Vitalik Buterin – The Genius Behind Ethereum

· 15 Nov 2017 in Crypto News, Home

Vitalik Buterin is a Russian-Canadian programmer, better known for being the creator of Ethereum, a distributed public network. Vitalik Buterin has decided to create a platform that features the smart contract functionality, allowing the exchange of money, property rights, and other kind of valuable contracts.

Buterin attended a school in Toronto, Canada, where he was one of the best in the group. He could easily beat everyone at the mathematics lessons. The teachers, his parents and himself realized that he was pretended to work in programming, mathematics and economy.

In addition to the Ethereum’s network, Vitalik Buterin has created Ether, a cryptocurrency that fuels the Ethereum’s platform.

“I thought that (the Bitcoin community) was not approaching to the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each (use case) in a sort of Swiss Army knife protocol,” said Vitalik Buterin.

Vitalik Buterin is the co-founder of the online news site named Bitcoin Magazine. This website was created in 2011 where Mr. Buterin has written several articles regarding the cryptocurrency world.

Prizes That Inspire Talents and Potentiate Civilization

But his intention was not to keep as a writer, but to perform something different. This is the reason why he started the development of a platform that could not only be useful for financial transactions, like Bitcoin, but also to create smart contracts. That’s why, in 2013, he released the Ethereum’s white paper. Because of this work, he was awarded with different prices, including the 2014 Thiel Fellows.

“We hope that the 2014 Thiel Fellows inspire people of all ages as they demonstrate that intellectual curiosity, grit and determination are more important than credentials for improving civilization,” he expressed when he won this famous prize.

In order to keep with the project, Mr. Buterin launched a crowdfunding campaign in July 2014. In the campaign, interested investors could purchase ether, the Ethereum token. In this opportunity the working team could rise more than $18 million dollars.

Once the platform was built and working, hundreds of developers started to take part on it. At the moment, different uses are given to the platform: finance, internet of things, electricity pricing, sports betting and more. Its ecosystem is used by ConsenSys, Microsoft, Intel, J.P. Morgan, BNY Mellon, ING and other important governments and institutions.

Regarding the Ethereum Project, Vitalik said: “I am truly grateful to have the opportunity to work in such an interesting and interdisciplinary area of industry, where I have the chance to interact with cryptographers, mathematicians and economists prominent in their fields, to help build software and tools that already affect tens of thousands of people around the world, and to work on advanced problems in computers science, economics and philosophy every week.”

Vitalik Buterin Is Now A Member of The Forbes 30 under 30 List

Because of his work, he is listed in the 30 under 30 list issued by Forbes magazine. This recognition is given to thirty figures from different fields from more than 600 recognized businesses. An incredible award for such a young entrepreneur. He is the youngest in the list with just 23 years old while the majority is between 26 and 27 years old.

This reward given by the Forbes magazine is still a small one compared to what he managed to do with Ethereum : creating a community of people and solving real life problems. For that and for the person he is, he deserves all our respect.

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