Ethereum Celebrates its Third Birthday, a Look at its Past and Future

Ethereum: A Brief History

Ethereum began as a network to provide solutions to the issues created by Bitcoin. Ethereum’s co-founder, Vitalik Buterin, explained his reasoning behind creating Ethereum, saying:

“I thought [those in the Bitcoin community] weren’t approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each [use case] in a sort of Swiss Army knife protocol.”

Ethereum Network’s Next Steps:-

Buterin said, “The demand for using public blockchains is high and we need to up the stability in order the meet that demand.”

The team discussed the highly anticipated Casper upgrade to be rolled out throughout 2019 to build Ethereum 2.0, and then to move forward with Ethereum 3.0 in the following years, which would enable quantum secure systems that can withstand the computing power of quantum computers.