27 Year Old Russian Dropped Out Of College And Became The World’s Youngest Crypto Billionaire Usman Aslam Written by Usman Aslam May 7 · 1 min read
In recent news, a Russian programmer named Vitalik Buterin has been officially crowned as the world’s youngest crypto billionaire after the digital currency Ethereum surged above a $3000 price mark.
Ethereum is a technology that uses a decentralized payment network to allow payments to be sent anonymously.
Buterin, aged 27, was one of the people behind Ethereum which is currently the second biggest cryptocurrency after Bitcoin. Ethereum has generated a lot of flair due to the fact that the transaction times are much faster as compared to Bitcoin. He is one of the eight people behind the cryptocurrency which currently has a huge market cap of about $350 billion i.e. bigger than The Bank of America.
The young programmer started his journey when he received his first computer and instead of playing video games he developed a fascination with the spreadsheets on Microsoft Excel and became a prodigy in mathematics. According to his former peers, Buterin had the ability to add three digits in his head twice as fast as the average human being.
The young prodigy dropped out of the University of Waterloo in 2013 in order to learn more about the world of cryptocurrency. By the age of 19, Buterin came up with the design of Ethereum in a white paper. Through this, the aim was to create a general scripting language to develop blockchain-based applications.
By 2014, the first Ethereum network was crowdfunded and went live in 2016 hence generating a supply of 72 million Ether coins. Similar to Bitcoin, Ethereum runs its own blockchain in order to transfer information or value.
Through Ethereum, Buterin has envisioned a payment network that allows anonymous payments to be sent across the internet without dependency on any bank. This is probably the sole reason why few government authorities do not trust such payment methods. However, many see it as the next big thing as The European Investment Bank aims to issue a digital bond on the Ethereum blockchain.
1
SHARE
FacebookTwitterLinkedInWhatsAppGmail
cryptocurrecy Ethereum Vitalik Buterin
Usman Aslam
Written by Usman Aslam
A tech enthusiast, writer, researcher and strategist working on the latest technologies and making an impact. Usman has been heavily focused on building communities, empowering people through technological trends and advancements for over 3+ years including many notable names such as IEEE Region 10, TEDx, Google Developers, United Nations Programmes, Microsoft Partner Program and much more. Reach out: [email protected]
Share
Reply
0 Comments
Popular Posts
How to boost gaming performance on your Android phone
FIA arrests cellular companies’ employees part of a gang illegally activating SIM cards
President Alvi invites opposition for electric voting demonstration to assure that rigging is not possible
K-Electric partners with Foodpanda and Befiler
Amazon’s Pakistani employees convinced the retail giant to allow Pakistani sellers, Badar Khushnood
YouTube to give $100 million to the most popular creators on “Shorts”, its answer to TikTok
in News, Social Media
May 16, 2021 ·
Twitter urges users to enable ad tracking after Apple’s App Tracking Transparency rules
in News, Social Media
May 16, 2021 ·
Intel Uses Machine Learning To Make GTA V Look Highly Realistic
in News, Technology
May 13, 2021 ·
Follow us on
Up Next:
Guess which country bloc
