What is ethereum, and how does it work?
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- čas přidán 7. 08. 2024
- Ethereum is the world's second-biggest cryptocurrency, and it's giving bitcoin a run for its money.
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Ethereum once was seen as bitcoin's little brother. Now, things have changed.
The ethereum cryptocurrency, known as ether, has claimed a sizable share of the crypto market. And its underlying blockchain platform is powering innovations in the space, from decentralized finance to non-fungible tokens.
But technical issues with the ethereum network are proving costly, with users being forced to pay high "gas fees" to make transactions. And a flood of new tokens known as "ethereum killers" are hot on its tail.
That could be about to change as ethereum moves over to a new standard which proponents say will make it run more efficiently.
#CNBC #Ethereum #Crypto
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This exceptional video provides a comprehensive explanation of Ethereum that can be understood by non-techies. Many kudos to the Creator / Presenter. *** My two cents is: The major ETH v2 Upgrade will come in two substantial parts -- or phases. The first will complete the transition to Proof of Stake and end ETH mining (aka Proof of Work). That first phase is very likely to occur before the 2nd Quarter of 2022 ends. The second phase will incorporate 'sharding' technology, which will greatly increase the speed of transactions on the Ethereum blockchain network. That second phase is expected to occur in early 2023. Also, there will be several significant additional minor upgrades along the way. Ethereum's future is extremely bright. One might consider investing in ETH comparable to buying Google stock in 2004.
Update please?
ETHEREUM TO DA MOON!!! 20K EZ!!!!!!!!!
Great content as always CNBC - keep up the good work!
ZOG coin
Ethereum might flip Bitcoin at some point, because it's a banker coin, but it will go back below BTC as countries adopt it and as it becomes the world's reserve currency.
Why wouldn't governments rather use Ethereum? It does more volume on it and they can easily link their national currencies up to it.
@@davycrockett8886 governments will use Ethereum that's a fact. Ethereum is their only chance to keep controlling their currencies.
Ethereum is centralized... Jp Morgan... There are companies tied to Ethereum that just stopped an entire country from using Ethereum on accident and exposed themselves
Also they sold metamask and Infura to JP Morgan. But people like to be blind as long as they make money.
I respect the work you put into your videos. I find it truly baffling that all major crypto youtubers just look at pure wave and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as bullish as it seems.
Thank you for this fantastic video!
Still looking for a knowledgeable crypto advocate who doesn’t sound like a used car salesman.
Very informative video. Thank You CNBC.
Etherium 2.0 to the moon
@@jessicawiley5797 meaby
The excitement for Block Sailor Token is reaching fever pitch! 🔥
It could as it offers DeFi an emerging technology that is looking to replace financial institutions such as banks. DeFi is the future baby.
I agree, it's the future but how far into the future?
We can at most produce 27 transactions every second with blockchain so far and comparing that to the regular fiat currency network it isn't even 1/10th..
Until someone can come up with a cost effective blockchain, either forked or just plain new - the banking industry will remain the same.
Except that Ethereum is owned by banks and relies on Infura, which is owned by one guy. You are replacing banks with another bank.
I think that Ethereum is now quite a promising currency. Therefore, I prefer to buy ETH on Bitfinex and hold.
I hope you kept holding
GO ETH!! 👑 Yes high fees as they have NOT compromised unlike the apparent ‘ETH killers’
Good to see you again.
Nice video.
Considering Block Sailor BLOCK for its safety features. Interested to see how it performs in the market.
Thank you~
For me, this is a profitable asset now. I spend most of my USDT to buy ETH and hold it.
Go ETH go !!!
No cat purse boy no!
down the hole?
PWAR is a low-cap hidden gem & polkawar has all the potential to 100x. it's a low cap gem with good fundamentals and utility
10:02
PoS is way more secure than PoW!
Ethereum to the mooooon 🚀🚀🚀🚀🚀
You know something is really going against the man when it's got its own commercial on NBC
bitcoin cant be controlled that is why it is king and always will be, with everything becoming more regulated sure ethereum might take off but bitcoin i think will be worth alot once people realize its true worth
Block Sailor BLOCK caught my eye. The $10 prediction has me curious. Time to delve into the project details.
Ethereum 2.0 should be around by October if not earlier. This in turn will use proof of stake. Hope this fructifies.
1:34 Nice name
Bit Bank: a real technology in computing
Imagine any country able to give u the highest stake for validation and become the market leader and able to copy and act on the data
Ok
Lets pump ETH to the moon !
