Vitalik Buterin:
Raised in Canada two Russian parents Vitalik boo Turin is the blockchain movements, biggest celebrity, He created the etherium blockchain when he was just 21 years old and it's cryptocurrency. The ether is second only to Bitcoin. It's market cap increased by over 10,000 percent in 2017.
Vitalik has been on a global campaign to raise awareness of his creation and its potential implications for business finance and government.
Vitalik Buterin explains Ethereum
Thanks to the power of modern communication we have the ability to create technologies that are decentralized removing middlemen and allowing users interact with each other indirectly through a global network decentralized that would cations have been becoming more and more important in the past 10 years and how the benefits of massively reducing costs and barriers to entry removing single points of failure preventing censorship and ensuring transparency and trust between all the parties involved in an interaction. BitTorrent a file sharing network develops in the early 2000s is arguably the first the centralized applications have been created. BitTorrent allows anyone to share any kind of file with anyone else in the world allowing people to distribute the content quickly and easily even if they do not have the resources to pay for their own website or server. Five years later Satoshi Nakamoto came up with the idea of a blockchain a sort of distributed database and used it to build bitcoin the world's first decentralized currency decentralized currencies like Bitcoin allow people to send money instantly anywhere around the world with no regard for national borders with negligible fees. Bitcoin is increasingly being used for international remittances.
Micropayments and commerce online decentralized applications for finance cloud computing mess messaging and distributed governance are soon to come. Ethereum is a platform that is specifically designed for people to build these kinds of decentralized applications or apps for short. The theory and clients which we are calling the ether browser will include the ability and peer to peer network for sending messages and a generalized blockchain with a built-in programming language allowing people to use the blog chain for any kind of the centralized application that they wants to create Ethereum can be used to build financial applications that are fully trustworthy and transparent because they run on the blockchain online. Cryptographically secure system is for managing your property and contracts social networking and messaging systems that allow users to maintain control of their own data systems for trading underutilized computational resources like S.P. you time and hard drive space and eventually tools for online voting and distributed governance and the most exciting applications of receive theory are probably the ones that we have not even thought of.
As with all new platforms for innovation like the protocols that underlie the Internet itself, it is not always easy to predict what they're going to be used for.
Gmail Facebook Twitter Instagram and the modern internet as a whole are all or assaults of or weeds of elements in the worldwide web and JavaScript's the programming language of the Worldwide Web. From the 1990s. Similarly by providing a universal programmable blockchain and packaging it up into a client that anyone can use. Ethereum project hopes to do the same for finance peer to peer commerce distributed governance and human collaboration as a whole.
