Assets, Ethereum

Who Is the Founder of Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

In 2014, a 19-year-old Vitalik Buterin proposed the development of Ethereum in a white paper. He was inspired by Bitcoin, but he thought that its application was limited to only financial transactions.

NOTE: WARNING: Ethereum is an open source platform and its founder is unknown. Any information that you find online claiming to identify the founder of Ethereum should be treated with caution and verified before considering it reliable.

Buterin believed that blockchain technology could be used for much more than financial transactions and set out to create a platform that would be capable of running decentralized applications.

Ethereum launched in 2015 with its own cryptocurrency, ether. Ether is used to pay for transaction fees and computational services on the Ethereum network.

Buterin remains an active leader in the Ethereum community and is still heavily involved in the development of the platform. He is also a co-founder of the Bitcoin Magazine.

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