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Vitalik Buterin: The innovator behind Ethereum

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Takuya Hiya
Vitalik Buterin: The innovator behind Ethereum

One of the biggest cryptocurrencies in the world is Ethereum, taking the world by storm since it was released in 2015. One of the minds behind Ethereum is Vitalik Buterin who co-founded this cryptocurrency innovation. Learn about cryptocurrencies when you know one of the great minds in the digital money industry.

 

Behind the success

Before Vitalik Buterin delved into the world of digital money, he indicated that he already had the mindset of not trusting central authorities because he believed having that kind of control is evil. This outlook improved the more he experienced the world but it was one of the reasons he delved into making sure there is a balance of power in institutions.

 

Buterin: The path to success

Once Buterin was introduced to cryptocurrencies by his father in 2011, specifically to Bitcoin, he started to learn about cryptocurrencies until he founded the Bitcoin Magazine with Mihai Alisie. Then in 2012, the Bitcoin Magazine site was set up where all their articles can be readily accessible. Buterin remained within the magazine and rose up the ranks as a senior writer until 2014.

In the same year the Bitcoin Magazine’s site was launched, Buterin won the bronze medal at the International Olympiad Informatics where he competed against secondary school programmers.

Alongside contributing to the magazine, Buterin wrote and published the Ethereum white paper in 2013. A lot of people saw the opportunity to create secure and seamless cross-border transactions that by 2015, Buterin teamed up with various experts to make the Ethereum cryptocurrency.

 

Ethereum: A trusted and secure platform

Since it was first released in 2015, the decentralized open-source platform Ethereum has managed to solve various problems that central authorities (like banks) had for years. This includes transaction times, scalability, and fees.

Similar to other cryptocurrencies, Ethereum has its own blockchain called the Ethereum network. Its crypto token is called Ether (ETH) with a current market value of $2,650.59 per 1 ETH. As of writing, Ethereum has set itself to be the second most trusted cryptocurrency and network for all cryptocurrency transactions.

Not only that but the Ethereum network allows its users to create and run Decentralized Applications (dApps). This is a software similar to mobile or website apps you see online but more secure. Additionally, it does not require a comprehensive knowledge on programming for users to create dApps on the network so it’s easy and accessible by any user.

To ensure you make the right decisions to protect your digital assets when you trade and buy cryptocurrencies, you need to arm yourself with the latest crypto news and information. Learn about cryptocurrencies and do comprehensive research before diving into a new aspect of it that you’re not familiar with so you can secure your assets.

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