Vitaly Dmitrievich Buterin is a Canadian programmer, best known as one of the co-founders of Ethereum. Mr Buterin got involved with crypto early in its inception, co-founding Bitcoin Magazine in 2011. In 2014, Buterin launched Ethereum with Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. Contents:
Brief biography of Vitalik Buteri
Vitalik was born in Russia on January 31, 1994 and has dual citizenship, Russian and Canadian. Vitalik has always had a passion for math and programming, having been recognized as a gifted child when he was young. He became interested in bitcoin in 2011, a little later he began to realize the true potential of the technology before him. At this time, Vitalik wanted to buy bitcoin, but he did not have the money to buy it, and no way to get it was there. So, he took a job, writing blog posts, earning 5 bitcoins for each post. Then, Vitalik co-founded Bitcoin magazine in late 2011. Bitcoin Magazine later began publishing a print edition in 2012 and has been hailed as the first serious publication, dedicated to cryptocurrencies. While working at Bitcoin magazine, Buterin approached Jed McCaleb for a job at Ripple, who accepted. In addition, in 2016, he served on the editorial board of Ledger, a peer-reviewed academic journal that publishes full-length original research articles on cryptocurrencies and blockchain technology.
Creation of Ethereum
At the end of 2013, Vitalik Buterin described his idea in a White paper, which he sent to several of his friends, who shared it even more. As a result, about 30 people approached Vitalik to discuss the concept. Initially, the idea of Ethereum was still in the digital exchange. Over time, the vision changed, and by the end of January 2014, the team realized that it was relatively easy to create a decentralized file repository, and concepts such as a name registry could be brought to life with just a few lines of code. The project was publicly announced in January 2014 and the core team included Vitalik Buterin, Mihai Alice, Anthony Di Iorio, Charles Hoskinson, Joe Lubin and Gavin Wood. Buterin also introduced Ethereum on stage at the Miami Bitcoin Conference. A few months later, the team decided to launch an initial coin offering (ICO) for Ether, the native token of the Ethereum network, to fund development. Around the same time, Vitalik himself received a $100,000 Thiel Fellowship grant. The team raised over 31k BTC from the ETH sale, about $18 million at the time. The Ethereum team founded the Ethereum Foundation, a non-profit organization, based in Switzerland, tasked with overseeing the development of open source Ethereum software. Despite some turbulence, the Ethereum crowdfunding campaign has been successful. In general, Ethereum code must adhere to several principles, including simplicity, universality, modularity, flexibility, non-discrimination and non-censorship.
Future plans
Buterin expects Ethereum to "rule the Metaverse" in ten years. The Metaverse - the idea of a vast virtual world, where people can interact with each other and with digital objects as avatars. Overall, he believes that the Ethereum Name Service (ENS) ecosystem provides a web 3.0 username for all your bitcoin addresses and decentralized websites, and the concept of users and elements, having cross-platform identities, is an obvious application that people don't understand, but ENS offers these solutions. Buterin is most intrigued by zk-SNARKS, a cryptographic proof that allows one party to establish that they have specific information without revealing it. This essentially eliminates the need for interaction between the prover and the verifiers. He also believes that zk-SNARKs will be the most widely deployed privacy technology in the next 30 years. Buterin believes it will be a "big revolution" as it spreads over the next 10 to 20 year.
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