Ethereum’s Founder on What Crypto Can — and Can’t — Do

When most people hear “crypto,” the first thing they think of is “currencies.” Cryptocurrencies have skyrocketed in popularity over the past few years. And they’ve given rise to an entire ecosystem of financial speculation, get rich quick schemes, and in some cases outright fraud. But there’s another side of crypto that gets less attention: the segment of the community that is interested in the way the technology that powers crypto can decentralize decision making, make institutions more transparent and transform the way organizations are governed. That’s the side I find far more interesting. There are few individuals as central to that latter segment of crypto as Vitalik Buterin. When he was still just a teenager, Buterin co-founded Ethereum, a decentralized platform whose token Ether is the second most valuable cryptocurrency today, surpassed only by Bitcoin. But the vision behind Ethereum was that the blockchain technology could be used for more than digital money; it could create a sort of digital i