Vitalik: Institutions value Ethereum for its reliability; Ethereum has never experienced a single second of downtime in its ten-year history

BlockBeats News, July 5th. Ethereum co-founder Vitalik Buterin stated in an interview with CNBC at Cannes that people often think that institutions only care about "scalability" and "speed" — but the reality is quite the opposite. "Many institutions have directly told us that the reason they value Ethereum is because it is stable, reliable, and does not go down."

At EthCC, Buterin gave a keynote speech, outlining the next steps for the Ethereum network's development and the "values test" faced during the institutional adoption process. He added that many institutions also inquire about "privacy" and other aspects oriented towards the long-term future — these are the issues that institutions truly value. Ethereum Foundation's newly appointed Co-Executive Director, Tomasz Stańczak, also stated that the reason institutions choose Ethereum is precisely because of these core values. "For ten years, Ethereum has never experienced a second of downtime. For ten years of continuous upgrades, it has always upheld security and resistance to censorship."

He further stated that when institutions send orders to the market, they want to "one hundred percent confirm that their transactions can be fairly processed, not favored or discriminated against, and executed accurately at the time of submission." As stablecoins and tokenized assets gradually enter the mainstream, this kind of deterministic assurance is increasingly valuable.