Who is Vitalik Buterin? Breaking Down the Ethereum Network from Shiba Inu to Caged Beasts
Vitalik Buterin is most known for co-founding and creating Ethereum (ETH), a ‘decentralized mining network and software development platform.’ This network enables the creation of new cryptocurrencies, which is where projects like Shiba Inu (SHIB) and Caged Beasts (BEASTS) step in. So, who really is Vitalik Buterin? How did Ethereum (ETH) come about?
Vitalik Buterin believed that Bitcoin needed a scripting language for application development; however, despite his best efforts, he failed to gain agreement. As a result, Buterin launched into developing a new platform where he could recreate the decentralized finance of Bitcoin (BTC), this time with a more general scripting language included. In November 2013, the Ethereum (ETH) whitepaper was released, and it quickly gained popularity. The potential uses for Ethereum (ETH) seem to be endless; from DAOs to decentralized exchanges, Ethereum’s base Layer-1 network has become a root for some incredible projects.
From Vitalik Buterin to Shiba Inu
In the same year as Ethereum (ETH), meme coin Dogecoin (DOGE) sprung onto the scene. Originally made as a joke on Bitcoin’s apparent lack of utility, this coin gained quick traction in the crypto scene and made many lucky early investors millionaires. Dogecoin-inspired projects soon popped up, one of which was built on Ethereum’s blockchain so that it could run smart contracts. This coin became the top 20 Shiba Inu (SHIB) that we know and love today.
The anonymous group Ryoshi created Shiba Inu (SHIB) in August 2020 as a satirical take on the popular Dogecoin, using the dog breed of the ‘doge’ meme as its name. Shiba Inu (SHIB), coined the ‘Dogecoin killer,’ has skyrocketed and surpassed most onlookers’ expectations. In an exciting new turn, the project has announced that SHIB The Metaverse will be built. Shibarium, Shiba Inu’s highly anticipated Ethereum Layer-2 (L2), will host this new metaverse project – providing something new and exciting to the meme coin market.
Brea k Free – Caged Beasts!
Also hoping to shake things up is the new project, Caged Beasts (BEASTS), which, like Shiba Inu (SHIB), is built on the Ethereum network. This project is a metaphor for Caged Liquidity, as 75% of all funds will remain caged until the project’s release date. Everyone in the community can see their funds locked up tight.
We all know how the world of finance can make us feel like ‘caged beasts’ ourselves, which is why people like Vitalik Buterin fought for an alternative option. Decentralized finance breaks through the ‘cage’ of traditional banking, and this project has taken on that image in a creative and innovative way.
Within this crypto project’s storyline, RABBIT 4001 injects a new caged animal with mutagens at each stage of the presale. From this injection, the animals will grow into bloodthirsty beasts, depending on the amount of funds raised at each stage. Eventually, the beasts will be ready to break free of their cages – either choosing to save the world or destroy it! To keep up to date with the presale stage 1 and when it launches, head over to the website and register for email updates!