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Vitalik Buterin

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In this name that follows Eastern Slavic naming customs, the patronymic is Dmitriyevich and the family name is Buterin.
Vitalik Buterin
Виталий Дмитриевич Бутерин
Buterin in 2015
Born (1994-01-31) 31 January 1994 (age 30)
Kolomna, Russia
NationalityCanadian
Montenegrin[1]
EducationUniversity of Waterloo
(dropped out)
Known forEthereum, Bitcoin Magazine
AwardsThiel Fellowship
Scientific career
FieldsDigital contracts, digital currencies, game theory
Websitevitalik.ca

Vitaly Dmitriyevich "Vitalik" Buterin (Template:Lang-ru; born 31 January 1994) is a Canadian programmer and writer who is best known as one of the co-founders of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011.[2][3][4] In 2014, Buterin launched Ethereum with Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin.[5][6][7]

Early life and education

Buterin was born in Kolomna, Russia. His father was a computer scientist.[8] He lived in the area until the age of six when his parents emigrated to Canada in search of better employment opportunities.[9] While in grade three of elementary school in Canada, Buterin was placed into a class for gifted children and was drawn to mathematics, programming, and economics.[10] Buterin then attended The Abelard School, a private high school in Toronto.[11] Buterin learned about Bitcoin, from his father, at the age of 17.[9]

After high school, Buterin attended the University of Waterloo. There, he took advanced courses and was a research assistant for cryptographer Ian Goldberg, who co-created Off-the-Record Messaging and was the former board of directors chairman of the Tor Project.[12][13] In 2012, he won a bronze medal in the International Olympiad in Informatics.[14]

In 2013, he visited developers in other countries who shared his enthusiasm for code. He returned to Toronto later that year and published a white paper proposing Ethereum.[15] He dropped out of university in 2014 when he was awarded with a grant of $100,000 from the Thiel Fellowship, a scholarship created by venture capitalist Peter Thiel and went to work on Ethereum full-time.[16]

On 30 November 2018, Buterin received an honorary doctorate from the Faculty of Business and Economics of the University of Basel on the occasion of the Dies Academicus.[17]

Career

Bitcoin Magazine

Main article: Bitcoin Magazine

In 2011, Buterin began writing for a publication called Bitcoin Weekly after meeting a person on a bitcoin forum in order to earn bitcoin.[18] The owner offered five bitcoin (about $3.50 at the time) to anyone who would write an article for him.[19] Buterin wrote for the site until its website shut down soon thereafter due to insufficient revenue.[20] In September 2011, Mihai Alisie reached out to Buterin about starting a new print publication called Bitcoin Magazine, a position which Buterin would accept as the first co-founder, and contribute to as a leading writer.[18]

Bitcoin Magazine in 2012 later began publishing a print edition and has been referred to as the first serious publication dedicated to cryptocurrencies.[21] While working for Bitcoin Magazine, Buterin reached out to Jed McCaleb for a job at Ripple who accepted.[22] However, their proposed employment fell apart after Ripple was unable to support a U.S. visa for Buterin.[22]

In addition, he held a position on the editorial board of Ledger in 2016, a peer-reviewed scholarly journal that publishes full-length original research articles on the subjects of cryptocurrency and blockchain technology.[23][needs update]

Ethereum

Main article: Ethereum

Buterin is a co-founder and inventor of Ethereum, described as a "decentralised mining network and software development platform rolled into one"[24] that facilitates the creation of new cryptocurrencies and programs that share a single blockchain (a cryptographic transaction ledger).[25][26][27]

Buterin first described Ethereum in a white paper[28] in November 2013.[29] Buterin had argued that bitcoin needed a scripting language for application development. But when he failed to gain agreement, he proposed development of a new platform with a more general scripting language.[30]: 88 

