Who Created Ethereum?




In 2008, unknown developers (or groups of developers) found bitcoin as a new way to send value through the internet. Four years later, a 19-year-old boy dreamed of a new platform based on this innovation in an effort to change the internet completely.

Vitalik Buterin, a programmer from Toronto, was first interested in bitcoin in 2011.

He co-founded the online news site Bitcoin Magazine in the same year, writing hundreds of articles about the world of cryptocurrency. He goes on to code for Dark Wallet, which is privacy minded and Egora's market.

Along the way, he came up with the idea of ​​a platform that would go beyond the financial use cases allowed by Bitcoin. He released a white book in 2013 which described an alternative platform designed for all types of applications that application developers want to build. The system is called ethereum.

Ethereum makes it easy to make smart contracts, code that can be enforced by yourself that can be used by developers for various applications.

For his work, Buterin was named fellow fellow Thiel 2014, a contest that awarded a $ 100,000 winner.

A developing community
After Buterin launched the ethereum white book, another developer joined the ranks.

One of the founders Dr. Gavin Wood wrote the yellow paper ethereum, a "technical Bible" which describes the specifications for virtual ethereum machines (EVMs) that handle the state of ledgers and carry out smart contracts, for example (see: How Ethereum Works).

One of the founders Joseph Lubin later founded ConsenSys based in Brooklyn, a startup that focuses on making decentralized applications.

To start the project, Buterin and other founders launched a crowdfunding campaign in July 2014 in which participants bought ether, or ethereum tokens which served as part of the project. (See: What is Ether?).

Gathering more than $ 18 million, at the time the most successful crowdsale to date. It took another year, but the first direct release, Frontier, was launched on July 30, 2015. It was not a sexy platform, but the command line interface offered developers a platform to make their own decentralized applications.

The smart contract platform takes off, swells into the ecosystem of hundreds of developers today and even attracts the attention of technology giants such as IBM and Microsoft.

Funds from the initial crowdsale of $ 18 million ethereum and the development of the project are now managed by the Ethereum Foundation, a non-profit entity based in Switzerland.
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