Business Wars Crypto Wars | New Kids on the Blockchain | 5
Nov 3, 2021
Vitalik Buterin, the young visionary behind Ethereum, shares his journey from blockchain enthusiast to a major player in the crypto world. He discusses Ethereum's revolutionary impact on cryptocurrency, particularly through smart contracts and decentralized applications. The conversation dives into the explosive growth of the crypto market in late 2017, revealing the challenges faced by platforms like Coinbase amid increasing demand. Buterin reflects on the chaos and innovation of this digital currency revolution, highlighting the rise of new exchanges and ICOs.
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Ethereum's Debut
- 19-year-old Vitalik Buterin presented Ethereum at a Bitcoin conference in Miami.
- The project gained immediate traction, inspiring a team and attracting interest in its crowdsale.
Novel Fundraising
- Ethereum's initial coin offering (ICO) is a novel fundraising method.
- It involves selling Ether, Ethereum's cryptocurrency, before the platform is even fully developed.
Ethereum's Capabilities
- Ethereum expands blockchain technology beyond just currency exchange.
- It enables apps to run on its blockchain, acting as a decentralized virtual supercomputer.
