What is Ethereum? Ethereum Explained & Made Simple

[Deleted member 403]

 

[nwankwovivian247]

At its simplest, ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. We can also say it's in the crypto family.

 

[Nathaniel]

Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

 

[unhappy triad]

Ethereum is just like its counterpart the bitcoin with a lesser value. Based on blockchain so cannot be altered by hackers. Its growing faster than bitcoin. It rose by over 400% last year. Incredible right?
I don't how far it will project this year but it is looking promising.
What baffles me most is how it hit past 1000$ within a short period of time.

 

[EMMANUEL]

Ethereum is another type of crypto currency that comes into existence not quite long but it's now gaining it's ground all because Bitcoin has being there father since by Satoshi
Am looking forward to the ATM machine where I can withdrawal.

 

[Damscooguns73]

Concerning ethereum. It is a digital currency which is built on blockchain. Ethereum is the second leading cryptocurrency in the world presently because of it high risk in the cryptocurrency market, the leading cryptocurrency is called bitcoin. Ethereum gives people the opportunity to invest and make profit either by trading or leaving it for a long period of time to yield more profit

 

[Denuola]

Ethereum is a global, decentralized platform for money and new kinds of applications. On Ethereum, you can write code that controls the money, and build applications accessible anywhere in the world.

 

[Zevin]

A good explainer video. I have never taken interest in Ethereum until it started growing tremendously last year. When I heard of Ethereum in 2016, I think it was $12. I did have money back then and if I had wanted I could have bought a lot of ether. I would have become very rich. But then who had guessed crypto currencies would grow so big. I had never owned ethereum until recently.

 

[tuna89]

Thanks for the video, as a lover of programming, one of the new things i have learnt from the video is that the crypto allows programmers to be able to build whatever transactions they prefer, that means there is no need creating a new blockchain for every app, lots of apps can depend on just one blockchain.

 

[Judee201]

Ethereum is a decentralized open source platform that wants to become the internet of the future. It is an application that uses electronic contracts to successfully execute the terms and conditions between users.

Some people think Ethereum is no match for bitcoin, they're wrong.

 

[Blue house]

Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Ethereum is a network that lets us perform very versatile functions, as opposed to basic transactions.

 

[Nomad]

Ethereum is a crypto currency as well as blockchain based platform that will allow anyone t crate their own Ethereum based token. As a currency, Ethereum is growing rapidly.

 

[Ifective]

I am new to these crypto stuff that I had to check the comment section for answers. At least I have information about what ethereum is and I find that very profiting. Going to learn more about other blockchains

 

[Ralphjoe]

Ethereum is a cryptocurrency that runs on the blockchain Technology that is quite unique from that of Bitcoin. It's a digital currency that can be used as an online payment currency to purchase goods and services online. It's cryptocurrency that can be used to create other tokens based on It and it has the highest token based on it.

 

[Lens]

Etherium as record lots of recognition and success lots of time. It's one of the best cryptocurrency around and it's definitely the second on the cryptocurrency chart table. It has recorded also lots of critism based on it humongous gas fees. I guess the issue of the gas fees on Etherium platform is addressed.

 

[Kingstone]

Ethereum is one of the best altcoins in the world and it is the second-largest to Bitcoin. Surprisingly, I never knew when the coin rose above $3k price mark. My focus was on Bitcoin and I earned quite some few last year.

 

[Sotherefore]

Ethereum is one of the best altcoins in the world and it is the second-largest to Bitcoin. Surprisingly, I never knew when the coin rose above $3k price mark. My focus was on Bitcoin and I earned quite some few last year.

That is true it is the second highest cryptocurrency in the world and one thing I like about them now is that they have reduce the transaction fee meaning that you can transact with the ethereum network without having to worry about the high transaction. it is a nice development.

 

[HayKay]

At its simplest, ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. We can also say it's in the crypto family.

Very simple detailed description. What they're trying to do isn't creating a currency in the real sense of it but creating a platform that would enhance transactions in the blockchain.