The Ethereum white paper was circulated and interest grew in the new protocol in late 2013 and early 2014. Buterin announced Ethereum more publicly at the North American Bitcoin Conference in Miami on 26 January. Buterin delivered a 25-minute speech, describing the general-purpose global computer operating on a decentralized permissionless network, ending with potential uses for Ethereum that ranged from crop insurance to decentralized exchanges to DAOs.[31][32]: 92, 110–130 

About the Ethereum Project, Buterin said in 2020: "I am truly grateful to have the opportunity to work in such an interesting and interdisciplinary area of industry, where I have the chance to interact with cryptographers, mathematicians and economists prominent in their fields, to help build software and tools that already affect tens of thousands of people around the world, and to work on advanced problems in computer science, economics and philosophy every week."[33] However, in a 2018 New Yorker article, his father suggests that Buterin is trying to avoid the focus on him as the philosopher king of the blockchain world, stating "He is trying to focus his time on research. He's not too excited that the community assigns so much importance to him. He wants the community to be more resilient."[34]

Buterin has stated that he was driven to create decentralized money because his World of Warcraft character was nerfed, specifically by patch 3.1.0. He went on to say in his about.me bio, "I happily played World of Warcraft during 2007-2010, but one day Blizzard removed the damage component from my beloved warlock’s Siphon Life spell. I cried myself to sleep, and on that day I realized what horrors centralized services can bring. I soon decided to quit."[35][36]

Open-source software

Buterin has contributed as a developer to other open-source software projects.[2] He also contributed to DarkWallet[37] by Cody Wilson, Bitcoin Python libraries,[38] and the cryptocurrency marketplace site Egora.[3]

Ethereum Russia

As Buterin was recognizing the economic and political relevance of the Ethereum enterprise for his native Russia, he met with President Vladimir Putin on 2 June 2017, at the St. Petersburg International Economic Forum (SPIEF). Putin stated that he "supported the idea of establishing ties with possible Russian partners".[39]

Work with Glen Weyl

Buterin came into contact with economist Glen Weyl after tweeting about Weyl's proposal for a new wealth tax.[40] The two then wrote a manifesto Liberation Through Radical Decentralization, where they highlighted the common ground between Buterin's work on cryptocurrencies and Weyl's work on market-based solutions to social problems.[41] Collaborating with Zoe Hitzig, a PhD student at Harvard, they published a paper in 2019 entitled A Flexible Design for Funding Public Goods. The paper sets out a method for optimal provision of public goods, using a version of quadratic voting.[42]

Awards and recognition

Philanthropy

  • Donation of $50,000 to the SENS Research Foundation in 2020. Together with Sam Bankman-Fried and Haseeb Qureshi, a total of $150,000 was donated the SENS Research Foundation to combat aging and aging-related diseases at the choice of users of Twitter through open voting.[55]

