“Crypto Android” – It is with these words that he then describes the young Vitalik Buterin his future invention in draft form, Ethereum. He presents his project in a message posted on the famous forum Bitcoin TalkJanuary 23, 2014. An opportunity for a small leap in time in an era where even Bitcoin is still a voice of the network.
Vitalik Buterin at the dawn of a great revolution
Vitalik Buterin, then still a teenager, got involved in the Bitcoin (BTC) community at an early age. Originally prompted by his father, he fell in love with this new money UFO- as we tell you in his Crypto-Portrait – to the point of traveling the whole world from forum to forum to meet the community of developers and onlookers attracted, like him, by this digital gold. Discovering some limitations of the Bitcoin protocol, he will limit himself to presenting a new idea through a message with an evocative title posted on the discussion site dedicated to Bitcoin, BitcoinTalk: “Welcome to a New Beginning”.
Warning ! The limitations inherent in Bitcoin have been carefully chosen and are intentional. They are related to the function Bitcoin wishes to embody and the immutability it advocates. This does not prevent the blockchain from offering a whole host of other possibilities, especially through the smart contracts (smart contracts in English) and their programmability. A totally new source of creativity that Vitalik Buterin was eager to explore.
>> Prefer to keep your cryptocurrencies safe? Choose a Ledger Wallet (trade link) <
Ethereum to complete Satoshi’s idea?
In his opinion, Satoshi Nakamotoin creating Bitcoin, he wanted to test two main ideas:
- A decentralized databasesecure, operating without a trusted third party;
- One robust transaction system able to transfer value all over the world without intermediary.
But, for Vitalik, he lack a third feature that Bitcoin unsuccessfully attempted to achieve in its early years: create a powerful Turing-complete programming language. Clearly, Bitcoin is not, according to Vitalik, an easily programmable blockchain that you can simply build upon any type of application. However, these applications lead to use cases. And use cases lead to democratization. Domain names, digital identities, specific cryptocurrencies… All these features that Vitalik envisages are very laborious to implement on the Bitcoin network.
Ethereum: Dedicated support for blockchain applications
If only there was another blockchain with a simple and adapted programming language to the creation of all these applications and protocols in the making… A platform for decentralized applications. In short, an android of the crypto world: Ethereum.
This android is before our eyes today thanks to the involvement of countless developers. They were far fewer at the genesis than he was. Vitalik Buterin, of course. Gavino Wood as a C++ developer. He will later find the blockchain Polka dot first step down in October 2022 from the role of chief executive officer. Jeffrey Wilcke as a Go developer. Nope! It is not a chess-like game, but a programming language developed by Google. In the starting team we also find:
- Antonio DiIoriofounder of the Bitcoin Alliance in Canada;
- Mihai Alisiefounder of Bitcoin Magazine;
- Joseph LubinQuant developer and analyst;
- Stephen Tualfounder of Ursium.
A great adventure: for sure, Ethereum it was and still is. After successfully changing its consensus in September 2022, the blockchain is taking a confident step towards his next step, Shanghai, which will most likely take place next March. So hold on to your ETH! Vitalik’s creation promises to show us all the colors in the years to come.
In cryptocurrency, do not save on prudence! So, to keep your crypto assets safe, your best bet is still a personal hardware wallet.To the ledger, there is something for all profiles and all cryptocurrencies. Don’t wait to secure your capital (trade link)!