Cryptocurrency

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

Support our channel by using the Brave browser, browse up to 3 times faster, no ads, get rewarded for browsing:

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:

For the complete text guide visit:

Join our 7-day Bitcoin crash course absolutely free:

Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:

Get the latest news and prices on your phone:
iOS –
Android –

See anything we haven’t covered? Leave us a comment in the comment section below