Technology
The World's Youngest Crypto Billionaire Is A 27-Year-Old Russian Who Dropped Out Of College.
After the digital currency Ethereum soared over the $3000 price point, a Russian programmer named Vitalik Buterin was reportedly crowned as the world's youngest crypto billionaire.
Ethereum is a technology that allows payments to be sent anonymously through a decentralized payment network.
Buterin, who is 27 years old, is one of the creators of Ethereum, the second-largest blockchain after Bitcoin. Ethereum has gained a lot of traction as a result of its much quicker settlement times as compared to Bitcoin. He is one of the eight people behind the blockchain, which has a market capitalization of about $350 billion, making it larger than Bank of America.
The young programmer began his adventure when he got his first console, and instead of playing video games, he became fascinated with Microsoft Excel spreadsheets and became a math prodigy. Buterin, according to his former colleagues, could mentally add three digits twice as easily as the normal person.
In order to read more about the world of bitcoin, the teenage prodigy dropped out of the University of Waterloo in 2013. Buterin designed Ethereum in a white paper when he was 19 years old. The aim was to build a general scripting language that could be used to construct blockchain-based applications.
The first Ethereum network was crowdfunded in 2014 and launched in 2016, with a supply of 72 million Ether coins. Ethereum, like Bitcoin, has its own blockchain for transferring information and value.
Buterin envisions a payment network based on Ethereum that enables anonymous transfers to be sent over the internet without the need for a bank. This is most likely the sole reason why government officials are wary of such payment systems. The European Investment Bank plans to sell a decentralized bond on the Ethereum blockchain, which many see as the next big thing.
