What is ethereum, and how does it work?
Рет қаралды 116,797
Күн бұрынEthereum is the world's second-biggest cryptocurrency, and it's giving bitcoin a run for its money.
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Ethereum once was seen as bitcoin's little brother. Now, things have changed.
The ethereum cryptocurrency, known as ether, has claimed a sizable share of the crypto market. And its underlying blockchain platform is powering innovations in the space, from decentralized finance to non-fungible tokens.
But technical issues with the ethereum network are proving costly, with users being forced to pay high "gas fees" to make transactions. And a flood of new tokens known as "ethereum killers" are hot on its tail.
That could be about to change as ethereum moves over to a new standard which proponents say will make it run more efficiently.
#CNBC #Ethereum #Crypto
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@chuek 2 жыл бұрын
Ethereum might flip Bitcoin at some point, because it's a banker coin, but it will go back below BTC as countries adopt it and as it becomes the world's reserve currency.
@davycrockett8886 2 жыл бұрын
Why wouldn't governments rather use Ethereum? It does more volume on it and they can easily link their national currencies up to it.
@chuek 2 жыл бұрын
@@davycrockett8886 governments will use Ethereum that's a fact. Ethereum is their only chance to keep controlling their currencies.
@eth-oz8959 2 жыл бұрын
This exceptional video provides a comprehensive explanation of Ethereum that can be understood by non-techies. Many kudos to the Creator / Presenter. *** My two cents is: The major ETH v2 Upgrade will come in two substantial parts -- or phases. The first will complete the transition to Proof of Stake and end ETH mining (aka Proof of Work). That first phase is very likely to occur before the 2nd Quarter of 2022 ends. The second phase will incorporate 'sharding' technology, which will greatly increase the speed of transactions on the Ethereum blockchain network. That second phase is expected to occur in early 2023. Also, there will be several significant additional minor upgrades along the way. Ethereum's future is extremely bright. One might consider investing in ETH comparable to buying Google stock in 2004.
@caff231 5 ай бұрын
Update please?
@leolee6693 2 жыл бұрын
Great content as always CNBC - keep up the good work!
@MeatCatCheesyBlaster Жыл бұрын
ZOG coin
@williamsfaulkner4676 2 жыл бұрын
I respect the work you put into your videos. I find it truly baffling that all major crypto youtubers just look at pure wave and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as bullish as it seems.
@reginamoore9013 Жыл бұрын
For me, this is a profitable asset now. I spend most of my USDT to buy ETH and hold it.
@RaviShankar-li1pm Жыл бұрын
Very informative video. Thank You CNBC.
@donnatorres924 Жыл бұрын
I think that Ethereum is now quite a promising currency. Therefore, I prefer to buy ETH on Bitfinex and hold.
@Noahuhhh 2 ай бұрын
I hope you kept holding
@rolandmaas4385 Жыл бұрын
Thank you for this fantastic video!
@ivartheboneless9448 2 жыл бұрын
ETHEREUM TO DA MOON!!! 20K EZ!!!!!!!!!
@harryballzonya6254 2 жыл бұрын
Ethereum is centralized... Jp Morgan... There are companies tied to Ethereum that just stopped an entire country from using Ethereum on accident and exposed themselves
@mikefriz 2 жыл бұрын
Also they sold metamask and Infura to JP Morgan. But people like to be blind as long as they make money.
@ykeab94 Жыл бұрын
Thank you~
@DNathan1257 4 ай бұрын
The excitement for Block Sailor Token is reaching fever pitch! 🔥
@amklux1426 2 жыл бұрын
Good to see you again.
@user-dw3bq8xq9v 4 ай бұрын
Considering Block Sailor BLOCK for its safety features. Interested to see how it performs in the market.
@cx_n1 2 жыл бұрын
GO ETH!! 👑 Yes high fees as they have NOT compromised unlike the apparent ‘ETH killers’
@earnpm777 2 жыл бұрын
PWAR is a low-cap hidden gem & polkawar has all the potential to 100x. it's a low cap gem with good fundamentals and utility
@bambamkitring6666 2 жыл бұрын
Go ETH go !!!
@MeatCatCheesyBlaster 2 жыл бұрын
No cat purse boy no!
@thureintun1687 2 жыл бұрын
down the hole?
