However, another, arguably more important, part of the Bitcoin experiment is the underlying blockchain technology as a tool of distributed consensus, and attention is rapidly starting to shift to this other aspect of Bitcoin. Satoshi Nakamoto's development of Bitcoin in 2009 has often been hailed as a radical development in money and currency, being the first example of a digital asset which simultaneously has no backing or " intrinsic value" and no centralized issuer or controller. A Next-Generation Smart Contract and Decentralized Application Platform Researchers and academics seeking a historical or canonical version of the whitepaper should use this PDF. To learn about the latest developments of Ethereum, and how changes to the protocol are made, we recommend this guide. While several years old, we maintain this paper because it continues to serve as a useful reference and an accurate representation of Ethereum and its vision. It's worth noting that Ethereum, like many community-driven, open-source software projects, has evolved since its initial inception.
This introductory paper was originally published in 2014 by Vitalik Buterin, the founder of Ethereum, before the project's launch in 2015.
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