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Who Created Ethereum?

Published: 14/09/2018
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Up-to-date Blockchain and cryptocurrency news. Be the first to know!

What is it for?

Vitalik Buterin, a Canadian developer of Russian origin, is the mastermind and creator of the Ethereum platform. In 2011, he got interested in the crypto sphere and founded Bitcoin Magazine, a website where he published many thematic articles.

The interest in cryptocurrency motivated Buterin to create his own, fundamentally new platform that would change the Internet. In 2013, he published the first technical document describing Ethereum, a platform for decentralized apps. The Bitcoin network inspired the programmer, but over time, it became clear that the Ethereum platform offers much more opportunities.

 

Vitalik Buterin

Vitalik Buterin


In 2014, Buterin was awarded Peter Thiel Fellowship for his achievements and contribution to the development of the crypto sphere. This $100,000 grant, also known as 20 Under 20, is allocated to students under the age of 23 to develop their own businesses. At the time of receiving the award, Buterin was 20.

However, Vitalik Buterin is not the only name associated with Ethereum. The platform co-founders are:

 

  • Gavin Wood, who published so-called Yellow Paper, a document describing the features of the Ethereum Virtual Machine (EVM).

  • Joseph Lubin, an entrepreneur, co-founder of Ethereum and the ConsenSys software production studio.

 

In 2014, Buterin, Wood, Lubin and their team held a crowdsale of ethers, the internal currency of their platform. The startup managed to attract more than 18 million dollars, a record amount ever received for crowdfunding at that time. Today, the raised funds are in the hands of Ethereum Foundation and managed by a non-profit organization registered in Switzerland.

Short history of the Ethereum launching.

Short history of the Ethereum launching

 

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ETH Ethereum Vitalik Buterin
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