@maxthevalue8893 2 жыл бұрын
It could as it offers DeFi an emerging technology that is looking to replace financial institutions such as banks. DeFi is the future baby.
@bavrarnasriksforbundsledam7557 2 жыл бұрын
I agree, it's the future but how far into the future? We can at most produce 27 transactions every second with blockchain so far and comparing that to the regular fiat currency network it isn't even 1/10th.. Until someone can come up with a cost effective blockchain, either forked or just plain new - the banking industry will remain the same.
@MeatCatCheesyBlaster 2 жыл бұрын
Except that Ethereum is owned by banks and relies on Infura, which is owned by one guy. You are replacing banks with another bank.
@alparslankorkmaz2964 2 жыл бұрын
Nice video.
@Wooster77 2 жыл бұрын
Still looking for a knowledgeable crypto advocate who doesn’t sound like a used car salesman.
@itsmeagnes8921 2 жыл бұрын
Etherium 2.0 to the moon
@itsmeagnes8921 Жыл бұрын
@@jessicawiley5797 meaby
@larzoneth 2 жыл бұрын
10:02 PoS is way more secure than PoW!
@J__C_ 2 жыл бұрын
1:34 Nice name
@eldavicho19 4 ай бұрын
Block Sailor BLOCK caught my eye. The $10 prediction has me curious. Time to delve into the project details.
@bhaskarjpaul6069 Жыл бұрын
Ethereum 2.0 should be around by October if not earlier. This in turn will use proof of stake. Hope this fructifies.
@MeatCatCheesyBlaster 2 жыл бұрын
You know something is really going against the man when it's got its own commercial on NBC
@nightmare8162 2 жыл бұрын
bitcoin cant be controlled that is why it is king and always will be, with everything becoming more regulated sure ethereum might take off but bitcoin i think will be worth alot once people realize its true worth
@-BILYAKIS- Жыл бұрын
Bit Bank: a real technology in computing
@jonmayo1658 2 жыл бұрын
Ethereum to the mooooon 🚀🚀🚀🚀🚀
@dragonslayer0 8 ай бұрын
Imagine any country able to give u the highest stake for validation and become the market leader and able to copy and act on the data
@PalomaCamacho-id4qt 4 ай бұрын
Block Sailor BLOCK's momentum is undeniable. How are you playing it?
@supersquare 2 жыл бұрын
10:46
@dyno9524 2 жыл бұрын
By 2030 Ethereum will be $200K per coin
@Nicholas.Tsagkos 2 жыл бұрын
That's huge, it's hard to believe, but let's wait and see.
@WillS-pl8wg 2 жыл бұрын
That’s a tall task for eth.Hopefully you’re correct my friend.2030= Ethereum 70,000.
@lalisa2486 Жыл бұрын
Then I will have 100 million lol
@yessirskismellcapp2223 Жыл бұрын
@@lalisa2486 how much did u put in?
@lalisa2486 Жыл бұрын
@@yessirskismellcapp2223 I bought 500 coins few years ago when it was below a dollar.
@francescobalbo5932 Жыл бұрын
Very instructive video, thank you.
@user-kn6vw4sr2r 2 жыл бұрын
I'm afraid the longer ethereum takes to upgrade to 2.0, the more market share it losses to its competitors. Vitalik should hurry up before it's too late.
@InsectAlien 2 жыл бұрын
nah it will be fine there are other companies making it more scalable
@YourMommasDaddysBro 2 жыл бұрын
lol ok
@rhynosouris710 2 жыл бұрын
@@InsectAlien Oh joy, another Lightning Network
@eth-oz8959 2 жыл бұрын
Your concern is without merit. The major ETH v2 Upgrade will come in two substantial parts -- or phases. The first will complete the transition to Proof of Stake and end ETH mining (aka Proof of Work). That first phase is very likely to occur before the 2nd Quarter of 2022 ends. The second phase will incorporate 'sharding' technology, which will greatly increase the speed of transactions on the Ethereum blockchain network. That second phase is expected to occur in early 2023. Also, there will be several significant additional minor upgrades along the way. Ethereum's future is extremely bright. One might consider investing in ETH comparable to buying Google stock in 2004.
@s100flo3 2 жыл бұрын
Arbitrum, Optimism,Polygon,Loopring L2s
@nightbot.3266 2 жыл бұрын
Aren't they bad for the environment with all the energy they use??
