In 2013, Vitalik Buterin abandoned his studies and founded Ethereum, a cryptocurrency. After the coin’s value soared, making it a rival to Bitcoin, he was recently dubbed the world’s youngest crypto billionaire at the age of 27.
Ethereum is a technology that allows payments to be sent anonymously through a decentralized payment network. After Bitcoin, Ethereum is the second most common digital currency.
After dropping out of college, Buterin co-founded Ethereum in 2015. His cryptocurrency’s mass appeal could be due to its shorter transaction times than Bitcoin. Buterin owns 333,000 Ether coins, worth $1.029 billion (£742 million) at the time of writing.
Buterin, who is 27 years old, is one of the creators of Ethereum, the second-largest cryptocurrency after Bitcoin. Ethereum has gained a lot of traction as a result of its much quicker transaction times as compared to Bitcoin. He is one of the eight people behind the cryptocurrency, which has a market capitalization of about $350 billion, making it larger than Bank of America.
The young programmer began his journey when he got his first computer, and instead of playing video games, he became fascinated with Microsoft Excel spreadsheets and became a math prodigy. Buterin, according to his former colleagues, could mentally add three digits twice as easily as the average person.
The first Ethereum network was crowdfunded in 2014 and launched in 2016, with a supply of 72 million Ether coins. Ethereum, like Bitcoin, has its blockchain for transferring information and value.
Buterin envisions a payment network based on Ethereum that enables anonymous payments to be sent across the internet without the need for a bank. This is most likely the sole reason why government officials are wary of such payment methods. The European Investment Bank plans to launch a digital bond on the Ethereum blockchain, which many see as the next big thing.
In 2013, he dropped out of Waterloo University to explore the world and meet other crypto enthusiasts.
His software-savvy father, on the other hand, was the one who first introduced him to Bitcoin in 2011. The first Ethereum network was crowd-funded in 2014 and launched in 2016. Buterin’s goal is to allow people to make anonymous online payments without the involvement of a bank.
When asked about the dangers of longevity, Buterin said that other types of human enhancement seemed to be more dangerous. “One risk is that some people are much stronger and smarter than others,” he said. “And not being elitist, making sure that any improvements we come up with are genuinely open to everyone.”
Reported by: Ehtisham
Written by: Muhammad Abdullah