From Ethereum Development to Web 3.0 Creation; How did Gavin Wood get acquainted with cryptocurrencies?

From Ethereum Development to Web 3.0 Creation; How did Gavin Wood get acquainted with cryptocurrencies?

From Ethereum Development to Web 3.0 Creation; How did Gavin Wood get acquainted with cryptocurrencies?
From Ethereum Development to Web 3.0 Creation; How did Gavin Wood get acquainted with cryptocurrencies?

Many people know Ethereum as Vitalik Buterin, but he is not the only founder of this blockchain network. Among those who have worked with him in the past is Gavin Wood, who later left the team and took another steep path to work in the blockchain; But what about his acquaintance with cryptocurrencies and the Ethereum team?

According to the Cointelegraph, Gavin Wood, one of the founders of Ethereum, joined Vitalik Buterin’s group a few years ago to work with him to build a new rival to Bitcoin. Wood is a computer scientist and author of the first Ethereum blockchain intelligent contract in 2014. In a recent interview, he admitted that he only needed one job at the time, so he joined the Ethereum team.

He introduces himself as someone who loves technology with all his being. Wood knew from the beginning that he wanted to continue programming, which is probably why he started writing blocks of code at a young age, from making LEGO plastic bricks.

He first became acquainted with bitcoin through the Silk Road project. The Silk Road was an online black market for the sale and purchase of various drugs, which operated from 2011 to 2013. According to Wood, he became interested in cryptocurrencies when he realized that the system had fulfilled his dream of “creating a mere algorithmic mechanism for communicating and interacting between humans.” In addition, he argues, “this system makes it possible to create social structures that no human has yet seen.”

He came to the conclusion that he might be able to get a job in this field, so he started looking. After meeting with Johnny Bitcoin, Wood was hired to help Buterin work together to turn the Ethereum White Paper into an efficient blockchain. He hoped that by creating an Ethereum he could bring about positive change in society.

Gavin Wood said:

This technology is used to build a new world; A world that will lead human civilization, at least until the end of this century.

He told a conference in Hong Kong in July 2014 that Ethereum could be replaced by economic institutions. Almost eight years after his speech, not only Ethereum, but also the evolving technology of cryptocurrencies and the blockchain has reached a point where it is following in the footsteps of large economic institutions such as banks.

Wood eventually left the Ethereum team and founded the Polkadot and Kusama. Polkadot is divided to a multi-chain protocol, and Kusama is a platform for testing the performance of Polkadot’s core blockchain. Wood is currently managing the Web 3.0 Foundation, and many consider him the creator of the third generation of the Web.

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