@danielbellon1635 2 жыл бұрын
These tokens were typically made by merchants and local businesses as well as local authorities and had nominal values denominated in their value in cash coins. New Zealand Lord Of Rings Silver Plated 41mm Magnetic Medal Token Coin AU $1.99
@williamdolan7189 2 жыл бұрын
When 2.0 is released the competition will be left behind very much like Tesla did in the EV world!
@williamdolan7189 2 жыл бұрын
Lmao I don’t think so
@raygrenade1697 2 жыл бұрын
We been waiting for 2.0 since 2016
@williamdolan7189 2 жыл бұрын
@@raygrenade1697 that’s nice it’s coming in a few months
@TimvanHelsdingen 2 жыл бұрын
@@williamdolan7189 no it’s not. The merge is coming in a few months, but all that does is move ethereum from proof of work to proof of stake. It does nothing for the scaleability, but that we need to wait for sharding, which is still a long way off.
@mikefriz 2 жыл бұрын
There is more value staked in luna and luna it's been around not so long, lol! Eth will never stop competition, it's just another coin don't be religious.
@bambamkitring6666 2 жыл бұрын
Lets pump ETH to the moon !
@CK-qu1kn 2 жыл бұрын
Eth is a security. Don’t lose your money
@bham01 2 жыл бұрын
I would like to add that there are no humans controlling BTC, there fore it is just math and pure.
@polluxar 2 жыл бұрын
Is it necessary to still show a PHYSICAL coin to talk about cryptocurrencies??? REALLY!?!?! 2022 guys!!
@natanaelemanuellopezgarcia 4 ай бұрын
Block Sailor BLOCK is catching everyone's attention. What's your take?
@johnself3487 2 жыл бұрын
It's me Michel
@AxelGaelPerezromero 4 ай бұрын
Block Sailor BLOCK's surge is turning heads. How are you capitalizing?
@juanfermin8173 2 жыл бұрын
Bitcoin will always be #1
@lunarllama2555 2 жыл бұрын
I'm no longer waiting for the stimulus check because I earn $22,000 every 14-16 day's recently💯💯💵
@zakharrusnak6856 2 жыл бұрын
I trade with a professional expert Mrs Debbie Mac, she help me on my Investment with massive returns 🏆💯
@feliciagranville4388 2 жыл бұрын
Yes I can assured you because I have aslo been trading with her, profits are secured and over %100 return on your investment.
@kowalskiwilson2234 2 жыл бұрын
Please how can I be able to reach your broker, my income stream is in a mass 😓😰
@kimchuan9729 2 жыл бұрын
直接在whatsapk上给她发消息
@kimchuan9729 2 жыл бұрын
I’ve made over ten thousand bulks profits with her . Highly recommended.
@jimwhitman5800 Жыл бұрын
People are so blind. The original network that is still decentralized is Ethereum Classic. If you want what Ethereum was then buy etc, if you want a centralized network then buy eth. Vitalik Buterin said it best. "Ethereum Classic is a perfectly fine chain it didn't betray the original vision". Look it up yourself.
@921QQ9 2 жыл бұрын
I'm waiting for Waobiwan.
@921QQ9 2 жыл бұрын
Sheratism
@gabrielalamberti5860 Жыл бұрын
I still don't get it.
@tonyh3645 Жыл бұрын
I think Eth IS the king of crypto because of all that is going on with it. $hitcorn was anonymously made them abandoned and people treat it like a security. XRP might be king once it’s used for cross border payments. Nfts built on Ethereum are silly but there are stable coins built on it too
@felixbeaulieu2393 2 жыл бұрын
TO THE MOON!!!!!
@achilles5197 2 жыл бұрын
Thats probably why JD owns a big part of ethereum from what I'm seeing. If true Ethereum is a banker coin centralized GARBAGE!!
@harryballzonya6254 2 жыл бұрын
I wish I didn't stake my Ethereum... I don't trust Ethereum anymore... They are in fact centralized... That is indisputable
@whatsappme8883 Жыл бұрын
Text me directly 👆👆👆
@etherealcrypto4259 2 жыл бұрын
Eth to buy Meth? or just some popcorn :)
@bham01 2 жыл бұрын
Proof of stake will only enhance Buterins ownership of Ethereum. Wake up people.
