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Who is Vitalik Buterin? In the crypto industry, besides names that “everyone knows” like Satoshi Nakamoto, Changpeng Zhao, Justin Sun, .. it is flawed without mentioning Vitalik Buterin.
Surely, everyone knows that Vitalik is one of the “fathers” of ETH. However, it can be said that he is the “soul” of the project and an extremely important “piece” in the journey to bring the ecosystem. Ethereum growing stronger day by day.
In the writing, CHK will introduce in more detail about this “young boy who does not wait for age”.
Vitalik’s childhood years
Vitalik Buterin was born on a spring day in 1994, in the ancient city of Kolomna in the Russian Federation. At the age of 5, Vitalik’s parents decided to move to Canada to get better job opportunities.
According to Vitalik’s father, Dmitry Buterin, starting at the age of 4, his son just likes to play with Excel spreadsheets instead of watching cartoons like other kids.
Perhaps his passion for computation and massive computers is what young Vitalik inherited from his father, an expert in Computer Science.
The boy’s genius qualities were revealed from there. By the age of 7, Vitalik Buterin was able to completely build his own world with rabbits “ruled” by complex code formulas.
By the age of 10, he was able to write the C ++ programming language, a form of knowledge that can be difficult even for adults but is nothing for this genius kid.
In the first years of elementary school, the teacher discovered that he calculates twice as fast as other children, so he quickly gets placed in gifted classes.
At the age of high school, he was sent to the prestigious Abelard School in Toronto, where he helped Vitalik develop his genius qualities.
The first idea was borne by the game World of Warcraft
But not just being a genius means studying hard. So did Vitalik. At the age of 13, like many other teenagers, he began to “engross” in playing online games instead of spending time studying.
During this time, he was all devoted to World of Warcraft with the character Warlock.
But his joy crumbled when the game publisher Blizzard released an updated version, causing some Warlock features to change in 2010.
Later, Vitalik Buterin said that he almost cried all night because of the event and decided to give up Wacraf.
However, thanks to that, Vitalik realized that all powers are concentrated in one entity, which is really bad.
It can be said that this thinking is the first foundation for his future direction: creating a decentralized, decentralized world.
First time hearing about Bitcoin
If asked who brought Vitalik Buterin to the virtual currency world, it was his father. However, when first heard about Bitcoin in 2010 from his father, he was not attracted and assumed that this property will surely fail because of no intrinsic value.
But there is a saying like this: “When you hear a lot of people talking about one thing, try to understand them.” So did Vitalik. He became more interested after hearing about cryptocurrencies a few times later.
Besides, the pain of the Warcraff game was still imprinted in his mind so the decentralized, uncontrollable nature of Bitcoin attracted him once again.
Around this time, Vitalik started participating in Bitcoin related forums. As he delved deeper, he realized that the technology behind virtual currency is the “thing” that offers limitless potential.
Toddler steps into the industry
To officially participate in this new economy, Vitalik Buterin wants to own some tokens. However, at that time, he did not have enough money to buy Bitcoin and could not afford a miner.
So the young man decided to earn coins by writing articles for the forums. This work earned him about 5 BTC per article.
Thanks to his professional writing style and good knowledge base, his writings have attracted Mihai Alisie – a character who is passionate about Bitcoin from Romania. After conversations, the two joined hands to create Bitcoin Magazine (Bitcoin Magazine) in late 2011.
Besides being the editor of Bitcoin Magazine, Vitalik also works as an assistant to the cryptographer Ian Goldberg. In May 2013, as a representative for Bitcoin Magazine, he participated in a Bitcoin related conference held in California.
Seeing the influx of people flocking to the conference with the same idea that money and data can be drastically decentralized made a strong impression, and motivated the young man to move further in the industry.
That moment truly unites us. They really convinced me, “This is real and worth the risk for me to venture in.”
Thanks to that trip, he realized that this community is really thriving and gathered a lot of genius minds. And just a few weeks later, Vitalik decided to stop studying at the University of Waterloo to focus on his career.
This is perhaps an interesting similarity between Vitalik and other big names; like Steve Job of Apple, Bill Gate of Microsoft, or Mark Zuckerberg of Facebook … – Drop out of school to succeed.
Direction takes shape
After making the daring decision above, Vitalik Buterin used all of the Bitcoin he earned over the past time to travel around the world to want to meet and talk to people who share ideas.
