Vitalik: My ETH holdings have increased, and since 2016, Ethereum has never been shut down due to DoS attacks or consensus failure
Ethereum co-founder Vitalik posted on X platform, 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 fee is 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 related libraries also provide various codes for users to use, including wallets, DeFi applications etc.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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