Anthony Di Iorio was one of the first people to invest in and support the development of Ethereum.
In 2014, he launched Decentral, a blockchain-based company.
According to a story in Bloomberg, as one of Ethereum’s eight co-founders, Di Iorio intends to sell his software development company, Decentral, and move away from non-crypto enterprises.
Di Iorio’s Reasons for Leaving the Crypto World
According to Di Iorio, a marketing expert and early Bitcoin enthusiast who also helped establish Ethereum in 2014, part of his decision to leave were due to the “risk profile” of cryptocurrencies.
Regarding security, Di Iorio stated, “I don’t feel necessarily safe in this space.”
As a crypto entrepreneur, Di Iorio has created new ideas he says would be used in the new organization. Furthermore, he claimed it could utilize blockchain technology itself to deal with the issues he describes as “large.”
However, he has made it clear that he would sever ties with blockchain-related companies with which he is engaged. Nonetheless, he has indicated that he will use blockchain technology in addition to other methods in the new work he’s getting ready to start.
He plans to set up a new organization to promote his ideas in many sectors and fields, but Di Iorio refused to elaborate on which ones. A number of different business and political figures have already attended weekly “whiteboarding sessions” with him.
What is the History of Ethereum?
Ethereum was established by Vitalik Buterin, Charles Hoskinson, Mihai Alisie, Anthony Di Iorio, and Amir Chetrit (the original 5) in December 2013. In early 2014, Joseph Lubin, Gavin Wood, and Jeffrey Wilke were added as founders.
The Ethereum software project was formally launched in early 2014 by Ethereum Switzerland GmbH, a Swiss company (EthSuisse).
Gavin Wood, the chief technical officer at the time, worked on the Ethereum Yellow Paper, which detailed the Ethereum Virtual Machine. Following that, the Ethereum Foundation (Stiftung Ethereum) was established as a non-profit organization in Switzerland.
The project was financed through an online public crowdsale that took place from July to August 2014, with participants backing Ethereum development using another digital currency, Bitcoin.