{"id":402,"date":"2024-03-07T14:07:02","date_gmt":"2024-03-07T14:07:02","guid":{"rendered":"https:\/\/www.cryptovalleypioneers.ch\/?p=402"},"modified":"2026-05-25T17:41:29","modified_gmt":"2026-05-25T17:41:29","slug":"seepromenade-ethereum-tree","status":"publish","type":"post","link":"https:\/\/www.cryptovalleypioneers.ch\/en\/seepromenade-ethereum-tree\/","title":{"rendered":"Seepromenade: Ethereum-Tree"},"content":{"rendered":"<div class=\"et_d4_element et_pb_section et_pb_section_0  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_0  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_0  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_0\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"744\" src=\"https:\/\/www.cryptovalleypioneers.ch\/wp-content\/uploads\/2024\/03\/P1044508b_1000px.jpg\" alt=\"\" title=\"P1044508b_1000px\" srcset=\"https:\/\/www.cryptovalleypioneers.ch\/wp-content\/uploads\/2024\/03\/P1044508b_1000px.jpg 1000w, https:\/\/www.cryptovalleypioneers.ch\/wp-content\/uploads\/2024\/03\/P1044508b_1000px-980x729.jpg 980w, https:\/\/www.cryptovalleypioneers.ch\/wp-content\/uploads\/2024\/03\/P1044508b_1000px-480x357.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" class=\"wp-image-712\" \/><\/span>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><p style=\"text-align: center;\">Under this tree, the first <a href=\"https:\/\/ethereum.org\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>transaction in the world took place.<\/p><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_divider_0 et_pb_space et_pb_divider_hidden\"><div class=\"et_pb_divider_internal\"><\/div><\/div><div id=\"ethereum-tree\" class=\"et_pb_module et_d4_element et_pb_text et_pb_text_1  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><p>A milestone in crypto history takes place here in 2014. For the first time, the Ethereum Foundation can pay out salaries, and this transaction takes place underneath this tree right here.<\/p>\n<p>The history of Ethereum begins in 2013. The 20-year-old Russian-Canadian coder Vitalik Buterin devises a new blockchain and cryptocurrency, Ethereum and ether. He lands in Zug with his team. The attorney Luka M\u00fcller sets up the Ethereum Foundation to collect start-up capital with a crowdsale in 2014. Surpassing all expectations, they raise about 31,000 bitcoins, $18 million at the time. This war chest helps pay for the development of the technology. Today, Ethereum has a market cap of around $330 billion (as of February 2024), more than all major Swiss banks combined. After Bitcoin, Ethereum is the most important blockchain.<\/p>\n<p>What makes Ethereum special? While Bitcoin is basically a digital ledger, so-called smart contracts can be programmed on Ethereum. These are digital contracts that execute at lightning speed and allow the recreation of entire banks, notaries and complex legal processes. Many smart contracts are still theoretical, but they promise to revolutionize our lives, especially if robots or artificial intelligences enter into contracts one day in the future.<\/p>\n<p>Mihai Alisie, the co-founder of Ethereum, and Herbert Sterchi, the local Swiss director of the foundation, explain more.<\/p><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_video et_pb_video_0\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_video_box\"><iframe loading=\"lazy\" title=\"Ethereum - Die Geschichte des Crypto Valley\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/m0UO9pbsxas?feature=oembed\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_2  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><iframe src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m16!1m12!1m3!1d1401.5855124266202!2d8.512996898472588!3d47.16997874005482!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!2m1!1sseepromenade%20zug!5e0!3m2!1sen!2sch!4v1709827897535!5m2!1sen!2sch\" width=\"1000\" height=\"400\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\"><\/iframe><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stationen"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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