๐ก The Creation of Ethereum: A Programmable Blockchain Revolution
In 2013, a 19-year-old coder named Vitalik Buterin ๐ค saw Bitcoin's limitations. While Bitcoin handled digital money well, he dreamed bigger - a blockchain that could run programs too, like a decentralized world computer ๐๐ป.
๐ How Ethereum Was Born :
- 2013: Vitalik published the Ethereum whitepaper, proposing:
- A blockchain with a built-in programming language (Solidity)
- Smart contracts that auto-execute agreements โ๏ธโก
- A platform for anyone to build decentralized apps (dApps)
- 2014: Held one of the first major ICOs, raising $18M to fund development.
- July 2015: Ethereum went live (Frontier release), introducing:
- The Ethereum Virtual Machine (EVM) โถ๏ธ (runs smart contracts)
- Gas fees โฝ (pay miners for computations)
- Native token creation ๐ท๏ธ (leading to ERC-20 tokens)
๐ช๏ธ Early Challenges :
- 2016: The DAO hack stole $50M, leading to a controversial fork (ETH vs ETC).
- Scaling issues as demand grew (high fees, slow transactions).
โจ Ethereum's Legacy :
This foundation enabled DeFi, NFTs and Web3 - changing crypto forever.
(Not financial advice.)