@wolffeatherdancer 2 жыл бұрын
Vitalik is Russian-Canadian not Russian
@malvinalfred825 2 жыл бұрын
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
@edwinrac3704 2 жыл бұрын
I lost £1200 carelessly trading on a platform then I was referred to Mrs Anna carid she recovered my loss and made an extra profit of £4600 for me
@Posttraumaticgrowth 2 жыл бұрын
Ethereum!
@michael2275 2 жыл бұрын
BTC >>>>> ETH
@taccntb4345 2 жыл бұрын
Its only a matter of time before ETH flips BTC... The increasing TVL between the two proves this... ESG mandates will only allow institutions to hold a certain amount of BTC on its balance sheet BUT with ETH going 99.9% more green than BTC, a vast amount (2% to 5%) of ethereum CAN be put on the corporate balance sheet. Guess what that will do to the price of ETH. Also with bond rates dropping year after year it looks as if Etheruem is could replace the US bond.
@eth-oz8959 2 жыл бұрын
Excellent analysis. The Europe Union's prospective cryptocurrency legislation will heavily penalize cryptocurrencies that use massive amounts of energy (expended in mining). ETH will become the Green-Friendly cryptocurrency. That should give ETH another big leg up.
@MeatCatCheesyBlaster 2 жыл бұрын
Except that there are already better alternatives to Ethereum that are better, faster, and have reliable fees
@chuek 2 жыл бұрын
You just described why Ethereum is centralized and why it will never be sound money. The code will change if the landlords of the world want it to. Meaning not censorship resistant and meaning it can change as much as the leaders of the world please. That's not how sound Money works kid, the best money has no changes ✌️
@MeatCatCheesyBlaster Жыл бұрын
Banker Coin
@safelysnortingbitcoin9923 2 жыл бұрын
TLDR: No
@comeseetheviolenceinherent579 2 жыл бұрын
No
@moneyobsessed 2 жыл бұрын
ethereum can be real programmable "money" conversely bitcoin is aking to digital gold (collectible keys)
@CK-qu1kn 2 жыл бұрын
😂😂😂 eth is about to get sued for its ICO good luck y’all. BTC is king but even XRP will flip eth this year..
@rof8200 2 жыл бұрын
Ethereum already processes more value than Bitcoin and appears more useful than Bitcoin.
@parsasarirafraz9674 2 жыл бұрын
there is another problem with bitcoin that people don't realize. the amount of bitcoin is limited and network created new crypto in order to reward the validator. if there is no bitcoin to give to validator from network, the transaction cost jumps too high.
@joewest3901 2 жыл бұрын
I hate to say it but Dogecoin’s model of flat supply inflation is actually a good direction to move in for a number of directions.
@silaakkidumma 2 жыл бұрын
Lol dream on! But eth will exist
@davycrockett8886 2 жыл бұрын
Funny them talking about Bitcoin being a store of value, but they don't admit Ethereum will have less inflation than Bitcoin after the MERGE.
@da_revo5747 2 жыл бұрын
Wow you guys are so late. Ethereum doesn't scale. And it's not really deflationary
@Nsidibe-AbasiEkpenyong-fg5hv 3 ай бұрын
Thanks you for this educative video. It is insightful. Let me also introduce to you Smart Aliens.. it is an amazing project. I'll love to have you join us
@bznmahadev1241 Жыл бұрын
Eth $200k by 2030🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
@aptyp3109 4 ай бұрын
it doesn´t.
@gregorybundy1740 2 жыл бұрын
If we have ETH already, will it convert to ETHEREUM 2.0, or is that something we'll have to Buy? 🤔
@saadabbas8976 2 жыл бұрын
“How cryptocurrencies have fared amid Russia-Ukraine war Investors say that during the war bitcoin's characteristics have stoked demand and helped it outperform other traditional havens.”
@MeatCatCheesyBlaster 2 жыл бұрын
Nope
@artemishuntress7827 2 жыл бұрын
No thats xrp
@danielbellon1635 2 жыл бұрын
Bitcoin = $1,396
@cutthroatmob3707 2 жыл бұрын
Eth is trash bitcoin is the only crypto currency out here for the people
@tanjoy0205 2 жыл бұрын
I like how they representing digital currency in IRL .😂
@CNBCi 2 жыл бұрын
Admittedly, it's quite difficult to make crypto visual!
