![11 critical moments in Ethereum’s history that made it the No.2 blockchain 11 critical moments in Ethereum’s history that made it the No.2 blockchain](https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2024/08/magazine-Ethereum-History-feature-scaled.jpg)
11 critical moments in Ethereum’s history that made it the No.2 blockchain
From Vitalik’s dad telling him about Bitcoin, through to the upcoming Pectra upgrade, these are the key moments in Ethereum’s life.
The history of Ethereum began more than a decade ago as a gleam in the eye of its creator, Vitalik Buterin, a gangly math genius frustrated by the limitations of Bitcoin who believed he could do something better with a blockchain.
Instead of cryptocurrency being solely a monetary asset, Buterin envisioned extending blockchain technology to the point where it became a global computer a platform that hosts decentralized applications, powered by smart contracts, with minimal need for human intervention or trust assumptions.
Fast forward to today, and Ethereum is the second-largest crypto asset in the world, underpinning a trillion-dollar ecosystem of dependent networks. Its the blockchain of choice for several of the worlds largest asset managers, as well as hundreds of thousands of daily users on the layer 1 and millions on connected L2s.
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Author: Raserei