Home / Business / The creator of Ether Vitalik Buterin is the youngest crypto billionaire in the world.

The creator of Ether Vitalik Buterin is the youngest crypto billionaire in the world.

Ethereum founder Vitalik Buterin during TechCrunch Disrupt London 2015 – Day 2 at Copper Box Arena on December 8, 2015 in London, England. John Phillips / Getty Images for TechCrunch

Cryptocurrencies There was another fierce weekend, with several popular tokens soaring to record highs on Monday. Ether, the most widely used non-tradable cryptocurrency (NFT) that has boomed in recent months, is worth more than $ 3,200 on Monday, giving its creators: Vitalik Buterin, a billionaire Russian-Canadian programmer.

As of Monday, Buterin’s public ether address, which he said in 2018 was his primary crypto wallet, had $ 333,500 of Ether worth $ 1.029 billion. Justin Trimmble, a self-described NFT collector on Twitter, Buterin, 27, is the youngest crypto billionaire in the world.

Buterin is regarded as one of the founding members. cryptocurrencies And other blockchain applications that we get to know today, Buterin offers the first design of the Ethereum platform in a white paper. In 2013, at the age of 19, aiming to create a common scripting language to develop blockchain-based applications. The first development for the Ethereum network was funded in 2014 and the first version went live in 2015 with a supply of 72 million Ether, the platform’s original digital currency.

Ethereum is currently the most used blockchain and Ether is the second largest cryptocurrency after Bitcoin by market capitalization. cryptocurrencies The two have seen astronomical increases in 2020 and 2021 so far as the mainstream finance worlds, as well as institutional investors, have recognized crypto as a legitimate asset.

Years to date, Ether is more than four times the dollar value. It now has a market capitalization of $ 364 billion, higher than Bank of America, the second-largest bank in the United States.

Last week, Buterin donated more than 600,000 Ether and 100 Maker coins to the COVID-19 relief fund in India.

Ethereum's 27-year-old creator has become the youngest crypto billionaire in the world.

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