As Ethereum (ETH) approached its 10th anniversary, community members moved forward to highlight the network’s decades of resilience.
Ethereum began its 10th anniversary countdown about a week ago, unveiling its first NFT torch by co-founder Joseph Lubin.
Ethereum hits online for 10 years with zero downtime
Beincrypto reported that Ethereum’s 10th anniversary countdown began with the network launching an NFT torch. This changes hands every 24 hours.
As the hype is built, community members highlight the network’s resilience over the decade, in just two days of the event.
Binji Pande, a contributor to the Ethereum Foundation and Optimism (OP), has clarified the network’s achievement record.
“Ethereum has been online for the 10th consecutive year with zero pauses and maintenance windows. At that point: – Facebook went down for 14 hours – AWS Kinesis frozen at 17 – CloudFlare dropped 19 data centers – Well, you know.
Contributors pointed out that Ethereum demonstrates the power of an unstoppable, enduring, diverse market, unlike other networks that suffer from downtime during busy seasons.
“…Ethereum never stops, not through forks, crashes, bubbles, litigation, hacking, war, and all sorts of drama the internet can throw,” the contributor added.
According to Binji, this record of achievement belongs to the Ethereum community, consisting of developers, stakers, researchers and users.
Vitalik Buterin, co-founder of Ethereum, reflected his sentiment and re-shared his X (Twitter) post. But not everyone has purchased the idea of Ethereum as an endless machine.
Critics challenge Ethereum’s uptime narrative and legal foundation
Analyst Marty Party challenged the view, Point out the slow speed of the Ethereum Network and its Layer 2 (L2) infrastructure. He too Ethereum’s uptime record is misleading and says it calls a proxy tied to an L2S centralized escrow.
“Facts stop sugar. 13 It can’t be used slowly in TPS. L2 is not a blockchain. They collect mere ‘transactions’, write them in ZIPS with zips, and write them in ZIPS with 7 days of escrow window,” the analyst challenged.
He warns Most assets can be unregistered securities, especially on platforms like high lipids. Be careful until you clarify what the new US cryptography is legal.
In particular, Hyperliquid has a native bridge to Ethereum and is designed to be compatible with Ethereum Virtual Machine (EVM).
“I will close the guidelines before making a massive contribution to Ethereum L2, waiting for the Market Structure and Clarity Act,” he warned.
Nevertheless, the countdown to Ethereum’s 10th anniversary continues, with reports suggesting that Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, is the current owner of the Ethereum Torch NFT.
Previous owners of the Ethereum NFT Torch include ritual owner Joseph Lubin and Michael Egorov, founder of Curve Finance.
Beincrypto reported that a rotating cast of prominent community figures and builders will hold the torch for 24 hours from July 20th. The next owner is scheduled for a few hours after this publication.
At the time of this writing, Ethereum was trading at $3,848, up more than 2.3% in systemic profits in the past 24 hours.
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