Understanding Ethereum’s ‘walkaway test’ – Who really keeps the network alive?

QWhat is the 'walkaway test' proposed by Ethereum Co-Founder Vitalik Buterin?

AThe 'walkaway test' is a concept proposed by Vitalik Buterin where Ethereum should reach a point where it can survive and function reliably even if active development slows or stops. It means the network's value should come from what is already built into the protocol, making it more like a tool that doesn't rely on constant updates or a central group of maintainers.

QAccording to the article, which group is responsible for supporting more than 90% of the value locked on the Ethereum network?

AA relatively small group of large application builders, including stablecoin issuers, DeFi platforms, staking providers, and TradFi players like PayPal and Coinbase, supports more than 90% of the value locked on the Ethereum network.

QHow much Ethereum did Tom Lee's Bitmine add to its holdings last week, and what is its total ETH exposure?

ATom Lee's Bitmine added $75.6 million worth of Ethereum last week, bringing its total ETH holdings beyond $13 billion.

QWhat are some of the long-term goals Buterin set out for Ethereum to pass the 'walkaway test'?

AButerin set out long-term goals such as stronger security and scalability, and a design that can last for decades, to make Ethereum technologically and socially robust for the long term.

QHow much Ethereum has Bitmine staked, and what does this indicate about their belief in the network?

ABitmine has staked approximately $3.69 billion worth of Ethereum, which is close to 1% of Ethereum's total supply. This significant investment shows their long-term belief in the network's durability and staying power.