Vitalik Buterin: My ETH holdings have increased, and Ethereum has not been shut down due to DoS attacks and consensus failures since 2016
2024-10-26 03:37:57
Vitalik Buterin, co-founder of Ethereum, wrote on the X platform that the number of ETH he holds has increased. Now Ethereum does not lose 5 million ETH per year on proof-of-work, and the network fee is very low. Transactions can be completed in 30 seconds instead of 1-30 minutes (implemented through EIP-1550). Since 2016, Ethereum has never been shut down due to DoS attacks and consensus failures. Various security efforts (internal development and grants) have prevented many losses in capital. The relevant library also provides various codes used by users, including wallets, DeFi applications, etc.
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