Vitalik Buterin, who led the launch of the Ethereum blockchain in 2015, became the world’s youngest crypto billionaire at 27. this year.
De Buterin ether address, which he disclosed in October 2018 as his main ether wallet, currently holds 333,520 ETH, worth $ 1.09 billion at the ether price of $ 3,278 at 1:30 p.m. ET on Monday
The ether cryptocurrency has a market cap of $ 376 billion, just behind Bitcoin’s $ 1.08 trillion. Ether’s value has increased since the start of the year, largely due to the growing popularity of decentralized finance (DeFi) applications that aim to replace traditional financial intermediaries such as banks and insurance companies. . According to data aggregator DeFi Pulse, more than $ 72 billion is now locked into DeFi protocols, many of which are built on top of the Ethereum blockchain.
However, Ethereum faces stiff competition from Binance Smart Chain (BSC), the blockchain infrastructure developed by the world’s largest cryptocurrency exchange, which has averaged over 8 million transactions per day since the end of April ( Ethereum is just over 1 million). Other top blockchains include Algorand, Cardano, Polkadot, and Solana.
Buterin is said to have been born in 1994 in the city of Kolomna, just outside Moscow. He then moved to Canada with his family and grew up in Toronto. Prior to launching Ethereum, in 2012, when he was 18, Buterin co-founded (and wrote for) Bitcoin Magazine with Mihai Alisie, who later joined Buterin to found Ethereum. In 2014, Buterin was awarded the prestigious Thiel Scholarship, offering $ 100,000 to young people under the age of 23 to pursue interests outside of academia (instead of going to college or university). The scholarship is funded by billionaire Peter Thiel, an early investor in Facebook and a graduate of Stanford University. A year later, the Russian-Canadian entrepreneur and the rest of the development team launched Frontier, what they called the “Simple Ethereum Project Implementation.”
Last week, Buterin donated around $ 600,000 in Ether and Maker Tokens (MKRs) to a COVID-19 relief fund for India.
Buterin could not be reached for comment.
* With additional reporting by Steven Ehrlich