Crypto Stories: Gavin Wood discusses why he decided to code Ethereum

Gavin Wood is one of the founding fathers Ethereum (ETH). He was part of a group headed by Vitalik Buterin, which set out to create Bitcoin’s rival. Wood was the computer scientist who created the first smart contracts on the Ethereum blockchain in 2014. Wood spoke exclusively to Cointelegraph and admitted that he was just looking for a job at the time.

He was a self-described “technologist at heart”, and knew that coding was his calling. From an early age, he switched from building LEGO bricks to writing code blocks.

The Silk Road was the online black market where he first encountered Bitcoin. It ran from 2011 to 2013. Wood said that the cryptocurrency initially “took his interest” because it was “a pure algorithmic mechanism for human cooperation, interaction” that Wood says “allows us to create social structures that aren’t yet seen.”

Wood realized that there was a job opening for him, and he started networking. Wood was hired to help Buterin transform Ethereum from a white paper into a functioning blockchain after a meeting with Johnny bitcoin. His goal in creating Ethereum was to make society better.

“This technology is being used for building the new world, the world that will drive human civilization for at least the remainder of the century.”

Similar: Crypto Stories: Vitalik Buterin discusses creating Ethereum in a previously unreleased interview from 2014.

The video ends with Wood’s words from a July 2014 interview in Hong Kong. In which Wood suggested to Cointelegraph, that Ethereum could replace economic institutions. Eight years later, financial and economic institutions are being disrupted by Ethereum and the ever-evolving blockchain and cryptocurrency technology.

Wood eventually left the Ethereum development team to found Polkadot, a multi-chain sharded protocol. Kusama (KSM) was used as a test network for the Polkadot blockchain.

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