Vitalik Buterin: The Man Behind Ethereum

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TechSpace - The co-founder and writer of Bitcoin magazine, Vitalik Buterin, is a Russian-Canadian who has been active in the Bitcoin movement since 2011. His main claim to fame is that he founded the blockchain platform Ethereum, which serves as a kind of global computer for decentralized applications, or DApps. Russian-Canadian Buterin, who was up in a tiny village close to Moscow, is a cryptocurrency expert and has been involved with Bitcoin since its inception. His current estimated net worth is $1 billion or more.

He was listed among the world's most influential individuals by Bloomberg in 2017. Forbes listed him among the thirty most promising young entrepreneurs under 30 years old and the forty most significant executives under 40 (by Fortune). With a fortune of $400–500 million, he was listed 17th (out of 19) in the first-ever Forbes list of the wealthiest people who became rich in the crypto business in 2018. He also won the World Technology Award 2014 in the IT-Software category. 

Buterin's Childhood

Vitalik was born on Jan. 31, 1994, in Kolomna, Moscow Oblast, Russia. At the time, his mother, Natalia, and his father, Dmitry, were enrolled in a computer science program at a university in the city's capital. Dmitry and Natalia raised their son with assistance from their grandparents. At 4, little Vitalik's father gave him his first computer. His favorite toy became the computer. Remarkably, he found creating Excel macros to be the most engaging activity, not playing video games. 

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In 2000, their family emigrated to Toronto to search for better employment opportunities. He was enrolled in a program in the third grade at a Canadian elementary school. Vitalik immediately understood that his unique abilities and skills made him somewhat of an outcast among his friends and even teachers while in the program. He had a natural aptitude for math and programming, showed early and intense interest in economics, and could mentally add three-digit figures twice as quickly as the average child his age.

Buterin avoided social events and extracurricular activities. He recalls that many people treated him like he was some math prodigy. After that, he attended the Abelard School, a private high school in Toronto, for four years. Aside from his studies, he joyfully played World of Warcraft (WoW) from 2007 to 2010. But at some night, he cried himself to sleep since Blizzard had decided to take away the damaging element from his favorite warlock's Siphon Life skill. After realizing how awful centralized services could be, Vitalik chose to stop playing World of Warcraft.

The Birth of Ethereum

His interest in cryptocurrencies was stoked by this encounter and subsequent study, which prompted him to start writing for a Bitcoin blog in exchange for tokens and eventually launch Bitcoin Magazine. Following his passion, Buterin enrolled in the University of Waterloo's computer science program. However, like many other tech millionaire dropouts, he left after his first semester to devote himself entirely to creating Ethereum. Ethereum is open access to digital money and data-friendly services for everyone.

Picture: Ethereum

He presented Ethereum to the general audience in 2014 at the Miami North American Bitcoin Conference. Buterin introduced his platform in July 2015. In particular, programmers Gavin Wood, Michael Alicy, Anthony Di Iorio, Charles Hoskinson, and Joe Lubin were a part of the Ethereum platform development team. With an ambitious goal to fundamentally restructure the web, he sought to develop a new, enhanced version of Bitcoin that permitted greater scalability and applications. And despite the criticism from a group of coders, he succeeded in creating the now $250 billion Bitcoin competitor currency at the age of 21. Ethereum is currently the base for many cryptocurrency initiatives, including the expanding NFT market.


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