Who Created Ethereum?

Who created Ethereum?

Ethereum is being touted as the world computer, the platform for the web 3.0 and is shaping up to be the foundation of decentralized finance (DeFi).

It is already the most built on blockchain with the biggest developer community, but who created Ethereum?

Who Created Ethereum?

While working on several Bitcoin projects and frustrated by the shortcomings of the leading cryptocurrency, then 19 year-old Russian-Canadian, Vitalik Buterin, dreamed up the idea of Ethereum.

Buterin’s aim was for a decentralized platform that allows developers to build blockchain applications (dApps) without the need for creating it from scratch. A bit like the App Store, but decentralized and much more expansive.

Buterin believed that for all Bitcoin had become and its obvious potential going forward, it was too limited. He wanted a platform that wasn’t limited to financial applications, and so he set out to build the platform for the web 3.0.

Vatilik Buterin Created Ethereum

Who is Vitalik Buterin?

Vitaly Dmitriyevich “Vitalik” Buterin was born January 31, 1994 in Kolomna, which is about 115km south of Moscow. He spent his first six years there, before his parents emigrated to Toronto, Canada.

Vitalik first learned about Bitcoin from his father, when he was 17, and began working on Bitcoin projects. In 2011, he co-founded the Bitcoin Magazine and wrote many articles on the future of digital currencies.

He also worked on Mastercoin and some other altcoins, which were all based on the Bitcoin codebase. It was during this period he realized Bitcoin’s limitations and began to seriously put the idea of Ethereum together.

When he was 19, Buterin went travelling around the world to make connections and discuss the proposal for what would become Ethereum.

When he returned, he wrote the Ethereum whitepaper and after receiving the $100,000 Thiel Fellowship award, he quit university and began work on Ethereum full-time.

What is Ethereum?

Vitalik Buterin published the Ethereum white paper in 2013, which proposed a new open-source protocol for creating decentralized applications (dApps).

Ethereum

Ethereum was officially announced on the Bitcointalk forum in 2014, and a year later, aged just 21, Buterin and his team released Ethereum.

Ethereum is a decentralized blockchain that offers the foundation for dApps. It is built using its own programming language, Solidity, but because the Ethereum Vitrtual Machine (EVM) programmers can build a dApp using any programming language.

The dApps being built on Ethereum are computer coded smart contracts, and although it’s early days in the development of the Ethereum eco-system, dApps from games to DAOs to decentralized finance applications are hosted on Ethereum.

Who Else Created Ethereum?

Although Vitalik Buterin is the brainchild behind Ethereum, he did not build it all alone. As stated, he went travelling around the world, meeting up with people and forming partnerships. Some of which were to help him with his vision of creating Ethereum.

Joseph Lubin

Joseph Lubin played a major role in the early days of Ethereum, and although he is still connected with Ethereum, he has since formed ConsenSys – a venture production studio and blockchain software development consultancy, which focuses on enterprise solutions and developer tools for dApps primarily on Ethereum.

Mihai Alisie, Anthony Di Iorio, Cardano co-founder Charles Hoskinson, Dr. Gavin Wood, and ConsenSys’ Jospeh Lubin were all co-founders and helped with the creation of Ethereum.

Mihai Alisie co-founded The Bitcoin Magazine with Vitalik Buterin and worked on Ethereum for the first few years, overseeing the business infrastructure and legal framework, while based in Switzerland. He is now working on the AKASHA Foundation.

Anthony Di Iorio first met Vitalik at Di Iorio’s Bitcoin meet-up in Toronto. They both became friends and associates, and Di Iorio went on to found Ethereum with him.

In 2014, Di Iorio founded Decentral – a Canadian ‘innovation hub for disruptive and decentralized technologies.’ Since launching the company has been a hive of innovation nad has overseen projects such as Ethereum, and Jaxx Liberty wallet.

Although Charles Hoskinson is one of the co-founders of Ethereum, he left before it officially launched.

Charles Hoskinson IOHK ADA

Hoskinson and Buterin had disagreements on the vision of Ethereum. Hoskinson wanted to accept venture capital and take Ethereum towards being a for-profit entity, whereas Buterin wanted to keep Ethereum a non-profit organization with an open-source, decentralized governance.

It was a heated and on-going battle, and one which saw Hoskinson leave Ethereum in June 2014. He then founded IOHK with former Ethereum partner Jeremy Wood, and has since seen them build Cardano (ADA).

Dr. Gavin Wood is credited with coming up with the concept of the web 3.0. Wood also created the Solidity programming language, and wrote and published the Ethereum Yellow Paper, which introduced the Ethereum Virtual Machine (EVM).

He served as the Ethereum Foundation’s first CTO, before leaving and launching Parity Technologies which develops infrastructure for Ethereum, Bitcoin, Zcash, and Polkadot – a protocol he also co-founded.

Ledger Nano X - The secure hardware wallet

Conclusion

Ethereum isn’t just another blockchain. And although it doesn’t have the brand, or the network effect of Bitcoin yet, its eco-system is growing at an unbelievable rate.

Envisioned by a young, awkward kid, and brought forward with the help of some other like-minded geniuses, Ethereum is now the second biggest cryptocurrency by market cap, and the blockchain with the most development by far.

And although the people mentioned created Ethereum, going forward it’s the network of users and developers that will create Ethereum’s future.

Author: Tommy Limpitlaw

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When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out, the core Ethereum idea was good - fundamentally, completely sound