Vitalik Buterin

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Vitalik Buterin

Co-founder of blockchain Ethereum platform. For this idea he in 2014 won the World Technology Award and went around Mark Zuckerberg. His goal is to rid the Internet from the control of the centralized forces acting in their own interests. Acne Buterin holds a position in the first peer-reviewed journal Ledger devoted to cryptocurrencies, and before that he was editor and co-founder of a large edition of Bitcoin Magazine.

 

What’s the idea Vitalik Buterin?

Smart contracts are present in Bitcoin, but the Creator of the cryptocurrency specifically limited their capabilities using a simple programming language Script, which is enough only to solve the most primitive problems. This was done to prevent users from abusing network resources and not mainily billions of bitcoins. But limiting user, the Creator of Bitcoin is automatically restricted and developers: they became closely in the framework of the existing functionality.

Empowerment on an old platform is pretty time consuming, so Buterin decided to develop a fundamentally new approach. He proposed to limit the users with “fuel” or “ether”. It is a cryptocurrency Ethereum, but it is positioned not as an alternative Vietnam money, and as a way of accounting for use of resources. The more complex the commands you want to perform, the more “esters” you will have to pay. It restricts malicious users.

How did you get the idea

Acne Buterin was born in 1993 in Kolomna. His parents moved to Toronto in 1999, shortly before his sixth birthday. By the time he began to use the computer: favorite game four boys were Excel-table. His father, the programmer Dmitry Buterin, recalls how his son had written a complicated document entitled “encyclopedia of rabbits” at the age of seven years.

“He invented a universe inhabited by rabbits, which was governed by very strict formulae”, – says Dmitry. “Everything was filled with math, charts and calculations.”

In 2011, acne Buterin interested in bitcoin. At first he was skeptical, but over time became more and more involved. He began to write for a blog called “Bitcoin Weekly” for $1.5 per hour, and soon founded his own edition of Bitcoin Magazine. In high school he took third place in the competition in robotics, where homemade robots had to fight each other. As he said himself, his strategy was the following: “I gave each agent a utility function and allowed them to operate independently to maximize their own goals.” This became the principle of his life.

Vitalik went to the University of Waterloo in 2012, but already in the first year of study he realized that the blockchain projects occupy most of his time. The young man told the father that she wants to quit school to travel the world and learn about bitcoin as much as possible. Dmitry gave the nod – and in 2013 Buterin went to Israel, then to Amsterdam and San Francisco. Participating in various projects related to the blockchain, it is understood that the developers are too focused on specific applications, while the industry lacks a common global project. Thus was born the Ethereum.

 

Assistance in the development

 

His colleagues at the magazine and blockchain projects. In November 2013 Vitalik Buterin has prepared a draft of Ethereum and a few weeks later he plucked up the team. It consisted of one of the founders of Bitcoin Magazine, Mihai Alise, entrepreneur Anthony di Iorio, who sold the estate to buy bitcoin Amir of Chitrita, which Buterin worked in Israel on a project ColoredCoins, and Charles Hoskinson, American mathematician who was the initiator of introduction of cryptocurrencies into the mainstream.

The main part of the code Buterin helped write British programmer Gavin wood. He prepared the so-called “technical Bible”, which describes the specification of the Ethereum virtual machine (EVM) as smart contracts and track the status of purses. Co-founder Joseph Lubin continued to work on based in Brooklyn the company ConsenSys, which focuses on the creation of decentralized applications. In July 2014 Buterin and the other founders launched the ICO, where participants acquired the broadcast, performs the function of the company’s shares. They have earned more than $ 18 million.These funds are managed by the Fund Ethereum, a non-profit organization based in Switzerland. Ethereum has accumulated a lot of debts to lawyers, but survived.

From the outset, the creators of Ethereum quarreled and almost killed the project. Many of them didn’t want the network was comercializando. Some of the participants insisted on the commercialization of the project broke. And yet, despite the conflicts and complexity, 30 of July 2015, the network was launched.

 

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