đ„ THE CONCEPTION OF ETHEREUM đ„
While Buterin recognised the revolutionary potential of Bitcoin, he also saw its limitations. Bitcoinâs blockchain was primarily designed for processing financial transactions, and its scripting language was not flexible enough to support more complex applications. Buterin envisioned a blockchain platform that could be more than just a digital currency â a platform that could serve as the foundation for a wide range of dapps.
In late 2013, Buterin began to conceptualise Ethereum, a blockchain platform that would include a Turing-complete programming language, allowing developers to create smart contracts â self-executing contracts with the terms of the agreement directly written into code. This innovation would enable the creation of dapps for a variety of use cases, from finance to supply chain management.