With his journey across the continents, he realized that people are still focused on improving and promoting Bitcoin with the sole purpose of being money.
Until coming to Israel, contacted two projects named “CovertCoins” and “MasterCoin”. These two projects are exploring the use of Blockchain for many other applications such as issuing additional tokens, allowing users to use financial contracts, … Although all are still running on the Bitcoin Blockchain platform, he has come up. new idea.
Realizing that programming language is one of the major hurdles for Bitcoin, Vitalik came up with the idea of replacing the current language with Turing-complete. This is a more perfect language. What allows computers to solve any particular problem with the right algorithms, the amount of time and memory required.
Initially, he wanted to apply this idea on existing projects but was not well received. People think this is a great idea but too great; and this is not the time to do that.
That is why Ethereum was born.
The Ethereum project was born
After not getting well received, Vitalik Buterin decided to create a completely new blockchain to implement his idea, instead of using Bitcoin’s blockchain.
Not long after that, around November 2013, the whitepaper of Ethreum was born. The young man sent this whitepaper to some of his friends with that in mind:
When I wrote about Ethereum, my first thought was that they were too perfect to be true. And there will be five professional cryptographers venting their anger on me and saying that I’m stupid for not seeing the obvious flaws in here.
But that never happened, without any criticism or correction as Vitalik thought. Instead, just two weeks later, about 30 people turned to Vitalik to discuss the concept.
Some of them are big names like:
- Anthony Di Iorio: Early investor in Bitcoin, co-founder of Ethereum project later
- Gavin Wood: A programmer who invented Solidity; co-founded the later Ethereum project
- Charles Hoskinson: Co-founder of the Ethereum project and will continue to create Cardano in the future
The number of members in this small group surged after the 2014 Miami Bitcoin conference, where Buterin first revealed the Ethereum project to the public. The talented young man’s speech received a standing ovation here. Hundreds of investors and enthusiasts lined up to talk to him.
Next step on the strong response from the public. A few months later, Vitalik Buterin decided to organize one ICO for ETH to finance the development. Around the same time, he received a grant from the Thiel Fellowship worth $ 100,000
Having raised 31,000 BTC (~ $ 18 million at the time) from the community, the Ethereum Foundation was established in Switzerland with the mission of overseeing the development of Ethereum open source software.
On July 30, 2015, the first public version of Ethereum called ‘Frontier’ was released, but this is only a beta. Once both the developer and the auditor confirmed everything was stable, the platform was migrated to a ‘Homestead’ version.
On March 14, 2016, the Ethereum network released the first official version; Creates the next generation of Blockchain, gives more freedom for developers and is easier to use.
The famous DAO attack
By 2016, the Ethereum ecosystem has truly grown and become the most popular blockchain platform for autonomous organizations (DAOs), decentralized applications (DApps) and ICO.
But any success is built on waves and sometimes fail. So is Etherem. The wind wave started when the DAO was attacked. Even more surprising was that the hacker himself said he was simply taking advantage of a technical vulnerability in The DAO to do this.
The climax of the incident was when someone withdrew $ 50 million in ETH from the DAO; causing the price of ETH to plunge without braking, down from $ 200 to $ 13.
The development team managed to stop withdrawals and turn them into one smart contract other, but this is only a temporary solution. Due to the way the DAO code is written, a hacker is still able to issue a reverse claim.
Because for the definitive settlement, the hard fork was the only solution at the time. And that is the reason Ethereum Classic born. To reassure his community at that hot moment, Vitalik Buterin declared that for him, ETH is unique.
Vitalik’s death and his important influence
On June 25, 2017, a short news report appeared on 4Chan stating that Vitalik Buterin had died in a car accident. Immediately, this newsletter was reposted by major sites and created a huge wave of FUDs; causing ETH to fly close to 4 billion market cap in a short time.
Under the heavy influence of the hoax and to speak up for confirmation, Vitalik tweeted his picture with the latest Ethereum block number.
Another day, another blockchain use case. pic.twitter.com/OyHzdhEeGR
– vitalik.eth (@VitalikButerin) June 26, 2017
Ethereum capitalization has recovered almost immediately after. But through this incident, we can see how strong the young man’s influence on the Ethereum ecosystem is.
Through this post, everyone already knows about the life of the most influential person with Ethereum as well as the journey to create ETH, right!
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