What is Ethereum? A beginner’s guide.


okay guys so in this video you’d be learning what is Ethereum but first someone talked a little bit about Bitcoin so you can see the difference between Bitcoin and aetherium because they are similar but a little bit different okay so Bitcoin was created in 2008 by Satoshi Nakamoto we don’t know who he is the great thing about Bitcoin is an interesting thing about Bitcoin nobody owns it it is a decentralized technology that is online there’s no CEO CMO CFO CTO that doesn’t exist there are developers and there’s core teams around the world that are working on the Bitcoin protocol together to expand the technology so bitcoins really really good at storing value it has the same immutable ledger since eight years ago it’s hacked some soft Forks it cetera and for now it’s immutable there might be there might be a hard fork this er I don’t know it might it might not be hopefully it doesn’t whatever we’ll see that’s technology but it’s really good at storing value the issue right now is the scalability issue and if you have speed transactions per second you know it’s not really viable for me to go inside a store say boom I want to buy something because it’s not instantaneous at the current moment it’s really good at remittances sending money internationally for pennies because I don’t need the money instantaneously I can wait an hour to get my money okay capisce okay so let’s look at ethereal if Tyrion was founded by the talaq butyrin a couple of years ago Vitalik was working with the big boy magazine he was working on Bitcoin very well-versed in that industry and basically he saw an opportunity to expand the original blockchain technology that was Bitcoin into theorem so what if Tyrion is is a first of all it’s a complete different blockchain protocol you have Bitcoin which I forgot to mention functions on proof-of-work so computations of gaming graphics of GPUs they put all these mathematical things to solve a problem by random solving so it’s not like yeah it’s actually guesswork so computers are guessing a certain nuts this mathematical equation solve a problem hence it goes to blockchain so it’s proof of work if theorem right now is proof of work but soon to be proof of state virtual mind okay so aetherium is a different blockchain than big now this is what theorem is it has some currency which is called either and ether makes a theorem right so the difference between aetherium and bitcoin is a etherium will seem to be proof let’s say that’s a big difference that’s next year be it’s a different cryptocurrency if it is etherium see a major difference there are real finger heads to run aetherium you have italic you have some other people so there are these key people that you can actually speak to in real life to get real feedback on what’s going on with the blockchain protocol that is etherium and another one a huge one which what if your MS baseman is smart contracts so smart contracts are kind of like digital code some people call it code well let’s just call it digital triggers that you can implement online to execute certain tasks that you need I’ll give you example I call it a virtual vending machine okay so let’s say I put on an escrow and I put a certain rule in escrow meaning that when certain people register their five votes into this escrow automatically that escrow will open up and send five people this many cryptocurrency of ether so it’s same thing like a vending machine where I put in a dollar I press a code that code executes a trigger that trigger you know spins out a different candy bar for me and I get it it’s no different than what we do in email marketing with automation if you’re familiar with automation setting up funnels that’s what smart contracts are there based on triggers and rules and laws they implement but based on the ether and currency and it’s really quite amazing type of technology nothing crazy new but but implementing it this way is pretty new and pretty revolutionary you say okay so another great thing about aetherium is decentralized apps so with the theory and think of it kind of like you know Linux or kind of like Microsoft where people would build on top of those software’s so you have the etherium blockchain has the base as the protocol then you have these tabs decentralized applications are built on top of a theory certainly centralized company such as Gollum right where they are trying to use your spare computer resources so you can sell on sides actually a pretty cool idea if you look into it okay so etherium is more I’ll say flexible than Bitcoin it has more developers I may be mistaken on that it has a different mythos than Bitcoin it’s not claiming to be the true source of like stored value as like Bitcoin might be say digital gold and it’s more like an hedge the theorem is trying to be a true software company where other software developers and startups can build on top of it as well as with the theory and protocol you need small amounts of ether to run as gas so without small amounts of ether you can’t execute the contracts of smart contracts that I talked about so let’s all summarize what a theorem is it is a new blockchain separate from Bitcoin the has co-founders around the world the main founder here is vitalik from Toronto it has smart contracts which is different from Bitcoin it has a different cryptocurrency which is a theorem it has decentralized apps or applications you can build on top of aetherium and it’s considered the world’s computer and above all which is not yet today as I mentioned proof of stake right so virtual mining we’ll see how that goes that’s happening mmm next year hopefully we’ll see but yeah there are a lot of differences but a lot of similarities theorem wouldn’t be here if it wasn’t for Bitcoin and actually all of the block chains wouldn’t be here if it wasn’t for Bitcoin Bitcoin open the door open up Pandora’s box for everything that you see today so I’m a huge supporter of a theorem as you can see I think they have amazing dev team I think I’ve amazing leadership the community is amazing the startups being built on top of a theorem are amazing like I mentioned before Gollum that’s what my favorites right now currently on there and I have high hopes for it as you can see currently just because of the issues with Bitcoin with the supposed fork from core and a limited and you know people are losing trust and faith in Bitcoin I love Bitcoin I still have a bunch of them and I’m never gonna let them go I don’t consider myself a Bitcoin maximalist but hey it’s the first it’s beautiful and I think it’s gonna be around for a much longer time regardless if it’s like Bitcoin unlimited or the Bitcoin core but yes get involved in aetherium get some aetherium understand it ooh and I forgot to mention another major difference with etherium is Bitcoin is based on C++ not too many people learn it today and it’s kind eluded if they’re amiss based on JavaScript so if you’re very good at JavaScript you can easily learn their programming language called solidity okay if you want more information about solidity if you are a developer programmer check the link before we do offer courses for that so that’s a huge benefit how many JavaScript developers are there a lot and it’s quite easy principles to learn so if you’re really good at JavaScript you have a really greater chance of learning solidity which is their main programming language on aetherium right now so yeah I really forgot to mention that but yeah there you have it that’s what if your aim is like I mentioned before guys if you’re new only if you’re new get yourself an aetherium wallet or any or any like joint wallet multi wallet and leave a comment below with what video you want me to make an X or share this video and leave me your either address and I’ll send me some aetherium and yeah that’s a guys have a great day peace Oh PS people wondering how to buy aetherium to decent spots to buy it coinbase I believe

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