The name Vitalik Buterin is well-known in both the crypto and investment circles. Investors in the cryptocurrency circle like to use his speeches as an important reference for investment, because his status in the cryptocurrency circle is second only to Satoshi Nakamoto. The Ethereum Kingdom created by Vitalik Buterin is changing the world and building a new blockchain finance that has an increasing influence on the global financial community.
Vitalik has been gifted and has had unique experiences since he was a child.
Vitalik Buterin was born on January 31, 1994 in an IT family in Russia.
In 1998, Vitalik Buterin got his first computer at the age of 4. After getting his own computer, he was very curious and had a strong spirit of exploration. He quickly learned how to write calculation programs in Excel.
In 1999, when Vitalik was 5 years old, his parents divorced, and he and his father immigrated from Moscow to Canada.
In 2001, when Vitalik was 7 years old, he created his first complex document called "Rabbit Encyclopedia", which contained rigorous mathematical formulas, charts, and preliminary mathematical models.
In 2004, when Vitalik was 10 years old, his three-digit mental arithmetic speed was twice that of his peers, and he was placed in the "Genius Class".
In 2006, when Vitalik was 12 years old, while his peers were still struggling with their studies, Vitalik could already write simple programs in C language. He was a true genius.
In 2011, when Vitalik was 17 years old, he wrote for a magazine called Bitcoin Weekly. Once it was approved, he would receive 5 bitcoins as royalties. Converted at the current price, each bitcoin is worth 60,000 US dollars. However, the price of Bitcoin was not that high at the time, only 3.5 US dollars.
In 2012, when Vitalik was 18 years old, he won the bronze medal of the Olympia Information Award.
In 2013, when Vitalik was 19 years old, he dropped out of the University of Waterloo in Canada. In November of the same year, he published the first version of the Ethereum White Paper and began recruiting developers.
In 2014, when Vitalik was 20 years old, he officially started writing the white paper for Ethereum, called together several partners, and used the money he saved from writing and scholarships to create Ethereum. He also innovated it into a new cryptocurrency. In July of the same year, Vitalik's team raised funds for Ethereum through ICO, and eventually raised 31,000 bitcoins, which caused a sensation. With these achievements, the industry called him Vitalik.
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In 2015, when Vitalik was 21 years old, Ethereum was officially launched on July 30. Ethereum is the second largest cryptocurrency after Bitcoin. The launch of Ethereum also ushered in a new era of smart contracts. The emergence of ERC20 triggered a great boom in the global digital cryptocurrency market. Currently, 94% of the top 100 digital cryptocurrencies by market value are built on Ethereum; 87% of the top 800 digital cryptocurrencies by market value are built on Ethereum.
In 2016, when Vitalik was 22 years old, the Ethereum community launched a project called The DAO, which aimed to conduct decentralized investment and fund management. However, the project became the target of hackers, and due to a vulnerability in the smart contract, 3.6 million ethers were stolen by hackers. In order to compensate the victims for their losses, Vitalik and the Ethereum Foundation decided to conduct a hard fork to revoke the previously stolen funds. This led to the emergence of two completely different chains, Ethereum Classic and Ethereum.
In 2017, when Vitalik was 22 years old, with the advent of the cryptocurrency bull market, more and more people began to get involved in Ethereum, and major domestic exchanges also launched Ethereum trading pairs. Since Ethereum can only be mined through graphics cards, which are standard hardware for almost every computer, people have joined the mining ranks. The price of graphics cards has also soared. Among the graphics cards sold, nearly 95% are used for mining, and only 5% are used for playing games.
Initial coin offerings have become a form of crowdfunding in the cryptocurrency world. By using Ethereum, projects can easily conduct decentralized fundraising. Therefore, in 2017, almost all projects chose Ethereum to raise funds. This trend created huge wealth, but also triggered a huge bubble.
