Vitalik Buterin Breaks Silence on Ethereum’s 9th Birthday

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As a seasoned cryptocurrency analyst with a decade of experience in the industry, I’ve witnessed Ethereum evolve from a promising project to the second-largest cryptocurrency by market capitalization, surpassing many other altcoins that once held the limelight. Today, July 30, marks a significant milestone for Ethereum as it celebrates its ninth birthday.

On July 30, we commemorate the ninth anniversary of Ethereum (ETH)’s primary network going live. This significant date is fondly remembered by many in the crypto community as the birth of one of the most influential blockchains.

Currently, Ethereum stands as the largest altcoin and the second most valuable cryptocurrency worldwide, trailing only Bitcoin. As we speak, the market capitalization of Ether (ETH), its native currency, amounts to approximately $401 million. Additionally, a staggering $60 billion in value is locked within its blockchain.

On this specific day in 2015, Stephan Tual, the previous COO of the Ethereum Foundation, announced the network’s launch via a blog post. In his publication, Tual expressed a vision of a universal computer – open-source, programmable, and resistant to censorship.

Today, it was none other than Vitalik Buterin, the visionary behind Ethereum, who took to social media to extend his greetings. In essence, Buterin celebrated Ethereum’s ninth birthday and expressed his excitement about what the coming decade may hold for this groundbreaking platform.

Happy 9th birthday, Ethereum!Looking forward to seeing what the next decade brings. — vitalik.eth (@VitalikButerin) July 30, 2024 What’s next for Ethereum (ETH)?Ethereum progresses in line with its planned development, having completed several enhancements and adopted numerous proposals. The blockchain remains on course towards achieving its upcoming objectives.Following are the proposed enhancements, starting with The Verge and The Purge. The former introduces Verkle trees, enabling stateless clients and significantly reducing the cost of operating a node. This modification is projected to boost the layer-1 gas limit by a factor of ten, resulting in more affordable transactions.The goal is to streamline the Ethereum Virtual Machine by eliminating certain complexities. Doing so will enhance its efficiency.

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2024-07-30 13:42