When it comes to blockchain technology, Ethereum is considered to be the king. It is the second-largest cryptocurrency by market capitalization and has the largest developer ecosystem. However, does Ethereum have a tech royalty?
Ethereum was launched in 2015 by Vitalik Buterin, a Russian-Canadian programmer. He was just 19 years old at the time.
Since then, Ethereum has become the most popular platform for building decentralized applications (dApps). It is also used for initial coin offerings (ICOs).
There are two main reasons why Ethereum is so popular. First, it has a Turing-complete programming language which allows developers to build any kind of dApp they can imagine.
Second, Ethereum has a built-in decentralized virtual machine which can execute smart contracts.
Ethereum’s popularity has led to a vibrant and growing ecosystem of developers and projects. The Ethereum Foundation, a Swiss non-profit, supports and funds research and development on the Ethereum protocol.
In addition, there are many other organizations and projects working on Ethereum.
All of this activity has made Ethereum the most active blockchain community. According to State of the Dapps, there are over 2,000 dApps built on Ethereum with more than 4 million unique users.
That’s more than all other blockchains combined.
The popularity of Ethereum has also attracted some big names in the tech industry. Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, is one of the most well-known figures in the crypto space.
He is joined by others like Vitalik Buterin, Gavin Wood (co-founder of Ethereum), and Jeffrey Wilcke (former lead developer at Ethereum).
These individuals have become known as the “tech royalty” of Ethereum. They are highly respected for their contributions to the Ethereum ecosystem and are often consulted on important decisions.
For example, when Parity Technologies experienced a major security breach that resulted in loss of funds for users, Lubin and Buterin were among those who decided how to handle it.
The “tech royalty” of Ethereum are respected for their contributions to the ecosystem but they are not in charge of it. The decentralized nature of blockchain means that anyone can contribute to the development of Ethereum.
This open model is one of the key reasons why Ethereum has been so successful.
While it’s impossible to say definitively whether or not Ethereum has a tech royalty, it is clear that there are some very influential people in the space. These individuals have played an important role in making Ethereum what it is today: the largest and most active blockchain community with a vibrant ecosystem of developers and projects.