@tanjoy0205 2 жыл бұрын
@@CNBCi indeed ,maybe you should symbolise them code numbers😂
@MeatCatCheesyBlaster 2 жыл бұрын
You know something is DEFI when it's backed by NBC. Oh wait
@bobbyjonas2323 Жыл бұрын
XDC will kill Ethereum! XDC is the REAL Ethereum Killer! 👍!!
@fishyinformation 2 жыл бұрын
Cardano
@MultiLisa10 Жыл бұрын
Something doesn't seem kosher with this whole thing and the guy who created it. He appears to me as a victim of some sort.
@yamashinzu1193 2 жыл бұрын
Doge.
@eryosmanogull 2 жыл бұрын
Can ethereum do this ıdk but Avax can do
@masonsoutdoorsportsmenadve4933 2 жыл бұрын
How much you betting?
@michael2275 2 жыл бұрын
BTC >>>> all crap coins
@JogBird 2 жыл бұрын
crypto is speculation, not investing
@eth-oz8959 2 жыл бұрын
Cryptocurrencies are speculation. But Ethereum is a revolutionary TECHNOLOGY that will dramatically change computing. Thus, ETH is the exception.
@michael2275 2 жыл бұрын
Nope never going to happen. BTC forever king
@CK-qu1kn 2 жыл бұрын
Eth is garbage. And they will be brought up on ICO charges. #1 btc #2xrp #3 lite coin . Ether will be on the stock exchange because they offered it up as a security in its ICO.
@Mars_Coins 2 жыл бұрын
It is going to happen, n is gonna happen probably this year or the next
@popalzai8119 2 жыл бұрын
because you own bitcoin. right?
@michael2275 2 жыл бұрын
@@Mars_Coins Keep dreaming man. Bitcoin has product market fit, everything else is crap
@bham01 2 жыл бұрын
He is a Russian ffs.
@justhodl6562 2 жыл бұрын
When eth 2.0, eth will dump
@farnio 2 жыл бұрын
This is not a different coin than eth
@nazibulalam9758 Жыл бұрын
After hacking "shomoy tv" youtube channel, I came here to know what is Ethereum?? Who else came like me??
@eclipseotik 2 жыл бұрын
ETH is a winner
@michael2275 2 жыл бұрын
No chance against bitcoin man
@eclipseotik 2 жыл бұрын
@@kingchristopherpaul477hutc8 ever since I bought it years ago, I have nothing but gains, I’m holding long term though. But even when I do short term trades it’s been good to me.
@eclipseotik 2 жыл бұрын
@@michael2275 as of this moment, I do agree
@michael2275 2 жыл бұрын
@@eclipseotik Imo BTC will be king of crypto forever
@Darcsied27 2 жыл бұрын
JP Morgan = Ethereum
@ZachForcier 2 жыл бұрын
Banker coin? Hell no. BTC is freedom
@danielbellon1635 2 жыл бұрын
Ethereum = $21.00
@ethronixNativeCX 3 ай бұрын
ICP Internet Computer and ckETH/ckBTC is so much more and exactly what so many people have been waiting for for many years, long before the Internet itself, and ICP fills exactly this gap as the introduction to digital currencies did back then ❤️🔥
@womblestacker7993 2 жыл бұрын
Nope eth can't even get to $5,000
@moumoucong87 2 жыл бұрын
Ponzi coin
@witness1013 2 жыл бұрын
Yes, easily. Bitcoin is your grandfather's Crypto. It's a failed currency and only had value because so many people have a vested interest in making it seem do. Eth is ok, but it's marginally better than Bitcoin, and has bee surpassed by current gen Blockchains dramatically in terms of utility, speed, price, and decentralization.
@thedude5599 2 жыл бұрын
you are wacked SOlana has crashed twice this year. There are 200 000 developers working on ETH you have zero clue about layer 2 solutions.
@wandilemenare675 Жыл бұрын
Shitcoining at it's finest
@Relav1 2 жыл бұрын
ETH is garbage compared to Solana, Polygon, etc. already. Not scalable.
@thedude5599 2 жыл бұрын
PFF Solana that has crashed twice this year. ETH has 200 000 developers working on it as we speak. there are 22 layer 2 solutions ready today and another 50 being built. Youhave zero clue.
@blertis Жыл бұрын
Eth 2.0 is coming
@KryptstarCrypto Жыл бұрын
Eth to buy Meth? or just some popcorn :)
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