Ethereum co-founder Vitalik Buterin has recently made headlines by retweeting a post highlighting the cryptocurrency’s robust functionality. The tweet, which was from a current member of the Ethereum Foundation, listed major upsides of the ETH network, particularly focusing on the lack of an “off switch”, which Buterin liked and retweeted promptly. Ethereum is currently experiencing a significant price uptrend, posting a 65% appreciation to reach its current spot level of $3,800.
Buterin is known for being the face of the Ethereum network over the last 8-9 years, as other co-founders, such as Charles Hoskinson, Gavin Wood, and Joseph Lubin, left the organization to start their ventures or drifted out of the picture over time. Buterin’s longevity and focus on the programmable blockchain’s further development have cemented its place at the coveted #2 position in the crypto charts over the years. Despite challenges from competitors like Solana, Tron, Cardano, and others, Ethereum remains the number one altcoin in the market and a significant trendsetter.
Buterin Praises Ethereum’s Longevity
Buterin’s retweeted post spoke at length about Ethereum’s incredible longevity. For a decade, the Ethereum network has run continuously without any downtime or maintenance. This is in contrast to major centralized services like Facebook, Amazon Web Services (AWS), and Cloudflare, all of which have experienced significant outages.
Founded back in 2015, the network’s progress and relevance are attributed to developers, stakers, researchers, and users who have worked day and night to keep it running and avoid network outages.
Is Ethereum’s Lack of Outage a Big Plus?
To be entirely realistic, Ethereum has done a fantastic job of keeping the network up for a decade. However, all other major blockchains can also boast this statistic. Bitcoin has never experienced a single day or even a few hours of downtime. The same can be said of Cardano, Solana, and other Ethereum competitors.
 
Due to the nature of decentralized networks, avoiding downtime is no longer a feat, and the focus has shifted to scalability and speedy transactions. Bitcoin is immune to these requirements because, at its core, it is not a programmable blockchain, and its function is rather limited, for better or worse.
Ethereum, on the other hand, is facing stiff challenges from its rivals, and this bull market could spell the biggest challenge for the digital currency since 2017, when XRP managed to dethrone it for a few days to take the much-sought #2 position in the charts.
Ethereum is sometimes criticized for being a “legacy blockchain” with limited transactional capacity. The next few months will be crucial in determining the future of ETH and its ecosystem. ETH needs to hold on to its position in the coin charts, or a long decay of the status quo will begin. Buterin is looking to upgrade Ethereum aggressively, but only time can tell just how effective this positioning will be for the top altcoin.
Source: https://zycrypto.com/vitalik-buterin-highlights-ethereums-edge-over-centralization-including-zero-downtime/
