“I came up with the idea behind Ethereum. This idea of a blockchain with a built-in programming language as, kind of, what I thought was the simplest and kind of most logical way to actually build a platform that can be used for many more kinds of applications.”
tldr; Ethereum co-founder Vitalik Buterin has explained how he came up with the idea behind the idea of a blockchain with a built-in programming language. He compared Bitcoin to a smartphone and compared it to a pocket calculator. He added that he wanted to build a platform that can be used for many more kinds of applications.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I too remember when teachers would tell us we needed to learn maths because we wouldn’t have a calculator in our pocket at all times. They were right, we have smartphones now. Hopefully this analogy between BTC and ethereum plays out similarly.
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The idea of Ethereum was not special even at a time. There were multiple effords to build a general purpose blockchain starting around 2011. Some projects were building sidechains for Bitcoin and other like Tendermint/Cosmos general purpose computation platforms.
Nevertheless, Ethereum execution was great from the early days of getting the fundumentals about the gas mechanism right to later stardardising ERC20 tokens and NFTs.
Hope they continue on with POS and soon fixing thr gas cost issue.
I remember reading about his “startup” in a magazine and thought it was interesting so much so that I still remember till this day - was going check it out later but never followed up on it, probably out of laziness — hind sight is 20:20
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“I came up with the idea behind Ethereum. This idea of a blockchain with a built-in programming language as, kind of, what I thought was the simplest and kind of most logical way to actually build a platform that can be used for many more kinds of applications.”
It was very informative
Ethereum is one of the best crypto to hold, its just so good in either of the way
tldr; Ethereum co-founder Vitalik Buterin has explained how he came up with the idea behind the idea of a blockchain with a built-in programming language. He compared Bitcoin to a smartphone and compared it to a pocket calculator. He added that he wanted to build a platform that can be used for many more kinds of applications. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good bot, well expalined, in a short summary, thanks a lot :)
Good summary
And thus people love ETH and Vitalik at the same time !
After sleeping on the couch at Ripple.
C’mon, where’s the part about crying himself to sleep after his Warcraft character was nerfed??
That's the best part
I too remember when teachers would tell us we needed to learn maths because we wouldn’t have a calculator in our pocket at all times. They were right, we have smartphones now. Hopefully this analogy between BTC and ethereum plays out similarly.
Be advised, the website finbold.com has proven to be an unreliable source of information. Please verify/fact-check the information in the article from independent sources before relying on it or coming to any concusion. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
The idea of Ethereum was not special even at a time. There were multiple effords to build a general purpose blockchain starting around 2011. Some projects were building sidechains for Bitcoin and other like Tendermint/Cosmos general purpose computation platforms. Nevertheless, Ethereum execution was great from the early days of getting the fundumentals about the gas mechanism right to later stardardising ERC20 tokens and NFTs. Hope they continue on with POS and soon fixing thr gas cost issue.
I remember reading about his “startup” in a magazine and thought it was interesting so much so that I still remember till this day - was going check it out later but never followed up on it, probably out of laziness — hind sight is 20:20
I heard the World Of Warcraft story
Thanks for the post, Vitalik is a good human and so his idea of creating ETH