Eth is a security. Don’t lose your money
Block Sailor BLOCK's momentum is undeniable. How are you playing it?
I'm afraid the longer ethereum takes to upgrade to 2.0, the more market share it losses to its competitors. Vitalik should hurry up before it's too late.
nah it will be fine there are other companies making it more scalable
lol ok
@@InsectAlien Oh joy, another Lightning Network
Your concern is without merit. The major ETH v2 Upgrade will come in two substantial parts -- or phases. The first will complete the transition to Proof of Stake and end ETH mining (aka Proof of Work). That first phase is very likely to occur before the 2nd Quarter of 2022 ends. The second phase will incorporate 'sharding' technology, which will greatly increase the speed of transactions on the Ethereum blockchain network. That second phase is expected to occur in early 2023. Also, there will be several significant additional minor upgrades along the way. Ethereum's future is extremely bright. One might consider investing in ETH comparable to buying Google stock in 2004.
Arbitrum, Optimism,Polygon,Loopring L2s
It's me Michel
I would like to add that there are no humans controlling BTC, there fore it is just math and pure.
When 2.0 is released the competition will be left behind very much like Tesla did in the EV world!
Lmao I don’t think so
We been waiting for 2.0 since 2016
@@raygrenade1697 that’s nice it’s coming in a few months
@@williamdolan7189 no it’s not. The merge is coming in a few months, but all that does is move ethereum from proof of work to proof of stake. It does nothing for the scaleability, but that we need to wait for sharding, which is still a long way off.
There is more value staked in luna and luna it's been around not so long, lol! Eth will never stop competition, it's just another coin don't be religious.
Block Sailor BLOCK's surge is turning heads. How are you capitalizing?
I'm waiting for Waobiwan.
Sheratism
I still don't get it.
TO THE MOON!!!!!
Bitcoin will always be #1
I think Eth IS the king of crypto because of all that is going on with it. $hitcorn was anonymously made them abandoned and people treat it like a security. XRP might be king once it’s used for cross border payments. Nfts built on Ethereum are silly but there are stable coins built on it too
Eth to buy Meth? or just some popcorn :)
These tokens were typically made by merchants and local businesses as well as local authorities and had nominal values denominated in their value in cash coins.
New Zealand Lord Of Rings Silver Plated 41mm Magnetic Medal Token Coin AU
$1.99
Thats probably why JD owns a big part of ethereum from what I'm seeing. If true Ethereum is a banker coin centralized GARBAGE!!
By 2030 Ethereum will be $200K per coin
That's huge, it's hard to believe, but let's wait and see.
That’s a tall task for eth.Hopefully you’re correct my friend.2030= Ethereum 70,000.
Then I will have 100 million lol
@@lalisa2486 how much did u put in?
@@yessirskismellcapp2223 I bought 500 coins few years ago when it was below a dollar.
No
Very instructive video, thank you.
TLDR: No
Is it necessary to still show a PHYSICAL coin to talk about cryptocurrencies??? REALLY!?!?! 2022 guys!!
Vitalik is Russian-Canadian not Russian
10:46
Proof of stake will only enhance Buterins ownership of Ethereum. Wake up people.
Block Sailor BLOCK is catching everyone's attention. What's your take?
Lol dream on! But eth will exist
it doesn´t.
Banker Coin
Ethereum!
BTC >>>>> ETH
I wish I didn't stake my Ethereum... I don't trust Ethereum anymore... They are in fact centralized... That is indisputable
Text me directly 👆👆👆
People are so blind. The original network that is still decentralized is Ethereum Classic. If you want what Ethereum was then buy etc, if you want a centralized network then buy eth.
Vitalik Buterin said it best. "Ethereum Classic is a perfectly fine chain it didn't betray the original vision".
Look it up yourself.
Nope
😂😂😂 eth is about to get sued for its ICO good luck y’all. BTC is king but even XRP will flip eth this year..
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No thats xrp
Eth $200k by 2030🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
ethereum can be real programmable "money" conversely bitcoin is aking to digital gold (collectible keys)
Its only a matter of time before ETH flips BTC... The increasing TVL between the two proves this...
ESG mandates will only allow institutions to hold a certain amount of BTC on its balance sheet BUT with ETH going 99.9% more green than BTC, a vast amount (2% to 5%) of ethereum CAN be put on the corporate balance sheet. Guess what that will do to the price of ETH.
Also with bond rates dropping year after year it looks as if Etheruem is could replace the US bond.
