At 27, Ethereum Co-Founder Became The Youngest Cryptocurrency Billionaire

(Agence Ecofin) – ETH, the Ethereum blockchain cryptocurrency, set a new all-time high of over $ 3,200 on Monday. If performance is popular with many asset holders, Vitalik Buterin, the co-founder of Ethereum, is probably rubbing his hands together.

Vitalik Buterin, co-founder of the Ethereum blockchain, became the youngest “cryptocurrency billionaire” in the world at the age of 27. It uses an all-time record hit by air at the start of the week, which surpassed the $ 3,000 mark on Monday, up 325% since the start of the year. Although he currently owns 333,520 ETH, his core portfolio is $ 1.09 billion, based on the $ 3,278 price reached by Ether at 1:30 pm on Monday.

Vitalik Buterin was born in 1994, Russian-Canadian programmer. He first proposed the design of the Ethereum platform in 2013 at the age of 19. The development of the first Ethereum network was funded in 2014, and the first version launched in 2015 with an initial supply of 72 million Ether coins.

Today, ETH is the second largest cryptocurrency after Bitcoin with a market cap of over $ 350 billion. As Ecofin explained on Monday, the new rally, kicked off by ether, began after it was revealed last week that the EIB would use the Ethereum blockchain to issue € 100m worth of digital bonds. In addition, Ethereum wants to launch a long-awaited update to Ether 2.0 that will fix the main shortcomings of the current version to make it more efficient and faster. Other factors also include the fact that it serves as a platform for other applications that are gaining popularity in the cryptocurrency industry, namely DeFi and NFT.

Louis Nino Kansun

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