What is Ethereum? A Beginner's Explanation in Plain English

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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:

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See anything we haven’t covered? Leave us a comment in the comment section below


99Bitcoins says:

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Stay safe 🙏🏻🙏🏻🙏🏻

N P says:

And thus, I am evolving from a centralised citizen into a decentralised Sovereign Individual. Thank you.

Nabeel Jaffer says:

Da fk did you say….

Salome Mark says:

So while crisis come's up .Bitcoin climbs lol 😆 Now i say crypto is better than stock investing in crypto should be in every wise individual to do list .

Lex Blazer says:

Excellent video. condensing all this into less than 12 minutes is tough and must have been a lot of work. Kudos. (lol i know cause I also make short-form how to videos…but not exactly about crypto)

Brocho-_xx says:

The IRS said Thursday it will be sending settlement offers with terms that are stricter than ones it offered last year under an earlier micro-captive initiative. The IRS has been focusing on cracking down on certain types of tax avoidance schemes, such as syndicated conservation easements and micro-captive insurance, while also stepping up tax enforcement efforts against holders of digital currencies such as Bitcoin and Ethereum, despite a decreasing number of IRS audits overall in recent years.

The crackdown isn’t entirely new. In 2016, the Treasury Department and the IRS issued Notice 2016-66, which identified certain micro-captive transactions as having the potential for tax avoidance and evasion.

skaterfugater says:

after coming back here for the third time i finally experience some "oooohhh amazing" moments.

Aimal Popal says:

It was all good until his apartment eviction story that shit got me confused AF ….damn almost made it to the end too

tim tor says:

have this playing in the back ground as it's very relaxing to wacht

Sean Booth says:

Well-done love your vids

XX XX says:

Still don’t get it

Payment Proof Crypto says:

LIKE Now Okay …Cool……

Owen Camp says:

how much bandwidth do you need to be a validator?

Linda Cole says:

How do you make bitcoin account with your bank

Tron Alpha says:

I live in Queensland Australia. My income is the pension. I am seeing a trend towards a chashless socity in the futer. using a card for transport a.t.m.s ect.. Dose this mean that we could stop using money as we know it today ? and what will happen to benifits like unemployment, medical, pensions and so forth ?.
will bitcoin have an effect on those as bitcoin growes in capital ?. and how will we live in genearule ?.

parthasarathy Venkatadri says:

How about a decentralised quantum network .. what could it do ????

judoz420 says:

What do the DAPS even do though? What is the code for? I'm still just as confused… what are they making? Software? AHHHH I need a real dumb explanation:(

Jason Oramas says:

I never understood why people try to explain things using specific technical words they should know you dont understand yet… Almost every technical term can be explained in a few words of lamens terms..good vid thankyou

Rd Rz says:

i thought eth is just money only

Urban Thick says:

I think I understand how it works??? What I can't seem to wrap my head around is how it gain it's value. The same with bit coin. Is it because more people use it? It's just not clear to me at all.

Rizwan Muhammad says:

Best simplified explanation

secret garden says:

Black Chain?

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