Who is he — the youngest crypto billionaire and creator of the Ethereum blockchain project?
We will tell you about Vitalik Buterin, one of the best programmers of our time, a Russian-Canadian genius who at the age of 19 has already developed a revolutionary blockchain platform capable of changing the global economy with the support of governments and companies from different countries.
Dad and blockchain
Vitalik Buterin was born in Russia in the city of Kolomna near Moscow in 1994. From a very young age Vitaly differed from his peers in his analytical and mathematical abilities. Already at the age of 4, he was fond of creating macros in Excel. And by the age of seven he created a virtual Excel-based fairytale universe and populated it with rabbits. And he ruled such a universe with the help of mathematical calculations and formulas.
In early 2000, the Buterin family moved to Toronto, Canada, in search of better working conditions. And then, at the suggestion of his father, a computer scientist, Vitaly became interested in programming.
At the age of 10, the little genius began to study the C ++ language and develop computer games. His first game, Tutorial, was so difficult that only its creator could beat it.
In 2011, thanks to his father’s influence, Vitaly learned about the world of blockchain. At first, he was skeptical about decentralized systems and cryptocurrencies.
I learned about it from my dad. When he told me about Bitcoin, I thought: these are just numbers on a computer, they have no intrinsic value, how can they be currency?
The thirst for knowledge prevailed over skepticism. In just a few weeks, Vitaly was actively scrolling Bitcoin forums, studying the mechanisms of crypto projects, then started writing articles for the Bitcoin Weekly blog, and eventually he became the founder of Bitcoin Magazine.
After two years of active work in the crypto community, Vitalik realized how little functionality the virtual Bitcoin coin had. Buterin decided to develop an improved blockchain platform with broader capabilities. Ethereum, according to Buterin’s plan, was to become both a payment system and a platform for creating blockchain-based applications. Due to the fact that the code of the created applications will run not on a centralized server, but on a distributed network, the developed applications will not be censored.
In order to start implementing his ambitious idea, Vitalik had to leave the university and start working on his crypto project, as well as searching for like-minded people.
Some time later, a 19-year-old Buterin wrote a Whitepaper of his product, detailing the concept of an online platform called Ethereum, designed for any type of decentralized applications. Almost immediately after the Whitepaper was published, Vitalik found himself surrounded by high-level professionals who shared his ideas and views. Buterin received a $100,000 grant from Thiel Fellowship to develop his idea.
In early 2014, Buterin and his team established Ethereum Switzerland GmbH in Switzerland, having chosen this particular country due to the liberal attitude of local laws towards cryptocurrencies. Finally, 2015 saw the official release of the Ethereum platform, more specifically, a distributed public network based on blockchain with the ability to store and protect market data of companies, banks and other infrastructure institutions thanks to its decentralized system and smart contracts function.
Such giants as IBM, Microsoft, Goldman Sachs, JP Morgan started working with Ethereum. The founders of the corporations came to the conclusion that decentralized applications based on Ethereum should be used by everyone who needs to be protected from unauthorized interference. The creation of smart bonds for the Swiss bank UBS is one of the first projects based on the Ethereum blockchain. Soon ETH (Ethereum native token) became the second most popular and capitalized cryptocurrency, being surpassed only by Bitcoin, and Buterin became a cult figure in the crypto community.
Vitalik Buterin: net worth and charity
In 2017, a 20-year-old Buterin was one of the top ten most influential young people under the age of 40, according to Fortune magazine, and was also included in Forbes magazine’s “30 under 30” list of young professionals. The discreet and modest Ethereum creator is a regular participant in international forums and conferences.
After all, when Vitalik starts talking about blockchain, Stanford professors take out their notebooks and start writing down.
Buterin attended the St. Petersburg Economic Forum in 2017, where he had a chance to talk personally with Russian President Putin. The details of the conversation were not disclosed, but after the audience in Buterin’s homeland, the authorities became less wary of blockchain technology. Just a month after Putin and Buterin met, a joint project between Ethereum and the state corporation VEB, called Masterchain, was launched. After the meeting with the Russian president, Buterin published the following post on social media:
I’d rather team up with anyone to do the right thing, and no one to do the wrong thing.
And in May 2021, the creator of Ethereum received the honorary title of the youngest crypto-billionaire in the history of blockchain technology for almost three weeks thanks to the rapid growth of Ethereum quotations. However, after the collapse of the major crypto rates, Buterin is no longer a billionaire, but just a millionaire. According to the latest data, Vitalik’s fortune is estimated at about $850 million.
But despite this, the founder of Ethereum lives quite a modest life, by the standards of the world’s business elite. Vitalik lives and works in a modest mansion in San Francisco. He dresses in simple T-shirts with Ethereum symbols or images of cats. He eats regular food, which he orders through delivery services.
In addition to working on Ethereum upgrades, Vitalik is involved in providing development assistance to other promising startups.
India Covid-Crypto Relief Foundation received 50 trillion SHIBA INU tokens from Buterin to fight the coronavirus. The young crypto millionaire also transferred Dogelon Mars tokens totaling more than $340 million to the account of the Methuselah Foundation, a non-profit organization dedicated to regenerative medicine and tissue engineering.
According to the young crypto millionaire, cryptocurrencies will have the most value and distribution in the world if they are used for good purposes. For example, Buterin believes that non-fungible tokens (NFTs) will gain the most popularity and distribution if they are used to solve social problems.
That’s the kind of guy he is, Vitalik Buterin – an immigrant-born genius, an undergraduate student who, thanks to his talent, diligence and faith in his idea, made a technological revolution in the IT industry and became the most authoritative and influential developer in the world.