What is Ethereum? A Beginner's Explanation in Plain English
Start trading Bitcoin and cryptocurrency here: http://bit.ly/3qDOEmv
Ethereum was proposed in 2013 and brought to life in 2014 by Vitalik Buterin. Unlike the Bitcoin network which was designed for Bitcoin transactions only, Ethereum is a DIY platform for decentralized apps (or Dapps) that uses smart contracts. ‘Ether’ is Ethereum network’s currency and it is used for running Dapps.
0:34 - Quick Bitcoin recap
1:27 - Blockchain technology in a nutshell
3:30 - What is Ethereum?
5:43 - How Ethereum works
8:14 - The DAO and the Ethereum fork
9:47 - Ethereum as a currency
10:39 - Ethereum's ICO
11:09 - Conclusion
Special thanks to Jimmy Song who's post about Smart Contracts helped us a lot in creating this video:
For the complete text guide visit:
Join our 7-day Bitcoin crash course absolutely free:
Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:
See anything we haven't covered? Leave us a comment in the comment section below