Vitalik Buterin reveals the 'real reason' users prefer Ethereum – "It's not about speed"

Co-founder of Ethereum, Vitalik Buterin, answered CNBC’s interview in Cannes that institutional investors choose Ethereum not for its “scalability” or “speed” but for its stability and reliability. Buterin said: “Many organizations have told us directly that they prefer Ethereum because it is stable, reliable, and not prone to crashing.” According to Buterin, the fact that Ethereum has never experienced a second of downtime in its ten-year history is great news for institutional investors. In the opening speech at the EthCC event in Paris, Buterin discussed the future development direction of the Ethereum network and the “value test” faced during this organization’s acceleration of adoption. Note that organizations are focusing on issues such as “privacy” specifically for the future, Buterin stated that these issues are much more important than the technical infrastructure of the system. The new CEO of the Ethereum Foundation, Tomasz Stańczak, also supports this view, stating that these core values are why organizations choose ETH: “Ethereum has not been down for a second in the past decade. Along with continuous upgrades, it has always remained true to security and censorship resistance.” Stańczak also noted that when organizations send orders to the market, they expect their transactions to be executed without discrimination, fairly, on time, and without errors. With stablecoins and crypto assets becoming increasingly popular, the importance of such defined guarantees is also growing.