In 2016, Buterin told Wired that he initially dismissed the idea of bitcoin, but he eventually connected with it after a second look. Like many bitcoin evangelists, Buterin was intrigued by the concept of the decentralized payment system.
Wired reported that he then had a “more cartoonish mentality.”
Buterin is a Russian-Canadian programmer and writer who co-founded Bitcoin magazine and wrote articles for it since 2011. Ethereum is, in fact, his brainchild, which functions as a decentralized application system, or DApps using a blockchain.
Bitcoin (BTC) developer Vitalik Buterin traveled around the world for six months in 2013. By using the Bitcoin blockchain, he could build a new, better version of the application. Using a calculator analogy to illustrate his point, he connected Bitcoin with a smartphone. He described how a future blockchain would be a more general-purpose system that would enhance the strength of a blockchain. Cryptocurrencies like Bitcoin and Ether (ETH) are based on blockchain technology. Bitcoin is the world’s first cryptocurrency
Childhood of Vitalik Buterin
Born on Jan. 31, 1994, in Kolomna, Moscow Oblast, Russia, Vitalik was a student at Moscow State University. At age six, his parents migrated to Canada to find better employment opportunities.
Vitalik is an oddity to his peers and even his teachers because of his unique skills and talents. He was placed in a gifted program in Canada’s third grade. The boy had a natural aptitude for math and programming, an early interest in economics, and was twice as fast at adding three-digit numbers in his head as the average person of his age.
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Buterin’s life was lacking in social or extracurricular activities. Many people talked about him as if he was some kind of math genius, he recalls.
He attended the Abelard School, a private high school in Toronto, for four years. He changed his attitude toward education at the school, and both his performance and results significantly improved. The relentless thirst for knowledge that he developed within Abelard was essentially his life’s driving force.
The founder of Bitcoin, Vitalik Buterin, discovered Bitcoin in 2011 while seeking new directions to take in life. When he first saw it, he was dubious about its value since it had no physical backing. After learning more about it, he was enthralled by it.
While he wanted to be part of this new and experimental economy, he lacked the computing power required for mining or the funds to purchase Bitcoin. He then looked for Bitcoin work on various forums and eventually began writing articles for blogs, earning around five Bitcoin each.
Furthermore, he examined all the aspects of cryptocurrency that pertain to the economy, technology, and politics. Mihai Alisie, a Bitcoin enthusiast, based in Romania, was attracted to his articles, which led to the founding of Bitcoin Magazine in late 2011. In addition to writing and traveling, he worked on crypto for over 30 hours a day, thereby quitting university.
He viewed several crypto projects across the world and concluded they were too specific and not broad enough.
When Ethereum first hit the scene, and the focus was on digital currencies. In late 2013, Vitalik Buterin sent it to a few friends who were even more enthusiastic about it as part of his white paper. Due to this success, around thirty people reached out to Vitalik for more information. After some time, the team realized that it’s relatively easy to create distributed file storage using just a few lines of code, and concepts like name registries are also reasonably straightforward.
Vitalik Buterin, Mihai Alise, Anthony Di Iorio, Charles Hoskinson, Joe Lubin, and Gavin Wood are the team’s core members. On Wednesday, Buterin presented on stage at Miami’s Bitcoin conference. A few months later, the group decided to hold an initial coin offering (ICO) of Ether, the native token of the Ethereum network, to raise funds for the development. During this time, Vitalik himself received the Thiel Fellowship grant of $100,000.