Ethereum Timeline: A Brief History from 2013-18
Vitalik Buterin had worked on various Bitcoin projects before a 19 years old programmer from Toronto thought of Ethereum. The platform was ideally developed for robust blockchain applications.
Since Vitalik worked on Bitcoin blockchain projects, he faced number of issues while working.
Bitcoin blockchain initially perceived as a medium for financial transactions / applications but Vitalik realized blockchain can perform more than just transactional computations.
Vitalik got introduced with the Bitcoin and blockchain technology right in the year of its launch i.e. 2011. He started a Bitcoin Magazine the very same year. Through this magazine, he shared his views on digital future. Later, he worked on Mastercoin and other alternate coins with Bitcoin codebase. This work was a pushing factor for him as he knew the scope of Bitcoin is limited.
Ethereum Whitepaper 2013A whitepaper of Ethereum launched in 2013 illustrating the new protocol of decentralized applications.
The key difference between Bitcoin and Ethereum was the platform’s ability in trading more than just a cryptocurrency.
Official Announcement in 2014An official announcement of Ethereum had made. Also the team expanded. Along with Vitalik, Dr. Gavin Wood and Joseph Lubin were developing the blockchain platform.
Ethereum yellow paper released by Wood which showcased how Ethereum Virtual Machine (EVM) will execute smart contracts. Lubin on the other hand, founded Consensys, a studio for decentralized apps.
Ether Crowdsale 2014In July 2014, Ethereum Foundation conducted a crowdsale where they sold 60 million of their tokens. For expansion, development and marketing activities, the foundation created 12 million Ether tokens.
First Live Release of Ethereum 2015Frontier was the first live release or a product of the network which helped developers interact and develop apps over the network in 2015.
Hence, Vitalik thinks Ethereum is the solution of all problems or use cases of blockchain.