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

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Күн бұрын

Start trading Bitcoin and cryptocurrency here: 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:
/ the-truth-about-smart-...
For the complete text guide visit:
bit.ly/2RAjY4j
Join our 7-day Bitcoin crash course absolutely free:
bit.ly/2pB4X5B
Learn ANYTHING about Bitcoin and cryptocurrencies on our KZfaq channel:
bit.ly/2BVbxeF
See anything we haven't covered? Leave us a comment in the comment section below

Пікірлер: 1 700

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@ronmacneil3256 3 жыл бұрын

thank you very much:)

@erwintjong4390 3 жыл бұрын

Thank you for the easy explanation vids.

@invincibleraid 3 жыл бұрын

99Bitcoins do you know any good bitcoin miners?

@yvonnechandler6371 3 жыл бұрын

oojh

@chuahuangchiang7939 3 жыл бұрын

Thanks 👍

@BushcraftingBogan 3 жыл бұрын

Finally! There is an old saying, “If you can’t teach something in a way others can understand it, then you aren’t a teacher.” This earned my Sub. Thank you.

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The world is really taking a new shape in Technology, Digital currency are talking over every part of the world.

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Successful people do what unsuccessful people are not willing to do. Don't wish it were easier; wish you were better, You have to take risks but not to your own detriment or been persuaded into going contrary to your decision.

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@ButlerBeachTray 2 жыл бұрын

Thank you for this excellent presentation on Ethereum, Ether, etc.! I am truly looking forward to your clear, understandable approach to all things crypto in future videos.

@jamesburtch9331 3 жыл бұрын

This is by far the best explanation of Ethereum on KZfaq. Thank you!

@micklib 3 жыл бұрын

Thanks, I'm understanding 40% of what you're saying, which is 1000 times more than anyone else's explanations

@katerinabentley5882 3 жыл бұрын

Same!!!! Thank GOD for explanations like this!! ❤️❤️

@MINHAJUDDINKhan 3 жыл бұрын

How to make buying and selling for optimum profit

@qdullinflames 3 жыл бұрын

Same buddy

@33Polod 3 жыл бұрын

Agree👍

@DodZz666 3 жыл бұрын

Could not agree more

@muralivilla 2 жыл бұрын

I read the comment first and this video is really as good as what people are saying. Straight to the point and not wasting time. Very good explanation. I learnt a lot today.

@CH-bp3bj 3 жыл бұрын

This is such a good video, not just the information but your teaching style, the audio and editing quality. No fluff or shilling, just solid and easy to understand explanations. Such a great resource for learning more about blockchain and cryptocurrencies. Thank you!

@chimexprosper388 3 жыл бұрын

Please how does this bitcoin stuff really work I think I'm interested and willing to invest heavily in it

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Wow, you explain things so well. Will be browsing your album for more information.

@jaysonbenner 3 жыл бұрын

Thank you for properly covering the DAO fiasco. And for not representing the person who withdrew funds as a “hacker”. I think you gave a perfect explanation.

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dang, Imma binge all of these

@sapphirescout 2 жыл бұрын

Really awesome explanation, straight to the point and concise. Thank you very much!

@paxnorth7304 5 жыл бұрын

I love this guy. From the old school golly gee shucks style to the lack of patronization to the clear and jargon free language. A +

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pax north Definitely. He speaks professionally and clearly. He doesn’t feel the need to mimic some sort of KZfaqr, fast-talking personality.

@trollface1994 4 жыл бұрын

C ++ actually.

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💪💪💪

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He reminds me of Mr. DNA from Jurassic Park.

@malwar21 4 жыл бұрын

I don't think I could have even imagined a better explanation than the one this guy gave. Many thanks!!!

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I wish every school had teachers like him!

@kolongmeja4959 3 жыл бұрын

I can not imagine that the knowledge you provide is free .. applause !!

@sunshineedits1 3 жыл бұрын

👏🏻

@teslawatt2808 4 жыл бұрын

Very professionally and clearly.

