AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
With Ethereum, anyone can create and deploy self-executing programs such as NFTs, Decentralized finance (DeFi), and the metaverse, among other use cases. It took close to two decades to finally come to fruition. It is worth noting that Buterin did not conceive the concept of smart contracts, but rather the idea was first proposed in the 1990s by Nick Szabo, a renowned computer scientist, legal scholar, and cryptographer. To aid in the development of the Ethereum-based smart contracts, the project’s core developers created a new programming language called Solidity, which is based on the popular C++, Python, and JavaScript languages. Essentially, these contracts are preloaded to a decentralized network, and once a set of conditions designed to trigger them are realized, they execute autonomously. These are only the individuals that joined Buterin in the early stages, but over time, the project attracted several other developers.Įthereum was launched as a platform for creating and deploying smart contracts, which are defined as autonomously executing instructions deployed on a blockchain. Some of these individuals include Charles Hoskinson, Joseph Lubin, Gavin Wood, Mihai Alisie, and Amir Chetrit. In the whitepaper, Buterin made the case that Bitcoin’s ( BTC) functionality could be expanded to allow for the development of smart contracts.Ī few individuals joined him in developing what would later be called Ethereum. Among its lead developers was the author of the project whitepaper, Vitalik Buterin. Ethereum (ETH) is an open-sourced public blockchain network launched in July 2015, about two years following the publication of its whitepaper.
0 Comments
Read More
Leave a Reply. |