What is Ethereum? A Beginner’s Explanation

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2,940,844 views Jun 26, 2018 The Complete Beginner’s Crypto Crash Course

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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

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