@danielcutler7117 3 жыл бұрын

Well done, thank-you I feel smarter after watching that!

@thehumanchris 3 жыл бұрын

Thanks a bunch for all of this information in plain and simple English, really helpful!!

@jamessahota2752 3 жыл бұрын

Another clear and concise video! Thanks Nate!

@Laotzu.Goldbug 4 жыл бұрын

This guy is the ultimate explainer.

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This all started like a joke, but now bitcoin is taking over the globe. Even my lil nephew know what bitcoin is haha

@jerichofoster6751 3 жыл бұрын

The ultimate

@ihaveazipper77 4 жыл бұрын

Thank you so much for making this video! Read a whole bunch of articles, none make things clearer than this video

@christianogunka8674 4 жыл бұрын

That's true

@joanwindross5267 3 жыл бұрын

He did justice to it, and ethereum is fast growing and its high time to make a lot of it before it goes up like bitcoin,this is the right time to acquire it,and gradually am getting it, ask me how

@lukmanfebrianto 2 жыл бұрын

Thank You for sharing the knowledge. It's a very clear and comprehensive explanation. Please keep on educating the world about the blockchain and cryptocurrency...

@philiphoward6811 3 жыл бұрын

Absolutely fantastic. That was explained perfectly. It was as clear as crystal. And I truly believe that it is much better to first understand the basic fundamentals of blockchain technology and crypto currencies before engaging in financial speculation. Nate Martin you're a true professional and a gentleman. Thank you for making that more intelligible.

@99Bitcoins 3 жыл бұрын

That is truly high praise, thank you!

@richardfeynman707 2 жыл бұрын

@Lee-bx5vc 2 жыл бұрын

Couldn't have said it better myself.

@Lee-bx5vc 2 жыл бұрын

@@99Bitcoins you deserve it, thank you.

@erikschaepers 2 жыл бұрын

@@99Bitcoins I could not agree more. Great work, thanks a lot

@madsouris 5 жыл бұрын

Thanks for the explanation, i'm new to crypto and this is really helpful

@vodahoe1967 4 жыл бұрын

Definitely be sharing this video, very informative to the point ! Crystal clear presentation, thank you :)

@geetrinity 4 жыл бұрын

Hello

@jefferysimon 3 жыл бұрын

A great condensed explanation. Thank you!

@Nshank 3 жыл бұрын

Just wanted to say thank you .... I am binge watching your videos this weekend...

@newman824 4 жыл бұрын

I love your video and the simplicity you apply to explaining something so complex. I learned more in 5 minutes watching you than I did in a day on Google. Keep up the great work!

@extravod2616 3 жыл бұрын

Key fact, I love the video too

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He explains everything in such detail!

@40nights40daystv 3 жыл бұрын

Wow this is actually amazing stuff, I had no idea it went this deep

@josiahjohnson2515 4 жыл бұрын

Super good presentation on ETH, thanks so much!

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your explanations are really good. for the first time, I understood what is bitcoin by watching your videos.

@MystrMystry1 3 жыл бұрын

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@the-selfish-meme7585 3 жыл бұрын

Respect for this - back when nobody was interested, you were still out there spreading the word. Send this dude an 'i ToLd YoU sO!' t-shirt.

@jackesmoral1299 3 жыл бұрын

Hello

@Miramamapuedovolar 4 жыл бұрын

awsome explanation man , thanks for the intelligence to make it so simple.

@ramwankhade Жыл бұрын

Like I was knowing about each and every concepts individually before this but after watching it all the dots are now connected and got to know what really is ethereum. .. Thank you man❤️

@decapoli156 4 жыл бұрын

Great video! Amazingly well explained, thanks!

@rajapeddireddy 5 жыл бұрын

Fallen love with explanation of this guy....

@nedaCFilms 3 жыл бұрын

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@ApolloASA 3 жыл бұрын

This guy is the best haha. Makes me feel like I'm back in high school. Plain, simple, and effective explanations. Thank you Nate Martin!!