In 2020, when Vitalik was 26 years old, on March 12, with the arrival of the bear market and the continuous market circuit breakers by the Federal Reserve, the market value of cryptocurrencies declined rapidly, and the price of Ethereum plummeted from the previous bull market high of $1,500 to a shocking $87. The price drop after the plunge caused panic among many investors, who chose to sell Ethereum and lost confidence in it.
DeFi has emerged in 2020. DeFi is short for decentralized finance, a financial system that uses smart contracts to realize the mortgage of virtual currencies and the generation of dividend tokens. The total locked value of DeFi protocols has exceeded 10 billion US dollars, achieving a growth of more than 2000%, building a global, decentralized financial ecosystem.
In the DeFi field, the YFI token representing dividends has also increased by tens of thousands of times, highlighting the abnormal prosperity of the market. Most of these DeFi projects are built on the Ethereum network, further promoting the development and success of Ethereum.
In 2021, when Vitalik was 27 years old, with the arrival of the crypto market bull run, the price of Ethereum soared to $4,850, a 16,000-fold increase from its initial offering price. This rise boosted the prices of Ethereum-related products and projects, including millions of dollars worth of virtual world land and millions of dollars worth of NFT projects. These phenomena became hot topics at the time, like legendary stories of the times, and attracted widespread attention.
In 2022, when Vitalik was 28 years old. With the successful transition of Ethereum from proof of work to proof of equity and the successful launch of the second-layer network, more and more people began to recognize a new opportunity to get rich, that is, to participate in the trial of new projects on the test network and get token rewards after the project is officially launched.
Many people created hundreds of new Ethereum addresses and easily participated in testing various projects on the test network, earning millions or even tens of millions of dollars. This aroused the interest of countless people, leading to more people joining the ranks of participating in free token airdrops, and the vast majority of projects chose Ethereum as the base token.
In 2023, when Vitalik was 29 years old, as the load of the Ethereum mainnet increased, transaction speeds slowed down, and transaction fees rose, more and more people began to study the second-layer network. These second-layer networks allow users to complete settlements within them and then send transaction records to the Ethereum mainnet in batches to obtain higher efficiency and profits.
With the rise of the second-layer network, we have seen many competitors such as ARB, OP, ZKS, STRK, ZKEVM, LINEA, BASE, etc. In the future, the cryptocurrency field will become a competition between the second-layer networks, and the final winner will be widely recognized.
In 2024, when Vitalik is 30 years old, Ethereum spot ETF was approved on May 20, and then Ethereum rose by 25% in 24 hours, setting a record. Ethereum is the second cryptocurrency to pass the spot ETF after Bitcoin, which means that it has officially entered the global mainstream asset. Ordinary investors and US pension funds can quickly and conveniently enter the cryptocurrency circle through spot ETFs. Its significance is extraordinary and will definitely be recorded in the history of encryption.
Bloomberg predicts that BlackRock, Fidelity and other seven Ethereum spot ETFs will be officially listed on July 4. We look forward to the listing of Ethereum spot ETFs in the near future. Ethereum and the cryptocurrency industry may reverse their decline.
The future of the crypto industry lies in the new public chain, and the future of the new public chain lies in the Ethereum second-layer public chain Starknet and ZKsync with zero-knowledge proof. The second-layer public chain will bring about earth-shaking changes in the global financial industry and bring unlimited possibilities to the global financial industry. Only one super application aave built on the Ethereum chain can replace all banks in the world. Aave has overwhelming advantages in terms of reliability, saving human resources, saving electricity resources, and saving land resources.
The changes that public chains bring to the financial industry are comprehensive, far-reaching, and thorough. The story of Ethereum and its founder Vitalik Buterin is so colorful, full of challenges and setbacks. This project has created many legends. Ethereum has become one of the world's wonders in the blockchain industry, and provides everyone with the opportunity to obtain the excess wealth brought by the growth of the blockchain industry. The public chain platform created by Vitalik Buterin has just begun all the earth-shaking changes.