Vitalik: Institutions value Ethereum for its reliability; it has never been down for a second in the past decade.

BlockBeats reports that on July 5th, Ethereum co-founder Vitalik Buterin stated in an interview with CNBC in Cannes that people often think institutions only care about “scalability” and “speed” — but the reality is quite the opposite. “Many institutions have directly told us that they value Ethereum because it is stable, reliable, and doesn’t crash.” At EthCC, Buterin delivered a keynote speech outlining the next steps for the Ethereum network and the “value test” it faces during the acceleration of institutional adoption. He added that many institutions also inquire about “privacy” and other long-term future features — these are the issues that institutions truly care about. Tomasz Stańczak, the new co-executive director of the Ethereum Foundation, also stated that institutions choose Ethereum for these core values. “For ten years, Ethereum has never been interrupted for even a second. Ten years of continuous upgrades, always adhering to security and censorship resistance.” He added that when institutions place orders in the market, they want to “be a hundred percent sure that their transactions will be processed fairly, without favoritism or discrimination, and executed accurately at the moment of submission.” As stablecoins and tokenization of assets gradually enter the mainstream, this type of certainty assurance is becoming increasingly valuable.