Ethereum is the most popular crypto asset after Bitcoin. Did you know the creator is Vitalik Buterin, a boy who is a genius?
Ethereum Foundation is the largest crypto asset company. Well-known Ethereum products are the crypto asset Ether (ETH) and the ERC20 network. The network is home to the Decentralized Finance (DeFi) platform.
The ERC20 network is the most widely used. Among them are Uniswap, Chainlink, and the DeFi platform from Indonesia, Tadpole Finance.
The end of 2020 is an important history for Ethereum, blockchain, crypto assets and even important history for the financial industry. The reason is, Ethereum has started to gradually evolve into Ethereum 2.0.
Ethereum expands the ERC20 network. So, later there will be no more bugs and expensive gas fees. Apart from that, Ether is also no longer mined. But obtained by staking. Because Ethereum 2.0 changes a proof of work (PoW) scheme to a proof of stake (PoS).
Ethereum is a very successful company. He was created by Vitalik Buterin, a 19 year old boy. Here’s a story about Vitalik Buterin.
Getting to Know Bitcoin at 17
Vitalik Buterin is just an ordinary child. He grew up in Toronto, Canada. Previously, he had grown up in Russia and was born in that country.
Vitalik Buterin is a teenager who spends his time playing games. One day, he was told by his father about Bitcoin. At that time, Bitcoin was the only crypto.
Buterin is interested in hearing the story of his father, Dmitry Buterin, about Bitcoin and believes that one day Bitcoin will become a new means of payment. In fact, to be the best investment.
Buterin then published the magazine Bitcoin Magazine in 2013. At that time, he was still young, 17 years old. He met many people who believed in Bitcoin at that time.
Creating Ethereum at 19
In 2013, or at the age of 19, Buterin created Bitcoin 2.0 or Ethereum.
He created the Ethereum Foundation as a platform for other people to create crypto assets under Ethereum.
To date, Ethereum is the company that houses the most crypto assets in it. Like the ERC20 network which oversees many DeFi platforms.
Dropping Out of College, Developing Ethereum
When he was 18 years old, Buterin attended the University of Waterloo. Unfortunately, he did not continue his studies, even though he had many achievements.
According to him, education level is just a formality. The programmer wanted to do more than just memorize and understand lessons in formal education.
Vitalik’s Ethereum has attracted the attention of technology giants like Intel and Microsoft.
Apart from technology companies, it turns out that financial services companies JPMorgan Chase & Co, Credit Suisse, Mastercard, and Thomson Reuters Corps are also joining forces to develop Ethereum’s security, privacy and scalability.
The association calls itself the Enteprise Ethereum Alliance and already has more than 100 companies as members.
Many of the companies that joined were part of Fortune 500 companies. Educational institutions such as the Singapore University of Social Sciences were also members.
The Richest Crypto Asset Developer
Ethereum Foundation is the most successful company in the field of crypto assets and blockchain. How rich do you think the child who was born on January 31, 1994?
Yes. Buterin is the most successful person on the blockchain. In fact, his name is also on the Forbes 30 list as the richest people in technology. He is also listed as one of the youngest.
In 2018, Buterin’s wealth was recorded at US $ 500 million or around Rp. 6.8 trillion.
Buterin is believed to not stop innovating. Given that he is currently still 26 years old, he will create a lot more developing blockchain and of course Ethereum.
The year 2020, is not only history for Bitcoin that touched its highest number, but also history for Ethereum.
At that time, Ethereum had started to evolve into Ethereum 2.0. This is a new history for the development of DeFi, crypto assets, blockchain and even the world of finance.