The signs of his genius can be traced in the early beginnings of his life. The brain behind Ethereum and a child-prodigy is none other than Vitalik Buterin. He was born on January 31, 1994, in a town of Kolomna, Moscow Oblast, Russia. But then around the age of 6, he moved to Canada along with his family.
He realized his potential back when he was quite young. He began to see that he was gifted when it came to math and programming, possessed an early and strong interest in economics and could add three-digits number in his head twice as fast as an average human being of his age.
His special set of skills and above-average brain made him queasy as most of the times he just wanted to fit in with the crowd and not feel like a complete stranger. The struggles made him more closeted and he dived deep in the learning process and the internet where he forged most of his professional and personal relationships. Sounds a lot like a stereotypical nerd boy, amirite?
As he became increasingly distant from social interactions, he spent most of his time either on the internet or playing World of Warcraft. Which soon made him realize how centralized the whole system was and its negative effects. So much so that he decided to never play again.
The time his life took a turn was when he joined Aberald School – in stark contrast to Erik Finman’s life where he became a millionaire out of hate for the education system, Vitalik private high school impacted him the most and in a good way.
A Start of Something Manganous
Vitalik was introduced to Bitcoin from his father who himself is a computer engineer as well. He also sold his company to focus on blockchain technology. The decentralized aspect of the innovation is what attracted him the most and he started developing an interest.
The smart boy did have bad social skills but knew how to strike a deal. Though it wasn’t a lot back then; he had the foresight to see what was coming. He started working for Bitcoin and started writing articles for them, and asked them to pay him 5 Bitcoins per article. I guess I should strike a deal with my boss, too. *scheming hands*
So in late 2011, Vitalik started his Bitcoin Magazine with a novelist, Mihai Alisie. It was and still is the biggest online media outlet relating to cryptocurrencies. He began juggling his life between the university and a part-time editor and research assistant.
I don’t really understand why all smart people just choose to drop out and then end up becoming successful people. I don’t want this kind of motivation y’all!!
Anyway, Vitalik did just the same and began working with different cryptocurrencies to experience it all. Flying all over the world and feeling greatly inspired.
While he was in Israel, he met two people who were trying to achieve something similar but the difference was that they were trying to build it on Bitcoin, but Vitalik was thinking ahead. He decided to create a new currency whose purpose would be to promote development platforms for cryptocurrencies, smart contracts, and tokens.
Facing rejection from his first pitch to two Israeli companies; he decided to take matters in his own hands and thus Ethereum was born.
Say hello to Ethereum!
By the end of 2013, Vitalik published a white paper explaining the premise of Ethereum. After this idea gained momentum, he and his team shifted to Zug in Switzerland, which later came to be known as Crypto Valley.
In 2014, Ethereum raised approximately 31,000 Bitcoins during its ICO and at that time it was equivalent to 18.3 million USD. This made it the third biggest ICO raise worldwide.
A learning process
Now the struggling years had begun as the team strived to build the first prototype. After much effort, the last prototype named Olympic won and is technologically the closest to what we today know as Ethereum.
Vitalik played it smart and instead of delaying the launch because it had numerous bugs, he decided to go ahead and announced that he would reward one Ether or more if they could identify the bug.
On July 30, 2015 – Ethereum officially launched. And then again in 2016 – March 14, 2016 – Ethereum released an update which was later considered its official launch.
Ethereum – now.
Ethereum is the second largest cryptocurrency in the present time. It is being used by thousands of applications, both developers and companies around the world.
Vitalik surely gifted us with something that still hasn’t reached its full potential. Thanks to his outstanding intelligence and his beliefs in cryptocurrency, the playing field has changed.