Acne Buterin. The way up the Creator of Ethereum

Platform Ethereum as one of the breakthrough projects of recent years. It's been used by NASA, the largest U.S. retail retailer Walmart and hundreds of ICO projects. Founder of platform — 23 years old developer with Russian roots acne Buterin. About his life out of the Ether knows not so much. Tell how the son of immigrants became the most influential developer in the world and how it changes the economy.

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Childhood acne

acne Buterin was born 31 January 1994 in Kolomna near Moscow. In six years, parents in search of better employment opportunities moved to Canada. In third grade, canadian school it was transferred to the gifted program. By the time Buterin could have in mind to add, multiply and divide three-digit numbers and showed a propensity for mathematics, and programming.

the move to individual training for the future programmer of one of the crucial points in life — he was cut off from peers and teachers, who, because of unusual abilities considered him strange. Buterin recalls that even then he was called a genius of mathematics, while he himself wanted to be an ordinary high school student.

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introduction to cryptocurrency

for the Last four years he studied in a private school, Emerald in Toronto. This time, the programmer remembers as one of the most productive. Educational institution changed its attitude Balerina to education — here he has become really "hungry" for knowledge. At the same time he became interested in World of Warcraft. For three years he developed one character, but after the updates released by the game's developer Blizzard in 2010, part of skills the character has disappeared.

I haven't slept all night — that's when I first realized what the harm of centralization processes.

It is the search of new passions have led him to the world of cryptocurrency. Buterin first heard about Bitcoin in 2013 from his father, who was engaged in software development. First, he decided that the coins will fail because they "do not have intrinsic value". Later he heard about the digital money again and decided to learn more about them. Even then the developer was considered evil everything related to government and regulation, so Bitcoin has quickly gained its location.

In 2011, together with the Romanian Mihai kriptosistem Alice Buterin launched magazine Bitcoin. The publication existed for two years, and the programmer has combined the position of chief editor with his studies at the University of Waterloo and work at the information security specialist Ian Goldberg.

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Ethereum

In 2013, passing the magazine under the control of BTC Media, he went to travel and meet in Israel the founders of the projects CovertCoins and MasterCoin. The company studied the use of alternative use of Bitcoin— for example, the issue on the basis of its other tokens. After examining the protocols used by the entrepreneurs, Buterin came to the conclusion that it is possible to massively generalize the functions of the protocols using the language of Turing. It allows the computer to solve the problem according to a specific algorithm, using time and memory.

In January 2014 were the platform and the Ethereum coin. At the root of the project stood Buterin, Mihai Alise, Anthony Di Iorio, Charles Hoskinson, Joe Lubin and Gavin wood. At the same time Buterin received a scholarship to Thiel in the amount of 100 thousand dollars — the money team enough for the first stage of development of the project.

a few months later the project was conducted by krausel, which attracted 31 thousand bitcoins, or $ 18 million at the time. The money the company has opened in Switzerland, a non-profit organization Foundation Ethereum, which was tasked to oversee the development of software based on open source Ethereum. Simultaneously, the developers have started stress testing the network with a reward of 25 thousand broadcasts to the user, who will find in it a security vulnerability. A year later Buterin released the first public version of the Protocol, and in 2016 the official release of Ethereum.

Almost immediately the air began to be traded on major exchanges, and evaluation of the project grew daily. By 2016, Ethereum had a 5.1 thousand active nodes compared to 6 thousand Bitcoin does. The rapid growth of the platform was facilitated by the interest from tech giants such as Microsoft and IBM.

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Hardwork and Ethereum Classic

in Addition to the Dapp decentralized applications, Ethereum allows users to create a DAO — decentralized Autonomous organization. They are tied to digital assets, and operate on the basis of pre-defined rules smart contracts. Users of such organizations, bought tokens take on the role of shareholders and decide how to spend the company's money.

One such organization — based German Slock.it startup company "DAO" — became a victim of the biggest hacking in the history of the platform. The hacker managed to steal $ 50 million of the 150 million raised by the company to ICO. Although the cybercriminal used the bug in the code, the company, under the blow was Ethereum.

the Rate of Air fell from 20 to 13 dollars, and the guidance platform faced a choice — to roll back the network until DAO (softform) or splitting the network in two, and partial amendment to the rules of its functioning (hardwork). In the end the community voted for the second option. So there Ethereum Classic, which with minor exceptions, duplicated the original. Buterin then said that the double circuit block can confuse investors and users and reduce the security of the entire system.

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Buterin in Russia

In August 2017 Buterin played in front of five-thousand audience in the innovation center SKOLKOVO. Then he said that Russian President Vladimir Putin is aware of the blockchain means that the technology is at its peak of popularity. He added that Russia, along with Singapore and UK top three countries where are the most active test of the blockchain.

During the visit Buterin met with Putin. As mentioned the owner and President, is unknown, however, it was reported that the meeting with Putin was one of the conditions for the arrival of the developer. After the President stated that he is interested in digital economy and plans to think over introduction of the technology of the block chain in the work of government agencies. At the same time about testing blockchain technology announced the state savings Bank. It was about optimizing workflow.

During a trip to Russia Buterin signed a contract with the Director-General Yote Vladimir Martynov on the establishment of non-profit organizations Ethereum Russia. The Fund will develop solutions based on a distributed registry for government agencies and companies.

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Fake news about the death

In June 2017, several media outlets wrote about the death of Baterina in a car accident. The publication was based on the note on 4chan — an anonymous message Board and the source of most fake news. Buterin denied the news a few hours later, however, the Ethereum capitalization fell by $ 4 billion. The situation showed once again how much the platform depends on its founder.

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Now

Buterin Now lives in Singapore. The programmer is optimistic about the future of the platform — according to him, the only killer may be the only Ethereum the Ethereum. Buterin platform, which will allow her to work more stable, safer and economical.

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