Key Highlights
- Ethereum finalized its 25 millionth block on May 1 without any recorded downtime.
- The genesis block, also called block zero, was mined on July 30, 2015.
- The announcement comes amid continuous evolution and upgrades.
Ethereum has finalized 25,000,000 blocks on May 1, with zero downtime since the beginning, highlighting the network’s operational consistency.
As announced by the non-custodial staking infrastructure provider, Etherscan, on May 1, “Today the network officially finalized block number 25,000,000. This is a huge win for the whole space. It is also important to note that Ethereum achieved this with absolute zero downtime since the very beginning.”
According to blockchain explorer Etherscan, block 25,000,000 was produced at the time of typical network activity, having 377 transactions and 122 contract internal transactions. It was made by a standard block producer and followed the established post-Merge proof-of-stake consensus mechanism.
The event was noted across community channels, including references from infrastructure providers and developers tracking on-chain metrics.
At the time of this writing, the price of ETH is 0.2% down in the past 24 hours and is hovering at $2,306, according to CoinMarketCap. The market capitalization sits at $278.35 billion, being 0.09% down, whereas trading volume is at $8.48 billion.
The genesis block
The genesis block of Ethereum was mined on July 30, 2015, marking the launch of one of the most widely used programmable blockchains. Since then, the blockchain has operated at an unvarying average block processing pace, despite experiencing several protocol changes, fluctuations in the market, and variations in its network activity.
A key highlight is the network reported 100% uptime, supported by consistent block creation and confirmation. The timeline also includes the shift of Ethereum from proof-of-work to proof-of-stake in 2022, also referred to as the Merge, as well as other updates such as changes in fees, availability, and validators.
Sale of 10K ETH
Alongside ongoing development, the Ethereum Foundation recently completed a private sale of 10,000 ETH to Bitmine Immersion Technologies, with each token priced at an average of $2,292.15.
The entire transaction is worth about $23.1 million. The over-the-counter deal was concluded by both parties without using any public exchange platform. As mentioned in the official statement from the foundation, this transaction serves as a key component of their usual treasury management policies.
The funds generated from the sale will be used for supporting essential operations such as conducting research, developing the ecosystem, and issuing grants.
Continuous blockchain operation
Operation through 25 million blocks is one such data point that represents continuous blockchain operation.
In contrast, Bitcoin itself has similarly shown high uptime since its launch in 2009, but with a simpler model for transactions. Ethereum’s sophisticated virtual machine and smart contracts add new potential vulnerabilities to the chain, making the uptime data technically interesting.
Going forward, focus may shift toward metrics such as validator participation, layer-2 scaling adoption, and the impact of future protocol upgrades.
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