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The crypto community has come together to celebrate the 8th birthday of the Ethereum (
$2,319.71 ) network, marking eight years since when the Ethereum ( $2,319.71 ) Foundation first sent the network live.
On July 30, 2015, former Ethereum ( $2,319.71 ) Foundation CCO Stephan Tual penned a blog post, officially announcing that the network had been rolled out.
“The vision of a censorship-proof ‘world computer’ that anyone can program, paying exclusively for what they use and nothing more, is now a reality,” he wrote.
$2,319.71 ) FoundationEight years later, Ethereum ( $2,319.71 ) and its native currency Ether (ETH) has grown to become the second largest crypto asset in existence, boasting a market capitalization of $225 billion and more than 1,900 monthly active developers.
8 years of growth
Community members marked the occasion by sharing fond memories and looking back at its prices, development and overall growth since inception.
Bankless co-host Ryan Sean Adams, noted that Ethereum ( $2,319.71 ) reportedly boasts $400 billion in secured value, $3.6 billion in annualized profits, and a total of 17.8 million blocks of digital assets.
Happy birthday Ethereum (
$400 billion in secured value, $3.6 billion in annualized profits, and a total of 17.8 million blocks of uncensorable digital property.
Not bad for an 8 year old.
— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) July 30, 2023
Using the networks’ 8th birthday as an opportunity to reminisce, Binance CEO Changpeng Zhao posted a tweet on X — regaling the time that Ethereum ( $2,319.71 ) co-founder Vitalik Buterin stayed with him in Tokyo in the months leading up to the launch of Ethereum ( $2,319.71 ) .
CZ said Buterin was speaking about ETH “non-stop” at the time and joked about missing out on buying Ethereum ( $2,319.71 ) at inception. “If I had bought ETH then, I might not have had the need or drive to start Binance. Who knows?” he quipped.
On this 8th birthday of $2,319.71 ) ?src=hash&ref_src=twsrc%5Etfw"># Ethereum (
— CZ Binance (@cz_binance) July 30, 2023
Reformed Bitcoin (
$75,758.00 ) er Udi Wertheimer celebrated the occasion with a dash of humor, referring to the Ethereum ( $2,319.71 ) network as his “favorite Bitcoin ( $75,758.00 ) sidechain.”
Happy birthday Ethereum (
My favorite Bitcoin (
— Udi Wertheimer (@udiWertheimer) July 30, 2023
Related: Ethereum ( $2,319.71 ) is about to get crushed by liquid staking tokens
Ethereum ( $2,319.71 ) was co-founded by a number of prominent figures, most notably Buterin, along with Charles Hoskinson, Gavin Wood, Joseph Lubin and Anthony Di Iorio.
By allowing developers to create smart contracts and build new blockchain-based applications, Ethereum ( $2,319.71 ) became integral to the Initial Coin Offering (ICO) boom in late 2017 to the explosion of decentralized finance (DeFi) protocols and development — dubbed “DeFi summer” — in 2020.
It was 8 years ago today, we launched #ethereum from a small office in Waldemarstraße 37A in Berlin
What a journey its been since then?
It became the most widely used cryptocurrency network, switched to PoS and spawned many alt-L1s and L2s
Excited for what the future brings! pic.twitter.com/bmgcjTVLbE
— Lefteris Karapetsas | Hiring for @rotkiapp (@LefterisJP) July 30, 2023
A little more than a year after DeFi summer, Ether notched its all-time-high of $4,878 on Nov. 10, 2021. At the time of writing ETH is changing hands for $1,869.
$2,319.71 ) all-time price chart. Source: CoinGeckoMost recently, crypto enthusiasts witnessed the successful implementation of The Merge upgrade on Sept. 15, 2022, which saw the network transition from a Proof-of-Work to a Proof-of-Stake consensus mechanism — driving down its energy usage and unlocking staking incentives for validators and investors.
Magazine: Here’s how Ethereum ( $2,319.71 ) ’s ZK-rollups can become interoperable
