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

Start trading Bitcoin and cryptocurrency here: http://bit.ly/3qDOEmvEthereum 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 recap1:27 - Blockchain technology in a nutshell3:30 - What is Ethereum?5:43 - How Ethereum works8:14 - The DAO and the Ethereum fork9:47 - Ethereum as a currency10:39 - Ethereum's ICO11:09 - ConclusionSpecial thanks to Jimmy Song who's post about Smart Contracts helped us a lot in creating this video:https://medium.com/@jimmysong/the-truth-about-smart-contracts-ae825271811fFor the complete text guide visit: http://bit.ly/2RAjY4jJoin our 7-day Bitcoin crash course absolutely free:http://bit.ly/2pB4X5BLearn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:http://bit.ly/2BVbxeFSee anything we haven't covered? Leave us a comment in the comment section below