What is Ethereum ? Man Behind it

What is Ethereum

Ethereum is a decentralized, open-source blockchain platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These smart contracts are written in a high-level programming language called Solidity, and they can be used to facilitate, verify, and enforce the negotiation or performance of a contract.

Ethereum was first described in a 2013 white paper by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine. Buterin saw the limitations of the Bitcoin blockchain and proposed a new platform that would allow developers to build and deploy decentralized applications. In 2014, Ethereum was launched via a crowdsale, and it has since become one of the largest and most widely used blockchain platforms in the world.

In addition to running smart contracts, Ethereum is also a decentralized computing platform that enables the creation of decentralized applications (dApps). These dApps are built on top of the Ethereum blockchain and can interact with smart contracts in order to access the Ethereum network's resources. Some popular dApps that have been built on Ethereum include Cryptokitties, a digital collectibles game, and Augur, a decentralized prediction market platform.

Man Behind Ethereum

Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine, founded Ethereum. Buterin first proposed the idea of Ethereum in a white paper published in 2013. He saw the limitations of the Bitcoin blockchain and believed that a platform that could run smart contracts and decentralized applications (dApps) would have greater potential and be more useful to a wider range of users.

Buterin and a team of developers then founded the Ethereum Foundation, a non-profit organization based in Switzerland, to support the development of the Ethereum platform. The Ethereum Foundation raised funds through a crowdsale in 2014 and has since played a significant role in the development and maintenance of the Ethereum blockchain.

However, Ethereum is an open-source platform, and its development is not controlled by any single entity. The Ethereum community consists of a diverse group of developers, users, and stakeholders who contribute to the platform and make decisions about its direction through a consensus-based process.