🚀 The Birth of Ethereum
In 2013, a young Russian-Canadian programmer named Vitalik Buterin had a bold vision: to go beyond Bitcoin’s limited scripting system and create a programmable blockchain. He imagined a platform where developers could build decentralized applications (dApps) using smart contracts—self-executing agreements written in code.
Vitalik published the Ethereum whitepaper later that year, sparking interest among crypto enthusiasts, developers, and investors. Unlike Bitcoin, which was primarily a currency, Ethereum would serve as a world computer—a decentralized platform that could run applications without downtime, fraud, or third-party interference.
🛠️ The Ethereum Team
By 2014, Ethereum’s development team had formed, including co-founders:
Gavin Wood (who wrote the Ethereum Yellow Paper and created Solidity, the smart contract language),
Joseph Lubin, and
Anthony Di Iorio, among others.
They launched a crowdsale in mid-2014, raising over $18 million in Bitcoin, making it one of the first major Initial Coin Offerings (ICOs).
🌍 The Launch
On July 30, 2015, Ethereum went live with the Frontier release. Developers could now deploy smart contracts on the Ethereum Virtual Machine (EVM), an innovation that allowed Ethereum to function like a global decentralized computer.
⚖️ Challenges and Growth
In 2016, a major decentralized venture capital fund called The DAO was hacked due to a vulnerability in its smart contract code. The Ethereum community controversially voted to hard fork the blockchain to reverse the damage—this split created:
Ethereum (ETH) – the main chain with the rollback.
Ethereum Classic (ETC) – the original, unaltered chain.
Despite this, Ethereum continued to grow rapidly, becoming the backbone for DeFi, NFTs, and Web3 innovations.
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