Crypto Stories: Gavin Wood discusses why he decided to code Ethereum

2 years ago

The latest occurrence of Cointelegraph's YouTube bid tells the communicative of Gavin Wood, co-founder of Ethereum and laminitis of Polkadot and Kusama networks.

 Gavin Wood discusses wherefore  helium  decided to codification  Ethereum

Among the archetypal founding fathers of Ethereum (ETH) is Gavin Wood, who joined a radical led by Vitalik Buterin that acceptable retired to physique Bitcoin's competition. Wood is the machine idiosyncratic who wrote the archetypal astute contracts for the Ethereum blockchain backmost successful 2014. In an exclusive interrogation with Cointelegraph, Wood admitted that astatine the time, helium conscionable needed a job.  

A self-described "technologist astatine heart" helium knew coding was his calling, and made the "obvious" power from gathering LEGO bricks to penning blocks of codification from an aboriginal age.

He archetypal discovered Bitcoin via The Silk Road, the online achromatic marketplace that ran from 2011 to 2013. The cryptocurrency primitively "took his fancy" for being "a purely algorithmic mechanics for quality practice and interaction," that according to Wood, "allows for the instauration of societal structures that we haven't seen yet."

He realized determination mightiness beryllium a occupation accidental for him and started networking. After a gathering with Johnny Bitcoin, Wood was hired with the task of helping Buterin instrumentality Ethereum from achromatic insubstantial to a functioning blockchain. His anticipation successful creating Ethereum was to impact alteration successful nine for the better.

"This is exertion that is being utilized to physique the caller satellite - the satellite that's going to thrust quality civilization for the remainder of this period astatine least."

Related: Crypto Stories: Vitalik Buterin talks creating Ethereum successful antecedently unreleased 2014 interview

The video ends with words by Wood from different interrogation astatine a July 2014 league successful Hong Kong, successful which helium suggested to Cointelegraph that economical institutions could beryllium substituted by Ethereum. Almost 8 years later, economical and fiscal institutions are so being disrupted not conscionable by Ethereum but by the perpetually evolving blockchain and cryptocurrency technology. 

Wood ended up leaving the improvement squad astatine Ethereum to yet recovered Polkadot (DOT), a sharded multi-chain protocol, and Kusama (KSM), utilized arsenic a trial web connected the Polkadot chain.

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