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1. Beginner Course

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  1. 1. What are these cryptocurrencies?
  2. 2. Bitcoin - the story of a technological revolution
  3. 3. Satoshi Nakamoto, who is the creator of Bitcoin?
  4. 4. Vitaly Buterin – the creator of Ethereum
  5. 5. What is Blockchain, and how does it work?
  6. 6. What is an NFT token?
  7. 7. What is money?
  8. 8. Cryptocurrencies vs fiat money, which will win?
  9. 9. What is DeFi (Decentralized Finance)?
  10. 10. DeFi: opportunities, advantages and disadvantages of decentralized finance
  11. 11. What is an altcoin?
  12. 12. Stablecoins - What are they?
  13. 13. Cryptocurrency wallet - what is it?
  14. 14. Why do we talk about bull and bear markets?
  15. 15. Security in the crypto market - what rules are worth following?
  16. 16. What is the seed phrase in cryptocurrencies?
  17. 17. Dogecoin and memecoin - what are they?
  18. 18. What is a Ponzi scheme?
  19. 19. What is Ethereum? 
  20. 20. What is a soft and hard fork?
  21. 21. Blockchain - examples of use
  22. 22. Is blockchain safe?
  23. 23. Smart Contracts - what are they?
  24. 24. Liquidity pools in the cryptocurrency market
  25. 25. What is cryptocurrency mining?
  26. 26. What is the mining difficulty?
  27. 27. Inflation and its effects on financial markets
  28. 28. What is compound interest, and how does it work?
  29. 29. Cryptocurrency wallet diversification
  30. 30. Blockchain and NFT games - how to make money on them?
  31. 31. Decentralized Apps – what are they?
  32. 32. What is Proof of Work (PoW) and what is Proof of Stake (PoS)?
  33. 33. What is the Proof of Authority (PoA) consensus mechanism?
  34. 34. What is Proof of Burn (PoB)?
  35. 35. What is CBDC - central bank digital money?
  36. 36. What is Cryptocurrency Airdrop all about?
  37. 37. What are the types of blockchain networks?
  38. 38. Key differences between ICO, IEO and STO
  39. 39. What is IoT - the Internet of Things?
  40. 40. What is the difference between Circulating Supply and Total Supply?
  41. 41. Everything you need to know about gas fees in Ethereum!
  42. 42. The most important cryptocurrency acronyms/slang you need to know!
  43. 43. Halving Bitcoin - what is it, and how does it affect the price?
  44. 44. What is the Fear and Greed index for cryptocurrencies?
  45. 45. APR versus APY: what is the difference?
  46. 46. Snapshot from the world of cryptocurrencies - what is it?
  47. 47. Know your customer (KYC) and Anti-money laundering (AML) what are they in the cryptocurrency industry?
  48. 48. What is a whitepaper? What is its purpose, and how do you write it?
  49. 49. How do you transfer cryptocurrencies?
  50. 50. What is EURT? How does it work?
  51. 51. What is Regenerative Finance (ReFi)?
  52. 52. Bitcoin Pizza Day
  53. 53. What Is Stagflation and Why Does It Have a Negative Impact on the Market?
  54. 54. What are decentralized DAO organizations, and how do they work? What are DAO tokens?
  55. 55. CyberPunks - the story of the most popular NFT collection in the crypto industry!
  56. 56. AI blockchain - a new look into the future?
  57. 57. The Bored Ape Yacht Club (BAYC) - the story of the popular NFT collection!
  58. 58. Who is Changpeng Zhao, CEO of Binance?
  59. 59. What is blockchain network congestion, and how does it work?
  60. 60. Azuki NFT collection guide: everything you need to know about it!
  61. 61. Who Is Craig Wright, the Alleged Creator of Bitcoin?
  62. 62. What Is Bitcoin (BTC.D) Dominance?
  63. 63. What Are Privacy Coins and Are They Legal?
  64. 64. What is an Initial Farming Offer (IFO)?
Lesson 4 of 64
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4. Vitaly Buterin – the creator of Ethereum

Vitaly Vitalik Buterin—the creator of Ethereum, was born in Russia in 1994. Son of Dmitry Buterin and Natalia Ameline, lived in Russia until the age of 6 in the city of Kolomno, located in the Moscow region. In 2000, he and his family immigrated to Canada. They settled in Toronto. Vitalik since childhood showed above-average abilities. In the third grade of elementary school, he was assigned to gifted students. He led the way in mathematics, computer science and economics.  In high school, his intelligence also surpassed that of his peers, and it was then that he discovered his passion for programming.  This resulted in a bronze medal at the International Computer Science Olympiad (2012). 

All because of World of Warcraft…?

