Ethereum, the second-largest cryptocurrency by market capitalization, was proposed in late 2013 by a programmer named Vitalik Buterin. Buterin's idea was to create a decentralized platform that could execute smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. The Ethereum network went live in 2015, and its native cryptocurrency, Ether (ETH), has since become one of the most widely traded cryptocurrencies in the world. Buterin's vision has had a profound impact on the blockchain industry, spawning a multitude of decentralized applications and projects built on the Ethereum platform.

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