Eight years ago, Ethereum was announced at Bitcoin Talk and a proposal to create a network of smart contracts began to take shape. However, the first meeting between Vitalik Buterin and the Bitcoin community dates back to 2011.
in. 2011, he started participating in “Bitcointalk”. Impressed by the proposal, he co-founded Bitcoin Magazine and began writing articles.
In late 2013, Buterin described the idea of another digital currency in a white paper and sent it to some of his friends. The vision was to develop a blockchain with an integrated programming language and platform for decentralized applications, a sort of “robot for the cryptocurrency world.”
Then, Ethereum was officially announced on Bitcointalk on January 23, 2014. Exactly nine years have passed since then.
Developers on his side are revealed by Buterin: Gavin Wood, Charles Hoskinson, and Jeffrey Wilkie, while Anthony Di Iorio, Mihi Alessi, Joseph Lubin and Stephane Tual are named as members but not developers.
“Ethereum is a modular, stateful, Turing-complete contract scripting system blended with blockchain and designed with the philosophy of simplicity, universal accessibility, and universality. Our goal is to provide a platform for decentralized applications — an android for the cryptocurrency world, where all efforts can share a common set of APIs and interactions. Unreliable and compromises.”
Explaining his idea, Buterin invited the community to join the new ecosystem as volunteers, developers, investors and evangelists. The focus was on enabling “a very different paradigm for the Internet and the relationships it provides”.
That same year, Buterin challenged Bitcoin Dominance Maximalism, a school of thought still relevant to the cryptocurrency ecosystem. His treaty essentially separates people who simply want to improve Bitcoin from what might be called “Bitcoin dominance extremists,” often labeled as aggressive, hostile, and toxic.
This was the first time he had questioned ideology. Since then, Ethereum itself has become the most consistent and most notorious target for cash from the proud “Bitcoin Maximalist”.
Despite the differences in culture and performance, Ethereum has still managed to maintain its position as the second largest cryptocurrency by market cap, after nearly a decade of existence and going through various moments such as the hard fork of MakerDAO and, most recently, The Merge.