What is Ethereum? A Beginner's Explanation in Plain English
Ғылым және технология
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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:
/ the-truth-about-smart-...
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See anything we haven't covered? Leave us a comment in the comment section below
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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?
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3 жыл бұрын
oojh
@chuahuangchiang7939
3 жыл бұрын
Thanks 👍
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Жыл бұрын
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Жыл бұрын
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Жыл бұрын
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Жыл бұрын
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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Жыл бұрын
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Thanks, I'm understanding 40% of what you're saying, which is 1000 times more than anyone else's explanations
@katerinabentley5882
3 жыл бұрын
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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
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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.
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 +
@nathancarranza9860
4 жыл бұрын
pax north Definitely. He speaks professionally and clearly. He doesn’t feel the need to mimic some sort of KZreadr, fast-talking personality.
@trollface1994
4 жыл бұрын
C ++ actually.
@63news109
4 жыл бұрын
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@Tobyee
4 жыл бұрын
💪💪💪
@jatoxa
4 жыл бұрын
He reminds me of Mr. DNA from Jurassic Park.
This is by far the best explanation of Ethereum on KZread. Thank you!
I can not imagine that the knowledge you provide is free .. applause !!
@sunshineedits1
3 жыл бұрын
👏🏻
This is the best explaination out there. No competition 💪💯
@Jay-cq5qr
2 жыл бұрын
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.
@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.
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.
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.
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.
This guy is the ultimate explainer.
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3 жыл бұрын
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise
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3 жыл бұрын
Trading bitcoins has kept me going throughout this pandemic, I’ve made a huge amount of profit from it too
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3 жыл бұрын
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
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.
I wish every school had teachers like him!
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
If we want cryptocurrency to stay and thrive then we must start voting for politicians that will support cryptocurrency. Best way to make them change their way so we get our way. Stand up and fight. Spread this message. Time to change before it gets shut down.
He might just be the best instructor of all time.
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3 жыл бұрын
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3 жыл бұрын
it's super profitable trust me
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3 жыл бұрын
wow seems like people are making a lot of money from bitcoin investing now
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3 жыл бұрын
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@admin..4716
3 жыл бұрын
I see people saying bitcoin won't go up? LOL
Successful people don't become that way overnight. Most people you see as a glance-wealth, a great career, purpose-is the result of hand work and hustle over time. I pray that anyone who reads this will be successful in life
dang, Imma binge all of these
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.
Well done, thank-you I feel smarter after watching that!
Really awesome explanation, straight to the point and concise. Thank you very much!
Great videos! You make it very easy to understand some of these complex topics
Very professionally and clearly.
He explains everything in such detail!
Just wanted to say thank you .... I am binge watching your videos this weekend...
Thanks a bunch for all of this information in plain and simple English, really helpful!!
your explanations are really good. for the first time, I understood what is bitcoin by watching your videos.
A great condensed explanation. Thank you!
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❤️
I know you probably get this all the time, but THANK YOU for your videos, the time you take to produce these fact-filled clips. For someone like me who’s starting out in crypto, your knowledge and clips have helped immensely initially. Cheers.
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
Super good presentation on ETH, thanks so much!
A very helpful and informative explanation. Much appreciated video!
Another clear and concise video! Thanks Nate!
I don't think I could have even imagined a better explanation than the one this guy gave. Many thanks!!!
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
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...
This Guy is The BEST crypto instructor of ours times.
@tdrxy
3 жыл бұрын
BOT
@user-qg4kl3tj5t
3 жыл бұрын
Im
awsome explanation man , thanks for the intelligence to make it so simple.
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Fallen love with explanation of this guy....
Thank you for this! Amazing explanation.
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I very much appreciate your plain language and very structured approach of explaining complex tech. Thumbs up
Thanks for educateing me, I am starting to understand
Thanks for the explanation, eventhough I still don't fully understand it is still useful information.
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?
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
This was so informative! Thank you for breaking it down and explaining it in a way that a your normal everyday person could understand!
This channel changed me life. Thank you 🙏🏽
This channel is 100% the very best Crypto/blockchain resource on KZread. That's all folks.
Thanks for the explanation, i'm new to crypto and this is really helpful
Wow this is actually amazing stuff, I had no idea it went this deep
Fantasticly clear and instructive video. Thank you!
You are AMAZING explaining stuff
Great video! Amazingly well explained, thanks!
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!!
How Calmly and Perfectly, You have defined... Really Great... Thanks... With Warm Regards...
Wow what an explanation THANK YOU!!!!!
Best simplified explanation
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
Beautiful explanation. Thank you.
This man is gifted, explained it so simply, life changing info 👌👌
I wish I knew about this upon release of the video! Congrats everyone ;)
I’m watching this 2 years after release, would be cool if you make a new video discussing Eth 2.0 and EIP-1559
this was amazing! thank you for all the info and for the way that it was presented!
I have got your all points and ready to showoff in my friends by explaning this thank you
sir, your explanations rox ! i just can imagine a word suitable and adequate to praise your work, so called university lecturers should learn from people like you on how to explain something to someone else, keep up the good work sir, and live long !
@supremesoftware
3 жыл бұрын
The less you don't know about Ethereum, the wiser you are.
Amazing explanation sir, thank you so much.
Your explanation rocks. Thanks for sharing!
THANK YOU !!! Amazing explanation ! Subscribed !
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
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
@@99Bitcoins you deserve it, thank you.
@erikschaepers
2 жыл бұрын
@@99Bitcoins I could not agree more. Great work, thanks a lot
Definitely be sharing this video, very informative to the point ! Crystal clear presentation, thank you :)
@geetrinity
4 жыл бұрын
Hello
BEST PLAIN LANGUAGE EXPLANATION THANK YOU SO MUCH!!!!
Excellent explanations - thank you
Excellent understanding 👏👌, Good teacher wonderful, I am feeling so happy to I got to know the future of the 🌎
We work for 40yrs to have $1M in our retirement, meanwhile some people are putting just $10k in a meme coin for months ago and now they are multimillionaires power of digital currency.
This channel is the best for beginners. I come across some new technical terms and I come to 99 bitcoins. Quality informative work.
Thank you.clear, precious and very informative
after i watched soo many videos, now i get the grasp of it..thank you
U're a good lecturer. 👍
Sooo informative, you're a great teacher, thank you
Excellent explanation of ethereum. I share this with everyone who is interested in learning about ethereum and Dapps. Great job.
Best vid explanation of blockchain so far. Hats off.
Excellent video. Much appreciated. A straight-forward, clear and helpful explanation without sounding patronising. Thank you.
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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
Just what I needed to understand the ecosystem! Thank you!
Thanks dude! Really amazing explanation on all this stuff.
Ah, an informative yet easy-to-understand explanation about Etherium. Thanks.
@extravod2616
3 жыл бұрын
Yes true, the video is helpful and enlightening.
Breath of fresh air. Thanks for simplified explanation.
This is the first comment i have ever done in KZread with alot of support and enthusiasm. Really loved the way he explained the block chain and ethereum works and now it feels like they are also just some simple things to understand but not some understandable technologies and damn complex. Lots of love from my side❤.
Very well explained!!! Thanks!!!
excellent video! thank you for your work!
wow amazing feed back below ,i've never seen the likes of it , am happy for you!
Best teacher, ever. Thank you.
Thank you! This is a great and very clear explanation - right to the point. 👍🏻
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?