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Ethereum and why everyone talks about it. Crypto in Plain English – Episode 5 - by cryptohunt.it
CLICK HERE to learn more about Ethereum through a FREE course by cryptohunt!
Today: Why the world can’t stop talking about Ethereum
Ethereum has recently passed Bitcoin in transaction volume, and that is no surprise to many - it enables a much wider range of uses. But how?
It’s easiest to compare it to Bitcoin. Both are blockchain technologies, but Bitcoin has just one use: A currency you can use to send Bitcoin between wallets. Which is huge in itself, but that’s it.
Ethereum on the other hand is “programmable money”. Insiders call what’s built on top of it dApps - “dee a pee pee as”. What that means is that people can create any type of crypto contract on it, as they can set the terms of how transactions work. Want to make a currency that sends 5% of all transactions to charity? Want to sell the rights to your artwork as an NFT? Want to create an insurance product? All possible.
And that’s why Ethereum is getting all the rage, because it has the potential to disrupt the entire financial system without anyone having central control over the awesome things people will do with it.
Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.
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By cryptohunt
5
44 ratings
CLICK HERE to learn more about Ethereum through a FREE course by cryptohunt!
Today: Why the world can’t stop talking about Ethereum
Ethereum has recently passed Bitcoin in transaction volume, and that is no surprise to many - it enables a much wider range of uses. But how?
It’s easiest to compare it to Bitcoin. Both are blockchain technologies, but Bitcoin has just one use: A currency you can use to send Bitcoin between wallets. Which is huge in itself, but that’s it.
Ethereum on the other hand is “programmable money”. Insiders call what’s built on top of it dApps - “dee a pee pee as”. What that means is that people can create any type of crypto contract on it, as they can set the terms of how transactions work. Want to make a currency that sends 5% of all transactions to charity? Want to sell the rights to your artwork as an NFT? Want to create an insurance product? All possible.
And that’s why Ethereum is getting all the rage, because it has the potential to disrupt the entire financial system without anyone having central control over the awesome things people will do with it.
Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.