Ethereum, Guides

Who created Ethereum?

By Cryptonew | 04/09/2021

Back in 2008, bitcoin was invented as a revolutionary way we approach online payment, security and privacy. Just three years later, the Ethereum platform was invented with an even greater ambition: to change our perception of the World Wide Web itself.

But, who created Ethereum? Unlike the mysterious persona of “Satoshi Nakamoto” in case of bitcoin, the Ethereum inventor is not hiding in the shadows. That person is Vitalik Buterin, a programming whizz-kid with a huge interest in everything bitcoin and crypto. Buterin was a co-owner of the Bitcoin Magazine website and his pet dream was the creation of a blockchain-powered platform whose application would go beyond the financial focus of bitcoin.

As a visionary who created Ethereum, Buterin was hardly alone. His assistants in turning this vision into reality were programmers Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson and Dr. Gavin Wood.

In order to make their platform sustainable, they designed Ethereum tokes or ether with which people “bought” their participation in the related crowdfunding project launched in July 2014. Once the project was funded, Ethereum went live on July 30th, 2015, which is the semi-official birthday of this cryptocurrency.

Still, there is yet another unexpected twist in the story of who created ETH we all love and use. Today’s ETH emerged after a split in the Ethereum community following a 2016 hacker attack on the organization in charge of funding its native platform. Those who favored changes to the original blockchain code created Ethereum (ETH) as we know it today, while those who opposed this move went on to develop ethereum classic (ETC).

Posted in Ethereum, Guides
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