The founder of Ethereum, Vitalik Buterin has received an honorary doctorate from the University of Basel due to his “outstanding achievements in the fields of cryptocurrencies, smart contracts and the design of institutions.”
The faculty of Business and Economics has awarded the honorary doctorate to the well-known cryptocurrency figure which was announced on Twitter last week which you can see here:
.@VitalikButerin receives an honorary doctorate from the Faculty of Business and Economics of the University of Basel. The co-founder of @ethereum has made outstanding achievements in the fields of #cryptocurrencies, smart contracts and the design of institutions. pic.twitter.com/6d6ftTG56n— University of Basel (@UniBasel_en) November 30, 2018
They also noted that Buterin “makes [a] ground-breaking contribution to promoting decentralisation and equal participation in the digital revolution. He is an exceptionally creative and innovative thinker who has been instrumental in shaping the digital revolution from an early age.”
In response to being honoured with the doctorate, Buterin said:
“I’m honoured to have received an honorary doctorate from the University of Basel, the oldest University of Switzerland. Switzerland is well known for its innovative blockchain research.”
Nearly five years to the day, Ethereum published its whitepaper titled “Ethereum: A Next Generation Smart Contract & Decentralized Application Platform”. In this time, it has managed to create a platform for decentralised software applications.
There are several decentralised applications on Ethereum which includes, Civic, Golem, CryptoKitties, FunFair, AirSwap, Bancor and many more. Across the globe, there are several more being developed, with developers working on the next decentralised applications to further demonstrate the potential of Ethereum.
CryptoKitties was the first dApp which stood out for the need for Ethereum to find a solution to scale. Last year, it was reported that the cat game would be accounted for 13 percent of the network's transactions.
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