See also

References

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  2. ^ a b Finley, Klint (27 January 2014). "Out in the open: Teenage hacker transforms web into one giant Bitcoin network". Wired. Archived from the original on 2014-02-12. Retrieved 7 February 2014.
  3. ^ a b Melendez, Steven (10 February 2014). "Could this 20-Year-Old kid make Bitcoin obsolete?". Fast Company. Archived from the original on 2014-03-01. Retrieved 22 February 2014.
  4. ^ del Castillo, Michael (24 September 2014). "Dark wallet: A radical way to Bitcoin". The New Yorker. Archived from the original on 2013-09-25. Retrieved 24 January 2014.
  5. ^ "Ethereum Regains Title as Second Most Valuable Cryptocurrency Behind Bitcoin". Fortune. Archived from the original on 2018-01-08. Retrieved 2020-12-31.
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  7. ^ a b Paumgarten, Nick (October 15, 2018). "The Prophets of Cryptocurrency Survey the Boom and Bust". The New Yorker. Archived from the original on January 9, 2020. Retrieved December 7, 2021.
  8. ^ Brownell, Claire (2017-06-27). "Vitalik Buterin: The cryptocurrency prophet". Financial Post. Archived from the original on 2018-03-08. Retrieved 2018-03-08.
  9. ^ a b Peck, Morgen (2016-06-13). "The Uncanny Mind That Built Ethereum". Backchannel. WIRED. Archived from the original on 2017-07-13. Retrieved 2016-06-15.
  10. ^ a b Snyder, Benjamin (2017-06-23). "Meet Vitalik Buterin, the 23-year-old founder of bitcoin rival ethereum". CNBC. Archived from the original on 2018-01-29. Retrieved 2018-03-08.
  11. ^ Leising, Matthew (2020). Out of the Ether : the amazing story of Ethereum and the $55 million heist that almost destroyed it all. Wiley. pp. 35–40. ISBN 9781119602934.
  12. ^ Russo 2020, pp. 29.
  13. ^ "The Uncanny Mind That Built Ethereum | WIRED". Wired. 13 July 2017. Archived from the original on 2017-07-13.
  14. ^ "Results | IOI 2012". www.ioi2012.org. Archived from the original on 2016-03-04. Retrieved 2016-07-21.
  15. ^ Braga, Matthew (13 Oct 2016). "Change Agents 2016: Vitalik Buterin, Ethereum". Canadian Business. Archived from the original on 2017-06-07. Retrieved 6 June 2017.
  16. ^ Elliot, Josh (July 2, 2014). "Why a 20-year-old Toronto drop-out accepted $100,000 to stay out of school". CTV. Archived from the original on 2016-06-01. Retrieved 25 April 2016.
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  22. ^ a b Russo 2020, pp. 35.
  23. ^ "Ledger". Archived from the original on 2016-02-20. Retrieved 4 February 2016.
  24. ^ Benstead, Sam (19 May 2021). "What is ethereum and how does it differ from Bitcoin?". The Telegraph. Archived from the original on 6 November 2020. Retrieved 19 October 2020.
  25. ^ Aron, Jacob (6 February 2014). "Bitcoin: How its core technology will change the world". New Scientist. No. 2955. Archived from the original on 2014-02-22. Retrieved 22 February 2014.
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  30. ^ Tapscott, Don; Tapscott, Alex (2016-05-07). The Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. Portfolio. ISBN 978-0670069972.
  31. ^ Leising 2021, pp. 129.
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  39. ^ Sebastian, Clare (Nov 2017) "Russia eyes cryptocurrency dominance" Archived 2018-07-20 at the Wayback Machine CNN Tech. Retrieved 20 July 2018.
  40. ^ Gian Volpicelli (14 June 2018). "This economist wants to abolish private property using blockchain". Wired. Archived from the original on 27 January 2021. Retrieved 4 January 2021.
  41. ^ Vitalik Buterin and Glen Weyl (21 May 2018). "Liberation Through Radical Decentralization". Archived from the original on 26 February 2021. Retrieved 4 January 2021.
  42. ^ "A Flexible Design for Funding Public Goods". Management Science. 65 (11): 5171–5187. 2 July 2019. arXiv:1809.06421. doi:10.1287/mnsc.2019.3337. S2CID 198858039. Archived from the original on 5 August 2021. Retrieved 4 January 2021. {{cite journal}}: Unknown parameter |authors= ignored (help)
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  48. ^ "Dies Academicus of the University of Basel: Honorary doctorates for Hansjörg Schneider and Vitalik Buterin". 30 November 2018. Archived from the original on 2018-12-05. Retrieved 2018-12-04.
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  51. ^ "SENS Research Foundation Receives $2.4 Million Ethereum Donation From Vitalik Buterin". SENS Research Foundation. 2018-02-02. Archived from the original on 2021-04-21. Retrieved 2021-03-27.
  52. ^ Elena, Milova (March 20, 2018). "Vitalik Buterin: The Best Thing to Donate Money to is The Fight Against Aging". LIFE EXTENSION ADVOCACY FOUNDATION. Archived from the original on 2018-03-22. Retrieved March 21, 2018.
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