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Who Created Ethereum?

 

Bitcoin was already being developed in 2009 by Satoshi Nakamoto's team and gave hope to developers looking for alternative ways to transact online without relying on centralized third parties such as banks or e-commerce stores.

 

The idea for a blockchain platform with a more general scripting language began from Wood, who wanted to create a virtual machine that could execute scripts using an international network of public nodes.

 

Ethereum was first conceived in late 2013 by then 21-year old programmer Italic Buttering. He published the Ethereum white paper in late 2013, launching a pre-sale of Ethereum tokens during January 2014. The system went live on 30 July 2015.

 

The initial crowd sale raised more than $18 million, with the price of each Ethereum token rising from $0.311 to $19.262 in June 2017. About 400 individuals participated in the second-largest crowd sale ever (after Bitcoin), raising more than $15 million for the unknown start-up. 

 

On 28 November 2013, company co-founders Italic Buttering, Gavin Wood, and Jeff Dave thought up a new platform with a more general scripting language after seeing the rapid development of the top cryptocurrencies market

 

In 2014, Buttering won the World Technology Award for the co-creation and invention of Ethereum.