Excellent analysis. The Europe Union's prospective cryptocurrency legislation will heavily penalize cryptocurrencies that use massive amounts of energy (expended in mining). ETH will become the Green-Friendly cryptocurrency. That should give ETH another big leg up.
Except that there are already better alternatives to Ethereum that are better, faster, and have reliable fees
You just described why Ethereum is centralized and why it will never be sound money. The code will change if the landlords of the world want it to. Meaning not censorship resistant and meaning it can change as much as the leaders of the world please. That's not how sound Money works kid, the best money has no changes ✌️
Thanks you for this educative video. It is insightful.
Let me also introduce to you Smart Aliens.. it is an amazing project. I'll love to have you join us
Bitcoin = $1,396
Funny them talking about Bitcoin being a store of value, but they don't admit Ethereum will have less inflation than Bitcoin after the MERGE.
Ethereum already processes more value than Bitcoin and appears more useful than Bitcoin.
Eth is trash bitcoin is the only crypto currency out here for the people
there is another problem with bitcoin that people don't realize. the amount of bitcoin is limited and network created new crypto in order to reward the validator. if there is no bitcoin to give to validator from network, the transaction cost jumps too high.
I hate to say it but Dogecoin’s model of flat supply inflation is actually a good direction to move in for a number of directions.
XDC will kill Ethereum! XDC is the REAL Ethereum Killer! 👍!!
I like how they representing digital currency in IRL .😂
Admittedly, it's quite difficult to make crypto visual!
@@CNBCi indeed ,maybe you should symbolise them code numbers😂
You know something is DEFI when it's backed by NBC. Oh wait
Wow you guys are so late. Ethereum doesn't scale. And it's not really deflationary
“How cryptocurrencies have fared amid Russia-Ukraine war
Investors say that during the war bitcoin's characteristics have stoked demand and helped it outperform other traditional havens.”
When eth 2.0, eth will dump
This is not a different coin than eth
Doge.
Something doesn't seem kosher with this whole thing and the guy who created it. He appears to me as a victim of some sort.
crypto is speculation, not investing
Cryptocurrencies are speculation. But Ethereum is a revolutionary TECHNOLOGY that will dramatically change computing. Thus, ETH is the exception.
He is a Russian ffs.
If we have ETH already, will it convert to ETHEREUM 2.0, or is that something we'll have to Buy? 🤔
Nope never going to happen. BTC forever king
Eth is garbage. And they will be brought up on ICO charges. #1 btc #2xrp #3 lite coin . Ether will be on the stock exchange because they offered it up as a security in its ICO.
It is going to happen, n is gonna happen probably this year or the next
because you own bitcoin. right?
@@Mars_Coins Keep dreaming man. Bitcoin has product market fit, everything else is crap
ETH is a winner
No chance against bitcoin man
@@kingchristopherpaul477hutc8 ever since I bought it years ago, I have nothing but gains, I’m holding long term though. But even when I do short term trades it’s been good to me.
@@michael2275 as of this moment, I do agree
@@eclipseotik Imo BTC will be king of crypto forever
Cardano
JP Morgan = Ethereum
Can ethereum do this ıdk but Avax can do
How much you betting?
BTC >>>> all crap coins
Banker coin? Hell no. BTC is freedom
After hacking "shomoy tv" youtube channel, I came here to know what is Ethereum?? Who else came like me??
Nope eth can't even get to $5,000
Ethereum = $21.00
Ponzi coin
Shitcoining at it's finest
Yes, easily. Bitcoin is your grandfather's Crypto. It's a failed currency and only had value because so many people have a vested interest in making it seem do. Eth is ok, but it's marginally better than Bitcoin, and has bee surpassed by current gen Blockchains dramatically in terms of utility, speed, price, and decentralization.
you are wacked SOlana has crashed twice this year. There are 200 000 developers working on ETH you have zero clue about layer 2 solutions.
ETH is garbage compared to Solana, Polygon, etc. already. Not scalable.
PFF Solana that has crashed twice this year. ETH has 200 000 developers working on it as we speak. there are 22 layer 2 solutions ready today and another 50 being built. Youhave zero clue.
Eth 2.0 is coming
ICP Internet Computer and ckETH/ckBTC is so much more and exactly what so many people have been waiting for for many years, long before the Internet itself, and ICP fills exactly this gap as the introduction to digital currencies did back then ❤️🔥
Eth to buy Meth? or just some popcorn :)