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Vitalik Buterin: My ETH holdings have increased, and since 2016, Ethereum has never been shut down due to DoS attacks or consensus failure

Vitalik Buterin: My ETH holdings have increased, and since 2016, Ethereum has never been shut down due to DoS attacks or consensus failure

Bitget2024/10/26 04:28

Ethereum co-founder Vitalik Buterin posted on platform X, stating that the amount of ETH he holds has increased. Now Ethereum will not lose 5 million ETH per year on proof-of-work, and the network fees are very low. Transactions can be completed within 30 seconds instead of 1-30 minutes (achieved through EIP-1550). Since 2016, Ethereum has never been shut down due to DoS attacks and consensus failures. Various security measures (internal development and funding) have prevented many financial losses. The relevant libraries also provide various codes for users to use, including wallets, DeFi applications etc.

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