Vitalik Buterin is one of the best-known names in the world of cryptocurrency.
Vitalik Buterin is one of the best-known names in the world of cryptocurrency. Buterin is the creator of Ethereum, the second-most valuable cryptocurrency network behind Bitcoin in terms of market capitalization. He has been actively involved in the Bitcoin community as a writer and developer since 2011, and as co-founder of the popular Bitcoin Magazine (first issue in May 2012) along with Mihai Alisie. Vitalik Buterin first wrote about Ethereum in November 2013 and described it as “cryptocurrency 2.0″ – in short, since it presented the idea of using “the Bitcoin blockchain for more than just money”.
More on Vitalik Buterin
Vitalik Buterin was born in 1994 in Russia and moved to Canada at the age of 6. He discovered bitcoin in 2011 and started writing about it and eventually co-founded Bitcoin Magazine with Mihai Alisie. In 2012, he entered the University of Waterloo in Canada but as he got more and more absorbed in cryptocurrencies, he dropped out in 2013. He writes, “I went around the world, explored many crypto projects, and finally realized that they were all too concerned about specific applications and not being sufficiently general – hence the birth of Ethereum, which has been taking up my life ever since.”
During 2014, Ethereum’s pre-sale for ether received an overwhelming response. According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Vitalik is now primarily engaged with the creation of next-gen smart and decentralized application platform. He has co-authored the books, The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology (William Mougayar, Vitalik Buterin) and THE BITCOIN: How Bitcoin Overturning the Global Economic (Charlie Lee, Vitalik Buterin). His interests include math, algorithms, cryptography, mechanism design, economics, social science, politics, and rationalist philosophy.
7 Facts You Probably Didn’t Know About Vitalik Buterin
Vitalik Buterin, the brain behind the Ethereum project, is one of the most significant figures in today’s crypto ecosystem. His involvement in the Blockchain industry started in 2011. Since then, he has managed to assert himself as a force to be reckoned with in the cryptocurrency industry. In the following article, we will list seven things you probably didn’t know about this blockchain genius.
- He wrote the Ethereum whitepaper at the age of 19.
Vitalik was just 19 years old when he came up with the idea for a better version of Bitcoin. The most important modification was the fact that the new Ethereum blockchain could execute advanced scripts that are called smart contracts. The smart contracts can be executed using the Ethereum Virtual Machine (EVM), a runtime environment that can run Turing complete scripts on the top of the blockchain. This was a huge step which allowed the development of decentralized apps on the top of the Ethereum Blockchain.
- He learned about Bitcoin from his father, at the age of 17
His father, Dmitry Buterin, a serial entrepreneur was the one who introduced Bitcoin to Vitalik when he was 17. Although Vitalik didn’t bother exploring it until later.
- He was a child prodigy
When his parents moved from Russian to Canada Vitalik was enrolled in an elementary school in Canada. When he got to third grade, the school authorities decided to place him in a class for gifted children. From the time spent in the talented children class, Vitalik became drawn to economics, programming, and mathematics. It was also discovered that Vitalik could add up three-digit numbers in his head at twice the speed of his classmates.
- He is worth about $400-500 Million
Vitalik is estimated to be worth about $400-500 Million. This number is based on his stake in Ethereum (the number of ETH assigned to him during the initial stages of the project launch). He is also reported to have a sizeable amount of BTC in his possession.You
- Vitalik Buterin is also a brilliant writer
He is a prominent blockchain contributor. He started out writing for various Bitcoin-related forums until he was able to book a consistent writing gig with a blog. The blog owner agreed to pay him in Bitcoins amounting to 5BTC for every approved blog post he made. He later went on to co-found the Bitcoin Magazine, which is now a high-profile cryptocurrency magazine. Vitalik was also appointed as the head writer of the magazine while he was still there.
- He dropped out of university
In 2014, to enable him to receive the Thiel Fellowship grant which was worth $100,000, Vitalik dropped out of the University of Waterloo. At that time, the Ethereum project had already been announced, and an ETH crowd sale was underway.
- There was a rumor of his death
On June 25, 2017, news, originating from 4Chan, reported that Vitalik was involved in a car accident which claimed his life. The outbreak of this news led to a drop in the value of the ETH market cap to about $4billion.
To sum up, we must agree that Vitalik is not only unique and colorful character within the blockchain industry, but he has done a lot in his 24 years so far.