July 30 Ethereum Foundation to host global livestream featuring Vitalik Buterin and prominent ecosystem developers to celebrate 10th anniversary EthereumThe event will feature co-founder Joseph Lubin and researchers and developers who have contributed to the network’s continued operation over the past decade.
According to the project developers, Ethereum has continued to operate through market downturns, regulatory issues, protocol upgrades, security incidents, and global events without missing a single block. Outages at 19 Cloudflare data centers and various outages in alternative blockchains only serve to underscore its resilience. Ethereum.
Joseph Lubin said the blockchain works “almost flawlessly” when making major protocol upgrades. The co-founder explained that network upgrades are performed “on the fly,” without interrupting block creation or user transactions.
I am honored to be a torchbearer on the way to celebrating the 10th anniversary of the launch. Ethereum and the non-stop, essentially flawless operation of the protocol, even though the protocol has undergone many major updates “on the fly,” without missing a single block, Lubin wrote.
What is particularly impressive is the fact that Ethereum switched from a Proof-of-Work consensus algorithm to a Proof-of-Stake algorithm as a result of The Merge and has continued to operate since then. Numerous hard forks and protocol upgrades have been performed, and no services have been shut down.