@aaronabrahammohan9014 3 жыл бұрын

This is the best explaination out there. No competition 💪💯

@Jay-cq5qr 3 жыл бұрын

Underrated comment. Watched countless videos.

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I subscribed 1/3rd of the way through..then went to make a similar comment but you beat me to it.

@luxt.v521 2 жыл бұрын

(F)act.

@kelly-zu4po 2 жыл бұрын

The cryptocurrency blockchain is a good trend in the future, and I bought the ETF of cryptocurrency.

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Thanks for educateing me, I am starting to understand

@Alexander.s.arreola 3 жыл бұрын

This channel changed me life. Thank you 🙏🏽

@chuckolator1859 3 жыл бұрын

Explained so well, fantastic video! Thank you so much.

@matthewabraham5819 3 жыл бұрын

Ah, an informative yet easy-to-understand explanation about Etherium. Thanks.

@extravod2616 3 жыл бұрын

Yes true, the video is helpful and enlightening.

@lukemarlowe6930 3 жыл бұрын

Best vid explanation of blockchain so far. Hats off.

@motogirlthailand 3 жыл бұрын

Excellent video. Much appreciated. A straight-forward, clear and helpful explanation without sounding patronising. Thank you.

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@rahuljaisinghani1120 2 жыл бұрын

Thank you for this! Amazing explanation.

@Philth_E 3 жыл бұрын

I wish I knew about this upon release of the video! Congrats everyone ;)

@tommo.crypto4620 4 жыл бұрын

Perfect! This video was a wonderful service in explaining an otherwise complex tech. Thank you!

@seckincomert9627 3 жыл бұрын

Tat

@Geez01 3 жыл бұрын

I learned what Bitcoin is how it's created and how it's used from this gentleman. Absolutely the best teacher I've ever seen on these topics.

@tomloiselle2785 2 жыл бұрын

Fantasticly clear and instructive video. Thank you!

@jamesfair8401 6 жыл бұрын

Always love your clear and concise educative videos, Ofir. Thank you very much! I've learned more from your videos than all other sources combined. Keep up the fantastic work, sir!

@99Bitcoins 6 жыл бұрын

wow, thanks so much Jamie :) Really appreciate the feedback.

@christianchukwu1561 3 жыл бұрын

Always love your clear and concise educative video mark , thank you very much ! I've learned more from your videos than all other sources combined keep up the fantastic work

@tongtic 4 жыл бұрын

Nate, your presentations are really great and eye opening. For the likes of myself in the third word country am really enlightened by you educative presentations.Keep it up and God Bless

@seunogunbiyi9443 4 жыл бұрын

U b mugu

@jennzay 2 жыл бұрын

This was so informative! Thank you for breaking it down and explaining it in a way that a your normal everyday person could understand!

@johncalverly1620 3 жыл бұрын

Best teacher, ever. Thank you.

@atinoteintunovas9969 4 жыл бұрын

Thank you VERY Much! I can see in a way somehow better after I heard what you told us. Take care!!!

@rahuldubey6511 3 жыл бұрын

Today ETH crossed $3000. Yes it is as revolutionary as Bitcoin

@DANIELGARCIA-ep7ot 3 жыл бұрын

Wow what an explanation THANK YOU!!!!!

@andyr8812 2 жыл бұрын

Very well explained!!! Thanks!!!

@seanytdawg 3 жыл бұрын

Thank you for the great content. Can you make a video about quantum computing, the threat it poses to cryptocurrency, and how the industry can possibly combat such a threat?

@nobeerlion3991 4 жыл бұрын

I very much appreciate your plain language and very structured approach of explaining complex tech. Thumbs up

@Jry088 3 жыл бұрын

Thanks for the explanation, eventhough I still don't fully understand it is still useful information.

@YanksOnTop 3 жыл бұрын

That was great. Thanks for breaking it down.

@rizwanmuhammad6468 3 жыл бұрын

Best simplified explanation

@lucyroberts4067 5 жыл бұрын

Incredibly helpful, thanks!

