10 Years of Blockchain Innovation
The post 10 Years of Blockchain Innovation appeared on BitcoinEthereumNews.com. 10 years ago, Ethereum launched with a promise to reinvent the internet. Today, it is the engine behind a $75 billion decentralized economy, powering everything from meme coins to multi-billion-dollar institutional finance. What began as a whitepaper by a teenage cryptographer is now the world’s programmable financial backbone. This retrospective traces Ethereum’s defining breakthroughs, crises, and transformations—and asks what the next decade holds for the chain that never sleeps. The Ethereum Genesis: Building a World Computer Ethereum’s story began in 2013, when Vitalik Buterin envisioned a blockchain far more versatile than Bitcoin. Alongside Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin, Buterin proposed a decentralized world computer, capable of executing smart contracts and hosting trustless applications. By mid-2014, Ethereum raised over $18 million in its presale. On July 30, 2015, the genesis block was mined, ushering in a new era of blockchain programmability. Buterin’s whitepaper introduced smart contracts, self-executing code that automates agreements without intermediaries. It wasn’t just a technical leap; it was a philosophical shift toward decentralized coordination at scale. With only hours left to Ethereum’s ten-year anniversary, all this history comes to mind, with co-founder Joseph Lubin among bearers of the ceremonial NFT Torch. I am honored to be asked to be a torch bearer for the run up to the 10th anniversary celebration of Ethereum’s launch and non-stop, essentially flawless, operation of the protocol — even as the protocol underwent many major upgrades “in flight” – without missing a block. pic.twitter.com/kkf7937wnz — Joseph Lubin (@ethereumJoseph) July 21, 2025 The DAO Hack: Crisis and Fork Ethereum’s first existential crisis came swiftly. In 2016, The DAO—an early decentralized venture fund—raised $150 million in ETH. However, a vulnerability in its smart contract allowed an attacker to siphon 3.6 million ETH, worth around $11 billion at the time.…
The post 10 Years of Blockchain Innovation appeared on BitcoinEthereumNews.com.
10 years ago, Ethereum launched with a promise to reinvent the internet. Today, it is the engine behind a $75 billion decentralized economy, powering everything from meme coins to multi-billion-dollar institutional finance. What began as a whitepaper by a teenage cryptographer is now the world’s programmable financial backbone. This retrospective traces Ethereum’s defining breakthroughs, crises, and transformations—and asks what the next decade holds for the chain that never sleeps. The Ethereum Genesis: Building a World Computer Ethereum’s story began in 2013, when Vitalik Buterin envisioned a blockchain far more versatile than Bitcoin. Alongside Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin, Buterin proposed a decentralized world computer, capable of executing smart contracts and hosting trustless applications. By mid-2014, Ethereum raised over $18 million in its presale. On July 30, 2015, the genesis block was mined, ushering in a new era of blockchain programmability. Buterin’s whitepaper introduced smart contracts, self-executing code that automates agreements without intermediaries. It wasn’t just a technical leap; it was a philosophical shift toward decentralized coordination at scale. With only hours left to Ethereum’s ten-year anniversary, all this history comes to mind, with co-founder Joseph Lubin among bearers of the ceremonial NFT Torch. I am honored to be asked to be a torch bearer for the run up to the 10th anniversary celebration of Ethereum’s launch and non-stop, essentially flawless, operation of the protocol — even as the protocol underwent many major upgrades “in flight” – without missing a block. pic.twitter.com/kkf7937wnz — Joseph Lubin (@ethereumJoseph) July 21, 2025 The DAO Hack: Crisis and Fork Ethereum’s first existential crisis came swiftly. In 2016, The DAO—an early decentralized venture fund—raised $150 million in ETH. However, a vulnerability in its smart contract allowed an attacker to siphon 3.6 million ETH, worth around $11 billion at the time.…
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