Ethereum Nears 10 Years of Uptime, Critics Raise Concerns

While Ethereum (ETH) is approaching its tenth anniversary, the members of the community showed up to highlight the network’s resilience.
Ethereum began the countdown to its 10th Anniversary a little over a week ago, revealing an NFT torch owned for the first time by the co-founder Joseph Lubin.
Ethereum reached 10 years online without any stoppage
Beincryptto reported that the countdown of Ethereum’s 10th anniversary started with the network launching an NFT torch, which exchanges hands every 24 hours.
While the media threw is built, with only two days at the event, the members of the community highlight the resilience of the network covering 10 years.
Binji Pande, A Contributor to the Ethereum and Optimism Foundation (OP), expressed the network completion file, citing ten years of breaks or maintenance windows.
“Ethereum has been online for ten years consecutive with zero breaks and zero maintenance windows. Meanwhile: – Facebook fell for 14 hours – AWS Kinesis frozen for 17 – Cloudflare abandoned 19 data cents – Alt L1S … Well, you know. “, Binji wrote, humans of planned decline,” Binji wrote.
The contributor noted that Ethereum has proven unstoppable, enduring various market forces, unlike other networks, which suffer from stoppage during congestion seasons.
“… Ethereum never stops, not through forks, accidents, bubbles, prosecution, hacks, wars and all the types of dramas that the Internet can launch,” added the contributor.
According to Binji, this completion assessment is awarded to the Ethereum community, including developers, stakers, researchers and users.
The co-founder of Ethereum, Vitalik Buterin, echoed the feeling, close the message on X (Twitter). However, not everyone joined Ethereum’s idea as an infinite machine.
Critics dispute the narrative and legal foundations of Ethereum
Analyst Marty Party challenged the point of view, Highlighting the slow speed of the Ethereum network and its layer 2 (L2) infrastructure. He too Said that Ethereum’s availability record is misleading, calling centralized L2S proxies and linked to entire.
“Stop the sugar by covering the facts. It is slow and unusable at 13 TPS. The L2 are not blockchains, these are centralized sequencers who only bring together pseudo” transactions “, zips them and write them in zips in Ethereum with a window of whole at 7 days”, the analyst disputed.
He warns that most of the assets are unregistered titles, especially on platforms such as hyperliquid, and inspires Be careful until the new American cryptography laws clarify what is legal.
In particular, the hyperliquid has a native bridge to Ethereum and is designed to be compatible with the Ethereum virtual machine (EVM).
“I would wait until the law on the structure of the market and the Clarity Act to conclude the guidelines before contributing to important amounts to the L2 of Ethereum,” he warned.
Notwithstanding, the countdown of the tenth anniversary of Ethereum continues, with reports suggesting that Alex Bornyakov, vice-minister of the digital transformation of Ukraine, is the current holder of Torch Ethereum NFT.

Previous holders of the Ethereum NFT torch include Joseph Lubin, the ceremonial holder, and Michael Egorov, the founder of Curve Finance.
Beincryptto reported that a rotary casting of eminent community personalities and community manufacturers would have the torch for 24 hours since July 20. The next holder is due in a few hours after this publication.

When writing these lines, Ethereum was negotiated at $ 3,848, up more than 2.3% in the last 24 hours in the middle of institutional interest.
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