@geetrinity 4 жыл бұрын

Hello

@sarayui343 3 жыл бұрын

Good day, please help if you can. I am having some challenges on the bitcoins account. Please I can't operate anymore. Is there a solution?

@authorofmylife6883 3 жыл бұрын

great video - very clear and concise

@omg1979 3 жыл бұрын

Thank you for this clear explanation!

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I am learning a lot from this guy. Thank God I discovered him!

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Great video, thank you very much! Was a great help.

@nelqui7685 2 жыл бұрын

Well explained, congratulations. ✌️👌👍

@fidel2932 4 жыл бұрын

I was all confused until I found this video.Great lesson!

@schmingusss 3 жыл бұрын

I still don't get it

@supremesoftware 3 жыл бұрын

The less you don't know about Ethereum, the wiser you are.

@BijuViswanathfilmmaker 2 жыл бұрын

Thank you.clear, precious and very informative

@rathbone_ 3 жыл бұрын

this was amazing! thank you for all the info and for the way that it was presented!

@traydar5 3 жыл бұрын

Breath of fresh air. Thanks for simplified explanation.

@sallavatsal 3 жыл бұрын

Great explanation!

@Kris-qb4jk 3 жыл бұрын

Very nice. Distilled down to the basics. Easy to understand. Thank you.

@morrisonchinaza4941 Жыл бұрын

Hello 🤗

@jimiosuilleabhain419 3 жыл бұрын

This man is gifted, explained it so simply, life changing info 👌👌

@surajpatel-gb4ch 3 жыл бұрын

Excellent understanding 👏👌, Good teacher wonderful, I am feeling so happy to I got to know the future of the 🌎

@therennywayx7639 3 жыл бұрын

after i watched soo many videos, now i get the grasp of it..thank you

@connorkirchner2236 2 жыл бұрын

THIS IS THE FUTURE!!! Congrats to you guys for getting on this early.

@Cssaarr 3 жыл бұрын

THANK YOU !!! Amazing explanation ! Subscribed !

@johnwilliamscoffin 4 жыл бұрын

Awesome channel, thank you!

@realtruthseeker521 3 жыл бұрын

Extremely well video. It was still difficult but I didn’t get anything for the others. It’s mainly my vast computer ignorance. So this was very very good. Thank you. I subscribed and look forward to more video and supporting your channel

@99Bitcoins 3 жыл бұрын

Thanks for the kind words. Welcome in!

@cesara7478 2 жыл бұрын

Your explanation rocks. Thanks for sharing!

@Dalvardo90 3 жыл бұрын

Fantastically explained!

@SuperJohnny617 4 жыл бұрын

Love your videos very informative and understanding but i must notice how you explained what the ethereum was before it becomes ethereum classic and the reason it was created (to bail DAO) .. what is the revised protocol aka what is the new "Ethereum" what changes have been made ? thanks for hosting these videos

@ronmacneil3256 3 жыл бұрын

wow amazing feed back below ,i've never seen the likes of it , am happy for you!

@austinejei 2 жыл бұрын

Excellent and straight to the point!!!

@ericnjanga9332 2 жыл бұрын

Beautiful explanation. Thank you.

@dandan141414 3 жыл бұрын

First explanation that has made sense to me. Thanks!

@morrisonchinaza4941 Жыл бұрын

Hello 🤗

@davidtynan8577 3 жыл бұрын

that was great, really easy to understand, cheers

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2 жыл бұрын

Thanks for great explanation!

@SSA-ShivSatish 2 жыл бұрын

How Calmly and Perfectly, You have defined... Really Great... Thanks... With Warm Regards...

@ushasri3218 4 жыл бұрын

Amazing explanation sir, thank you so much.

@catfoo669 4 жыл бұрын

You are the best teacher. Thank you very much

@melissagarcia9024 3 жыл бұрын

My sister got Covid and I don't have the money to buy her medicine, her temperature is 39 deg celsius.I am losing her. Any help would greatly be appreciated: ethereum: 0xaBeA75271F8947aF3b03695842Cec6829cb36f6A