Channel: TIME

Category: Science & Technology

Description: Vitalik Buterin, the most influential person in crypto, didn’t come to Denver to party. He doesn’t drink or particularly enjoy crowds. Not that there isn’t plenty for the 28-year-old creator of Ethereum to celebrate. Nine years ago, Buterin dreamed up Ethereum as a way to leverage the blockchain technology underlying Bitcoin for all sorts of uses beyond currency. Since then, it has emerged as the bedrock layer of what advocates say will be a new, open-source, decentralized internet. Ether, the platform’s native currency, has become the second biggest cryptocurrency behind Bitcoin, powering a trillion-dollar ecosystem that rivals Visa in terms of the money it moves. Ethereum has brought thousands of unbanked people around the world into financial systems, allowed capital to flow unencumbered across borders, and provided the infrastructure for entrepreneurs to build all sorts of new products, from payment systems to prediction markets, digital swap meets to medical-research hubs. Read more about Ethereum: ti.me/3qhywsI Subscribe to TIME’s YouTube channel ►► ti.me/subscribe-time Subscribe to TIME: ti.me/3KN2LiS Get the day’s top headlines to your inbox, curated by TIME editors: ti.me/the-brief Follow us: Twitter: ti.me/3KN2M6q Facebook: ti.me/3KPrjbk Instagram: ti.me/3MTdiv2