How did the creator of Ether come up with the idea and what problem does it aim to solve in the digital currency space?

3 answers

• Nov 28, 2021 · 3 years ago
  Well, the creator of Ether, Vitalik Buterin, came up with the idea by recognizing the limitations of Bitcoin. While Bitcoin was revolutionary in introducing decentralized digital currency, it lacked the ability to execute smart contracts and build decentralized applications. This led Buterin to envision a platform that would enable developers to create and deploy smart contracts on a blockchain. The problem Ether aims to solve is the lack of programmability in traditional cryptocurrencies, allowing for the creation of decentralized applications and the execution of complex transactions.
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• Nov 28, 2021 · 3 years ago
  The idea behind Ether originated from Vitalik Buterin's deep understanding of blockchain technology and his desire to expand its capabilities. He saw the need for a more versatile and programmable blockchain platform that could support decentralized applications and smart contracts. By introducing Ether, Buterin aimed to address the limitations of existing digital currencies and provide developers with a platform to build innovative applications that can revolutionize various industries.
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• Nov 28, 2021 · 3 years ago
  Ether, the brainchild of Vitalik Buterin, was conceived as a solution to the limitations of Bitcoin. While Bitcoin served as a decentralized digital currency, it lacked the ability to execute complex transactions and support programmable applications. Buterin recognized this gap and envisioned a blockchain platform that would allow for the creation of smart contracts and decentralized applications. This led to the development of Ether, which aims to empower developers and enable the creation of a new wave of decentralized applications and services.
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