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

Рет қаралды 2,990,028

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

@99Bitcoins 3 жыл бұрын

CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻

@ronmacneil3256 3 жыл бұрын

thank you very much:)

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Thank you for the easy explanation vids.

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99Bitcoins do you know any good bitcoin miners?

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As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

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@micklib 3 жыл бұрын

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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.

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C ++ actually.

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@jatoxa 4 жыл бұрын

He reminds me of Mr. DNA from Jurassic Park.

@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.

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👏🏻

@jamesburtch9331 3 жыл бұрын

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

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@jackesmoral1299 3 жыл бұрын

Hello

@ViswaramRanganathan 3 жыл бұрын

I wish every school had teachers like him!

@r.d3227 2 жыл бұрын

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@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.

@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.

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Very professionally and clearly.

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He explains everything in such detail!

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dang, Imma binge all of these

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Underrated comment. Watched countless videos.

@paulpaid 2 жыл бұрын

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

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(F)act.

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@sapphirescout 2 жыл бұрын

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

@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!!

@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?

@madsouris 4 жыл бұрын

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

@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...

@MystrMystry1 3 жыл бұрын

Great videos! You make it very easy to understand some of these complex topics

@philiphoward6811 3 жыл бұрын

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@99Bitcoins 2 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

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@erikschaepers 2 жыл бұрын

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@jessjamees7181 2 жыл бұрын

A very helpful and informative explanation. Much appreciated video!

@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

@jefferysimon 3 жыл бұрын

A great condensed explanation. Thank you!

@Miramamapuedovolar 4 жыл бұрын

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

@tedd5361 4 жыл бұрын

He might just be the best instructor of all time.

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wow seems like people are making a lot of money from bitcoin investing now

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@@cucovalenzuela1782 I keep seeing people give testimonies of making money from bitcoin and I tried investing in it too, but lost everything

@admin..4716 3 жыл бұрын

I see people saying bitcoin won't go up? LOL

@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 2 жыл бұрын

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

@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❤️

@thiliniwish19 4 жыл бұрын

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

@malwar21 4 жыл бұрын

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

@tender_ballz198 2 жыл бұрын

just got into crypto yesterday and picked ETH, thanks for the great video

@jamessahota2752 3 жыл бұрын

Another clear and concise video! Thanks Nate!

@curtvincent3728 4 жыл бұрын

Holy smokes! If I knew 10% of what this guy knows I'd be a genius. VERY clear and easy to grasp explanations. Thank you!

@albertthompson2241 4 жыл бұрын

Hello Mr Vincent

@curtvincent3728 3 жыл бұрын

@@albertthompson2241 Hey Albert! you can see how often I look at this, huh? Shame on me.

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Fallen love with explanation of this guy....

@chuckolator1859 3 жыл бұрын

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

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

@vodahoe1967 4 жыл бұрын

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

@geetrinity 4 жыл бұрын

Hello

@josiahjohnson2515 4 жыл бұрын

Super good presentation on ETH, thanks so much!

@omg1979 2 жыл бұрын

Thank you for this clear explanation!

@Nshank 3 жыл бұрын

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

@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!!!

@rizwanmuhammad6468 3 жыл бұрын

Best simplified explanation

@rahuljaisinghani1120 2 жыл бұрын

Thank you for this! Amazing explanation.

@Alexander.s.arreola 3 жыл бұрын

This channel changed me life. Thank you 🙏🏽

@robertawestbrooks1650 3 жыл бұрын

Thanks for educateing me, I am starting to understand

@uncommoncharlie7 3 жыл бұрын

I’m watching this 2 years after release, would be cool if you make a new video discussing Eth 2.0 and EIP-1559

@nedaCFilms 2 жыл бұрын

This channel is 100% the very best Crypto/blockchain resource on KZfaq. That's all folks.

@rathbone_ 3 жыл бұрын

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

@decapoli156 4 жыл бұрын

Great video! Amazingly well explained, thanks!

@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

@jimiosuilleabhain419 3 жыл бұрын

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

@fukuoka-musician 3 жыл бұрын

One thing I watched this video hoping to learn was some non-hypothetical examples, explained in plain English, of how the ethereum platform is already being used. Would you consider addressing this topic in a future video or have you done so already?

@surajpatel-gb4ch 3 жыл бұрын

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

@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.

@DANIELGARCIA-ep7ot 3 жыл бұрын

Wow what an explanation THANK YOU!!!!!

@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 3 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

@lukemarlowe6930 3 жыл бұрын

Best vid explanation of blockchain so far. Hats off.

@urbexmole4647 3 жыл бұрын

Thanks! Your contents is really helpful and interesting!

@yigaybavaria3272 3 жыл бұрын

This Guy is The BEST crypto instructor of ours times.

@tdrxy 3 жыл бұрын

BOT

@user-qg4kl3tj5t 3 жыл бұрын

@jamesfair8401 5 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 5 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

@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!!

@traydar5 3 жыл бұрын

Breath of fresh air. Thanks for simplified explanation.

@davidjack9477 2 жыл бұрын

Yeah, that's good idea. A trade would be the best option if you are new to investing

@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

@ushasri3218 4 жыл бұрын

Amazing explanation sir, thank you so much.

@thirdeyecat3593 3 жыл бұрын

Sooo informative, you're a great teacher, thank you

@ericnjanga9332 2 жыл бұрын

Beautiful explanation. Thank you.

@Philth_E 3 жыл бұрын

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

@SSA-ShivSatish 2 жыл бұрын

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

@Themethod420 3 жыл бұрын

this explanation was perfect Nate thank you

@nobeerlion3991 4 жыл бұрын

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

@craigvictor4238 4 жыл бұрын

U're a good lecturer. 👍

@OfCourseICan 3 жыл бұрын

Beautifully explained. Thank You.

@tomloiselle2785 2 жыл бұрын

Fantasticly clear and instructive video. Thank you!

@iulianbarbulescu7587 3 жыл бұрын

excellent video! thank you for your work!

@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

@BijuViswanathfilmmaker 2 жыл бұрын

Thank you.clear, precious and very informative

@Jry088 3 жыл бұрын

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

@motogirlthailand 3 жыл бұрын

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

@benjaminearlpotolin835 Жыл бұрын

Hopefully this could help to accomplish Tasks and get $BIB Token Airdrop! $20,000 worth of BIB Tokens will be airdrop to participating users

@johnwilliamscoffin 4 жыл бұрын

Awesome channel, thank you!

@cesara7478 2 жыл бұрын

Your explanation rocks. Thanks for sharing!

@buzzingonthemoon 2 жыл бұрын

Thanks dude! Really amazing explanation on all this stuff.

@SynthoidSounds 5 жыл бұрын

As always, appreciate your well articulated and understandable explanation of crypto related topics. I have to wonder, what was the one downvote here about?

@shanecoulston7304 5 жыл бұрын

Love your Work Ofir, all the way from Australia.... Go Etherium Go Bitcoin I love Bitcoin and the whole cripto its changing everything iknow about money ect