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After three years of Ethereum how close are we to Web 3.0? » Brave New Coin

01 Aug After three years of Ethereum how close are we to Web 3.0? » Brave New Coin

Posted at 03:18h in Ethereum News by

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While working with the Mastercoin team (now called Omni) in Israel in 2013 Vitalik suggested some improvements to the project to make the protocol more generalized to support more contracts. Moreover, he saw a major flaw in its scripting language which was not Turing complete.

Although appreciated, his suggestions weren’t implemented by the Mastercoin team, which left Vitalik to envision the Ethereum Virtual Machine:

After sketching his ideas for a new cryptocurrency on Bitcoin Talk and other cryptocurrency forums, Vitalik was soon joined by other programmers wanting to contribute to the project, among them Charles Hoskinson, the founder of Cardano, Jeffrey Wilcke and Gavin Wood who can claim to be among the co-founders of Ethereum.

Vitalik has said “Gavin can also be largely credited for the subtle change in vision from viewing Ethereum as a platform for building programmable money, with blockchain-based contracts that can hold digital assets and transfer them according to…

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