Ethereum celebrates its first 7 years of life

Key facts:
  • The value deposited in the network exceeds USD 56 billion.

  • In Ethereum inhabit platforms of finance, collectible tokens and video games, among others.

This Saturday marks 7 years since Ethereum was launched. It was on July 30, 2015 when the genesis block of this general purpose network specialized in smart contracts was mined.

But it was 2 years earlier when Ethereum was born in the mind of the young Russian-Canadian developer Vitalik Buterin. As reported by Criptopedia (educational section of CriptoNoticias), this computer science specialist was involved in the development and dissemination of Bitcoin technology.

Buterin longed for Bitcoin to have a Turing-complete language., that is, that it could be programmed in this network. But the developers and the community around the cryptocurrency created by Satoshi Nakamoto did not give his proposal a good reception. They argued that it was preferable to keep Bitcoin simple in order to reduce potential attack vectors.

Far from abandoning his idea, Buterin began to develop, together with a group of programmers, his own decentralized network. This would take some elements of the already existing Bitcoin, but would add particular characteristics to it.

To the date, Ethereum Hoards Over $56 Billion of Value Locked in Decentralized Applicationsas can be seen on the website defillama.com. Finance platforms, non-fungible token (NFT) marketplaces, video games, social networks and databases are just some of the applications that make life on Ethereum.

Throughout this Saturday, July 30, CriptoNoticias will publish several reports about Ethereum on its anniversary. They will contain the opinions of various figures from the world of cryptocurrencies, who shared with us their impressions of the network co-created by Vitalik Buterin.

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