Vitalik Buterin is the “genius boy” behind Ethereum, the second largest cryptocurrency in the world, second only to Bitcoin.
Involved in the cryptoactive community since 2011, the young millionaire wrote articles for a Bitcoin magazine before co-founding the Ethereum platform in 2014.
At 27, Vitalik Buterin is close to joining the select billionaires club with his fortune in Ether (ETH).
Like other altcoins, Ethereum took advantage of the good moment in the market and appreciated in recent months
As a result, the businessman became one of the richest people under the age of 30 in the world.
Who is Vitalik Buterin
Vitalik Buterin is a Russian-Canadian programmer known as the co-founder of Ethereum. He was also a co-founder and editor of Bitcoin Magazine.
Life and career
Vitaly Dmitriyevich “Vitalik” Buterin was born on January 31, 1994 in Kolomna, Moscow Oblast, Russia.
When he was six years old, his parents immigrated to Canada in search of better job opportunities.
In the third year of elementary school, Buterin was placed in a class for gifted children.
There he began to delve into subjects such as mathematics and programming and was awarded a Bronze Medal at the International Olympiad in Informatics.
His first contact with Bitcoin was at the age of 17 through his father, who had a software startup.
Between 2011 and 2012 Buterin started writing about Bitcoin, until he was called to be part of Bitcoin Magazine, which would later be bought by BTC Media.
In May 2013, he traveled to San Jose, California to attend an international Bitcoin conference as a representative of the magazine.
It was the first time he witnessed the growth of the crypto community with several developers around the world sharing the same enthusiasm for programming.
This convinced him to delve into the cryptocurrency project.
Later, he began looking for ways to extend the capabilities of the Bitcoin network and make it a larger, more capable version.
In late 2013, Vitalik Buterin published a white paper proposing the creation of Ethereum.
With the interest of other programmers to discuss the concept, he dropped out of the University of Waterloo in 2014 and went to work on Ethereum full time.
In June 2017, a false news emerged claiming that Vitalik Buterin had died in a car accident. This caused Ether to lose $4 billion in market value.
Currently Buterin lives in Singapore with his millions on ETH.
What is Ethereum
Vitalik Buterin is the inventor and co-creator of Ethereum, a decentralized platform that allows the creation of smart contracts using blockchain technology.
First described in late 2013. Buterin argued that bitcoin needed a broader reach with a scripting language for application development.
As he couldn’t reach an agreement with the community, he proposed the development of a new platform, Ethereum.
Fortune in Ether
According to TrustNodes, the Russian programmer has around 333,520 Ethers, equivalent to $635 million (BRL 3.3 billion).
Although he still owns a large amount of the cryptocurrencies he created, Vitalik, like other digital coin creators, tends to sell some of them.
In December 2019, for example, he sold about 5,000 ethers.
Charlie Lee, creator of Litecoin, also likes to sell when the price hits a peak.
Fortunately for investors, Vitalik tends to respect the market, always selling small amounts. In this way, it somehow manages to maintain the asset’s price.
What would not happen if you sold a large quantity at once, which would consequently bring down prices.
In all, Vitalik is estimated to have sold about $50 million worth of Ethereum, putting his Ethereum fortune close to $700 million.
For now, only the mysterious Bitcoin creator, Satoshi Nakamoto, remains on the holders path.
With over 1 million bitcoins in his wallet, he hasn’t sold any of them so far.