World of Warcraft was one of the programmer’s favourite games. He even had a favourite spell called Siphon Life. One day, the game’s developer decided to remove some of the damage that this spell did. Blizzard Entertainment’s decision only reinforced Buterin’s belief that centralized external bodies negatively affect institutions. Not only IT systems. The programmer often recalls the event, saying that it was then that he realized the limitations of centralized services.

Since childhood, Vitalik has manifested an entirely different value system than his peers. Another example would be the robotics competition he participated in. It was there that Buterin stated that he would give “added value” to each robot. What did he mean? That each of the mechanisms designed there could be equipped with artificial intelligence and be useful to the world. 

Ethereum – the beginnings

In 2011, his adventure with Bitcoin began. His interest in this cryptocurrency was so great that he even started working on co-founding Bitcoin Magazine. It was the premier cryptocurrency magazine that featured publications on digital assets. In addition to his writing, Vitalik has also worked for Dark Wallet, Egora.  In 2012, he decided to start studies at the University of Waterloo. However, he dropped out of education quickly – in 2013. Sources disagree on the reason for his leaving the University. Some say it was disappointment caused by the level of education. Others believe that the Thiel scholarship he received was behind his decision.

Back in 2013, he started working on Ethereum. The initial idea of the Ethereum project was to update the Bitcoin protocol to allow it to perform more complex tasks than “simple” value exchange transactions. This idea was not appealing to the Bitcoin team because they thought BTC was just fine. For Vitalik, Bitcoin’s scripting language was a dealbreaker, so he set about creating his own blockchain ecosystem using the Turing Complete language to enable all sorts of decentralized applications through smart contracts. The conception of the idea was very time-consuming. The creator himself admits that he dedicated his life to the project. 

 In 2013, Vitalik had his moment. This time he was the one who issued a manifesto in which he introduced Ethereum to the whole world. His idea – a platform aimed at developers of decentralized applications and to create smart contracts. Programmers enthusiastically embraced the project, but Stephan Tuala – a cryptocurrency enthusiast – also showed his interest. As a result, he joined the developer’s team.

Surprisingly – Vitalik’s manifesto did not receive any negative feedback. It really disappointed the programmer, as he really hoped for some constructive criticism. Feedback was valuable to him because it would allow him to eliminate any inaccuracies right away. However, none of this happened. His basic idea was so good that everything was in its place. 

For his work, contributions and dedication to the project, the genius received a $100,000 award and a Thiel 2014 membership. 

He first spoke about his project at the Bitcoin conference in Miami. His speech was so passionate that he was rewarded with a long ovation. Followers of the project were convinced, that it was another milestone in the future.


To fund the Ethereum project, in early 2014, Vitalik held one of the first ICO ( Initial Coin Offering) fundraisers in the history of cryptocurrencies and put the first Ether on pre-sale, raising 31,591 bitcoins worth $18 million. 60 million Ether were sold at $0.3 a piece!

Ethereum Switzerland GmbH (ETHSyusse), the company that was responsible for the creation of the Ethereum Blockchain in 2015, was overseen by Joseph Lubin. 

Despite what it is often said, Vitalik proposed the Ethereum project at very young age. But on the technical side, Gavin Wood (Polkadot) and Joseph Lubin (Consensys) were responsible for its development.

The original source of jealousy?

As he stated in his 2018 tweet, he never owned more than 1% of the total amount of ETH, yet many have criticized him. That’s probably why he announced in 2020 that he sold his ETH at $700 without specifying the exact date of the sale.


23/03/2022 Vitalik Buterin was chosen by TIME to be the cover of its (first) fully decentralized magazine. The issue available as NFT devotes a long interview with the Father of Ethereum, during which Buterin expresses some of his concerns. According to him, high transaction costs are preventing wider uptake of the Ethereum blockchain.

“The goal of crypto is not to play games with images of monkeys costing millions of dollars, but to do things that have significant consequences in the real world. […] One of the decisions I made in 2022 is to try to take more risk and be less neutral. I would rather see Ethereum offend some people than turn into something that doesn’t represent anything.”

Vitalik Buterin, TIME

Numerous awards

Vitalik is a very young programmer, but he has quite a background of his own. Including countless awards:

Thiel Scholarship

World Technology Award in the IT Software category

Fortune 40 list under 40 

Forbes 30 list under 30 

Fortune book 40 list under 40

Honorary doctorate from the University of Basel 

TIME 100 


Vitalik is an important person in the cryptocurrency world who believes in his project and keeps developing it. Ethereum without Vitalik is not the same; this is even confirmed by the fraud surrounding his death in 2017. In just 3.5 hours – until the scam was exposed – the price of Ethereum fell by 20%. Vitalik Buterin is an excellent programmer and a modern visionary. For many years, he has been heavily involved in the cryptocurrency community, and he finds himself excellently involved in it. What else will he surprise us with in the near future?

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