In a recent turn of events, Ethereum co-founder and public leader, Vitalik Buterin, took to his X account to address the ETH community on an important Ethereum Layer-1 issue, recalling the initial whitepaper of this brainchild issued in 2013.
BlackRock’s Crypto Fund Puts Its Eggs in the Ethereum Basket
10 #Bitcoin ETFs
NetFlow: +2,761 $BTC(+$288.98M)🟢#iShares(Blackrock) inflows 2,681 $BTC($280.56M) and currently holds 683,018 $BTC($71.48B).
9 #Ethereum ETFs
NetFlow: +2,413 $ETH(+$6.08M)🟢#iShares(Blackrock) inflows 6,053 $ETH($15.25M) and currently holds…
— Lookonchain (@lookonchain) June 19, 2025
Also, on June 19, BlackRock’s iShares Ethereum Trust scooped up an impressive 6,053 ETH worth $15,476,427.
Buterin and Lubin Stand by Ethereum L1
Praising Ethereum L1 versus layer-2 blockchains, Lubin stated that it will be “the master ledger for the world.” He reminded the crypto community that it can be inspected permissionessly at any time, and anyone can use it, add data or functionality to it.
Ethereum L1 is the world ledger.
— vitalik.eth (@VitalikButerin) June 20, 2025
He enumerated other virtues of it: “Credibly neutral. Censorship resistant. Tamper resistant and tamper evident (via slashing and transparency). Incessantly progressively decentralizing itself.”
Lubin added that it also has a “best-class giant community”, which is hyper vigilant, patient, boasting that “well resourced actors working to subvert the system.” However, Lubin concluded, “this will get harder and harder as Ethereum grows and matures.”
Vitalik Buterin supported his tweet with a single sentence: “Ethereum L1 is the world ledger.”
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2025-06-20 17:03