, and the endless drama the internet spawns – it persists.”
According to Binji, this record of accomplishment is ascribed to the Ethereum community, comprising developers, stakers, researchers, and users.
Vitalik Buterin amplified the message, blasting it across X (formerly Twitter) with a re-share. Yet, the “infinite machine” vision for Ethereum faced immediate headwinds.
Critics Challenge Ethereum’s Uptime Narrative and Legal Foundations
Marty Party, a sharp-tongued analyst, ripped into Ethereum’s shiny facade. Forget the hype, he argues, the network crawls at a snail’s pace, and those touted Layer-2 solutions? Just smoke and mirrors. Party calls Ethereum’s uptime claims “misleading,” branding L2s as centralized puppets tethered to escrow accounts.
Let’s ditch the saccharine spin: at a measly 13 transactions per second, it’s practically glacial. And calling L2s “blockchains” is like calling a dressed-up clown a king. They’re centralized tallymen, bundling pretend transactions into neat packages just to dump them onto Ethereum with a week-long waiting game. The charade is over.
“Hidden Dangers Lurk: Crypto’s Wild West Faces Reckoning.” A stark warning echoes through the digital corridors: Unregistered securities infest the crypto landscape, particularly on platforms like Hyperliquid. Tread cautiously, he urges, until the fog of US crypto law lifts, revealing the boundaries of legality.”
Notably, Hyperliquid has a native bridge to Ethereum and is designed to be compatible with the Ethereum Virtual Machine (EVM).
“Dumping serious capital into Ethereum Layer 2s right now? Hold your horses,” he advised, suggesting a strategic pause until the Market Structure Act and Clarity Act provide a definitive regulatory roadmap.”
Tick-tock goes the clock, counting down to Ethereum’s tenth birthday. But a digital flame is already burning bright: the Ethereum Torch NFT. Word on the blockchain is that Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, is now its keeper.
Ethereum NTF Torch holders. Source: Ethereum.org
Imagine a digital torch, blazing bright on the Ethereum blockchain. Its light has been carried by visionaries like Joseph Lubin, the project’s ceremonial guardian, and Michael Egorov, the architect of Curve Finance, each adding their own spark to its journey.
BeInCrypto revealed a captivating, round-the-clock relay race that began on July 20th, with influential figures and innovators within the community passing the baton every 24 hours. Anticipation is building as the next participant prepares to take the stage within hours of this announcement.
Ethereum (ETH) Price Performance. Source: BeInCrypto
Ethereum’s price surged past $3,848, a 2.3% leap in the last 24 hours, fueled by a stampede of institutional investors eager to stake their claim in the future of decentralized finance.
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