One of the most influential people in the crypto world is visiting Argentina. Vitaly Dmitriyevich Buterin is the real name of the most famous co-founder of the second largest cryptocurrency in the world, Ethereum, and his visit in Argentina is causing a stir not only on social media.
The co-founder of ETH, better known as “Vitalik ”Buterin, is a programmer and writer who was born on January 31, 1994, and is Russian-Canadian. Buterin was involved with cryptocurrencies since its inception.
In 2011, he co-founded Bitcoin Magazine, and in 2015, Buterin launched Ethereum with Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.
What is Ethereum
Sergio Turi, CEO of Investments in the World, told Infobae: “Ethereum is an open source platform, used to program smart contracts. The platform is decentralized unlike other blockchains. It is programmable, which means that developers can use it to create new types of decentralized applications. Now, put more easily and less technically, it is like a field (platform), where people (programmers) can build buildings (decentralized programs). ”
How Ethereum started
In November 2013, at the age of 19, Buterin wrote a whitepaper describing the “Ethereum” project. What he was looking for was to create a cryptocurrency that would solve the shortcomings of BTC. However, Buterin was a great gamer at the time. He created Ethereum after World of Warcraft developers weakened his character, which was very valuable to him.
According to his own about.me page, He played World of Warcraft from 2007 to 2010, but decided to quit after the game’s developer Blizzard weakened his “beloved sorcerer’s Siphon Life spell.”. “I cried myself to sleep,” he wrote, “and that day I realized the horrors that centralized services can bring.”
World of Warcraft was one of the games with the most active participants in history. It is based on a virtual universe, in which each player creates one or more characters, and uses them in an open world. Each character has a race, a class, and customization to suit the player. Then, you begin to level up, learn new skills, improve them, connect with other players, and challenge together.
“I traveled all over the world, explored many crypto projects and finally realized that they were too concerned with specific applications and not general enough, hence the birth of Ethereum, which has taken my life since then,” he wrote in his biography.
Yanina Orrego, CEO of Capital Ediciones, told Infobae: “Buterin is a person who has been involved in the world of technology for a long time. Not only cryptocurrencies, blockchain and these kinds of new technologies, but also games like World of Warcraft. Thanks to this, I develop Ethereum in such a way that it could adapt, and grow at the pace of the blockchain, without being left behind. “
Who did Buterin need in the beginning
Buterin was 21 when Ethereum launched in 2015. He needed the help of seven other founders, whom he compared to The Fellowship of the Ring from Tolkien’s The Lord of the Rings movie. They finally ended up dividing. Some of those early founders ended up creating their own cryptocurrencies, including Cardano, the seventh largest cryptocurrency, and Polkadot, the eleventh.
Anthony Di Iorio, one of Ethereum’s co-founders, said: “Ethereum was founded by Vitalik Buterin, myself, Charles Hoskinson, Mihai Alisie and Amir Chetrit (the initial 5) in December 2013. Joseph Lubin, Gavin Wood and Jeffrey Wilcke were added to early 2014 as founders ”.
Not all of these founders are still on Ethereum, like Buterin does. Mihai Alisi was vice president of the Ethereum Foundation until the end of 2015, when he turned his attention to Akasha. On the other hand, Di Lorio stopped focusing on Ethereum when the decision was made to turn it into a non-profit organization. At a co-founders meeting in June 2014, Chetrit was criticized by Ethereum developers and other co-founders for their lack of stake in Ethereum, so he decided to resign, albeit still a co-founder. Hoskinson was a great defender of Ethereum as a non-profit organization, but due to some unfortunate events he had to move away from the cryptocurrency. Gavin Wood, for his part, decided to pursue another competing cryptocurrency, Polkadot. Wilcke left the supervision of the project with a series of events, including the birth of his son. Joseph Lubin finally decided to dedicate himself to Consensys, a company related to the blockchain world, but outside of Ethereum.
What mistakes has Buterin made
In an AMA session (ask me anything), that is, a session in which he could be asked what he wanted through Twitter, one of his biggest mistakes was his choice of the 8 co-founders of the cryptocurrency. In response to a user who asked him what he regrets the most about his work with Ethereum, he replied, “The whole ‘8 co-founders’ thing (and picking them so quickly and without discrimination),” adding: “Coordinate the People in small groups was more difficult than I expected. You can’t just force everyone to sit in a circle, be nice and get along, especially when there is an obvious conflict of incentives. “
How is the story of the greatest co-founder of Ethereum
When he was in the third grade, at his elementary school in Canada, Buterin was inducted into a gifted program. Since he was a child, he showed great differences with the rest of his classmates. The beginning of what would later lead to the creation of Ethereum, a cryptocurrency with an innovative, revolutionary project and with a very forward-looking view.
He spent four years at Aberald School, a private high school in Toronto. To that period, the Ethereum co-founder describes as “the best and most productive years of his life.” After high school, Buterin studied at the University of Waterloo. There, he took advanced courses and was a research assistant to cryptographer Ian Goldberg, who co-created Messaging and was the former chairman of the Tor Project board. Then in 2012, he won a bronze medal at the International Olympiad for Informatics
What is the estimated fortune of Vitalik Buterin
ETH, the second most valuable token in the world, created by Buterin, cost around $ 0.7 per unit in 2015. Currently, each Ethereum costs $ 3,830, which represents an increase of 547 thousand percent in these 6 years. Being one of the creators, and unsurprisingly, Buterin owns a large amount of ETH. Thanks to this, the great influencer of the crypto world today has a fortune of 1.5 billion dollars. That is why his visit to Argentina has caused a stir in the networks, not only for his fortune, but for his great influence in the blockchain world.
About this, Marcos Emmi, CEO of Personal MicroFinance, told Infobae: “It is interesting that people from the crypto world come to speak with politicians, regardless of the party, because it is something favorable. If he can’t charge you taxes, he’s going to see it badly. I think it is good that these meetings are taking place, you have to see how they progress. Hopefully at some point in history, ETH will be legal tender in Argentina. But, in short, Buterin’s visit to Argentina is something positive, and that they take us into account for projects or events ”.
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Errors, hobbies and other little-known facets of the king of Ethereum, who captivated Buenos Aires since his arrival