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

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

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Ethereum was proposed in 2013 and delivered to life in 2014 by Vitalik Buterin. In contrast to the Bitcoin community which was designed for Bitcoin transactions solely, Ethereum is a DIY platform for decentralized apps (or Dapps) that makes use of good contracts. ‘Ether’ is Ethereum community’s foreign money and it’s used for operating Dapps.

0:34 – Fast Bitcoin recap
1:27 – Blockchain expertise in a nutshell
3:30 – What’s Ethereum?
5:43 – How Ethereum works
8:14 – The DAO and the Ethereum fork
9:47 – Ethereum as a foreign money
10:39 – Ethereum’s ICO
11:09 – Conclusion

Particular due to Jimmy Track who’s submit about Good Contracts helped us so much in creating this video:
https://medium.com/@jimmysong/the-truth-about-smart-contracts-ae825271811f

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