Today, July 30th, the Ethereum community celebrates its 10th anniversary. 10 years since the main network (Main Net) He never stopped and released it for the first time It’s not a day since.
At the time, the ecosystem grew and forged its own history until it reached its technical milestones, challenges, hackeos, the biggest update in its history.
To commemorate the Ethereum Foundation (EF) illuminated the iconic torch. It travels through the various “hand to hand” wallets, through the various “hand to hand” wallets until it reaches its final destination on July 30th. It is burned as a closure and celebration gesture.
From Cryptootics, as it celebrates the chain’s 10th anniversary, it highlights the 10th event in its history.
1. The birth of the vision
The Ethereum story began before launching the base layer (L1). November 28, 2013Vitalik Bterin Co -Founder, along with other collaborators such as Gavin Wood, Joseph Lubin, and Anthony Di Iorio, presented an early draft of the white paper for this protocol.
This document, implemented in 2014, describes Ethereum as a protocol with a Turing complex, integrated programming language that can encode arbitrary state transition functions. This quality Allow developers to create various (and allow) systemfrom voting, games to distributed markets.
2. Creating the Ethereum Foundation
In July 2014, the Ethereum Foundation was created. It is a nonprofit organization that coordinates the development and promotion of protocols.
It consists of leading developers such as Vitalik Buterin, Justin Drake and Tim Beiko, and the organization encourages research, organizes events within the Ethereum ecosystem and supports initiatives.
nevertheless sometimes I was asked By the community As for the extent of influence and other practices such as sales of Ether, the role of EF is to guide technological evolution that serves as a reference point for the ecosystem.
3. Language for the future
August 2014 marked the birth of Solidity, an open source programming language for writing intelligent contracts in Ethereum.
When the idea of intelligent contracts was almost in the form of that blockchain, the need for a language that could give them life came into play. Therefore, robustness was born. This is a custom design tool This new distributed infrastructure program.
In this way, Soluity allows developers to write logical instructions that are automatically executed on the network. No intermediary required.
Since then, this programming language has become the main language of Ethereum’s vast universe. L came from his codeAs the first distributed application (defi)and DappNFT collection and distributed protocols.
4. The network is alive and lively
On July 30th, 2015, a new era began. That day, Ethereum left the test phase behind Officially turn on the main chain.
It was not just the birth of a network and another cryptocurrency, but the appearance of a platform designed for something much more ambitious.
Unlike Bitcoin, which focused on being digital money, Ethereum arrived together The promise of being a computer of the world.
Thus, a new ecosystem has begun to take shape. There we find new ways in which finance, games, governance and digital art exist without central control in the hands of the code.
5. Retreat with lesson
June 17, 2016, The exploit shook the foundations of Ethereum: The attacker exploited a vulnerability in DAO’s smart contracts, a platform aimed at funding decentralized projects, to bypass more than $60 million in ether (ETH).
Given the crisis, Vitak Buterin proposed Hard fork (Hard branching) was approved in July under EIP-779 (DAO fork) to reverse the attack.
The network was split into two paths: Ethereum (ETH) and Ethereum Classic (ETC). Decided, Controversy to challenge the immutability of protocolsmarked back and forth, the attacker holds the funds in the original chain.
6. Horizon Scalability
In 2017, Layer 2 (L2) solutions were introduced to ease Ethereum crowds.
The first approach occurred in December of that year when the TrueBit protocol presented innovative alternatives. Computer verification Off-chain They approached him Verifier’s GillemA, Do not check complex calculations so that nodes encouraged by efficiency do not waste time or reward.
For example, users were sometimes used by Ethereum to monitor ICOs (initial coin offers) through intelligent TrueBit contracts.
In August of the same year, Vitalik Butein and Joseph Poon proposed Plasma, an architecture designed to handle transactions outside the main chain, consolidating the role of the now known L2.
Implementation in July 2019 will be an important step towards scalability. He laid the foundations of what he is today Roll up. According to the L2Beat site, today there is a network of more than 100 layers of Ethereum, thanks to what was designed in 2017.
7. A step towards sustainability
In August 2021, Ethereum was in turn with Improvement Proposal 1559 (EIP-1559) included in the London Update: New Mechanisms Beginning to Burn A portion of the fees paid in each transactionIt aims to reduce ETH offers and add deflationary nuance to the protocol.
However, currently, more precisely, the issuance has exceeded 0.7% burn in the last 30 days. Mark the inflation period It pauses that lack story.
8. Moving to a new consensus system
On September 15, 2022, he made marks before and after Ethereum history. The merge was completed that day, the expected complex migration Replaced the consensus mechanism Based on a Participatory Test Model (POS), Proof of Work (POW) (when miners compete to solve mathematical problems to verify blocks).
Since then, the main character of network security has become a variator, and users who block it as guaranteed to some degree of ETH. Right to propose and confirm new transactions.
9. Opening to the traditional market
On May 23, 2024, the crypto ecosystem lived another historic milestone: the US Stock Exchange and the Securities Commission (SEC) was finally approved loss The first funds cited on a stock exchange (ETF) based on Ethereum.
Two months later, on July 23, financial giants like Vaneck and Fidelity opened the door for institutional investors to acquire regulated exposure to ETH without the need to directly interact with the network.
10. The final evolution
On May 7, 2025, he marked a new chapter in the evolution of Ethereum, Hard fork Sin, renewal Integrated elevation proposal (EIP).
Among the most notable changes are new rules regarding staking, which could potentially convert wallets with significant improvements in the performance of the second tier solution (L2).Smart wallet”creating a path to a more intuitive and automated experience for users.
However, not all innovations were received with applause. In particular, as reported by Cryptootics, EIP-7702 (a proposal that allows the portfolio to function as an intelligent contract) He turned on the community alarm light.
Concerns submitted at risks that this feature may involve include such blind companies, Enable malicious applications to work with transactions You will be exposed to the funds of a drainage attack without the consent of the full user.
Thus, Ethereum continues its path to a more refined path, but also faces new challenges that arise from its constant evolution.