50: What is Ethereum?

Ethereum has been the #2 cryptocurrency and we dedicated this episode to answer - what is Ethereum. Ideated in 2014, and having an official start in 2015, Ethereum got the most attention in the crypto boom of 2017 - mainly because of how easy it was to "Create" another cryptocurrency on top of Ethereum.

 

This main innovation - known as smart contracts - enabled many projects to live on the Ethereum Blockchain, and create their own token at the click of a button. Ethereum enabled DeFi and was the birthplace for NFTs.

 

Keegan's Newsletter on Ethereum - https://keeganfrancis.substack.com/p/a-detailed-analysis-of-ethereum

 

(00:00) - Introduction

(01:14) - What is Ethereum; and its role in the crypto boom of 2017

(04:56) - Our stance on Ethereum

(09:57) - The pitfalls of Ethereum

(13:45) - Smart contracts, and the high fees to interact with them on the Ethereum network

(17:34) - Contrasts with the fees required to transact with Bitcoin

(21:09) - NFTs, and DeFi

(29:06) - Closing Thoughts, Outro, and Socials

 

Edited and Mixed by Kaushik Sethunath.

Visit the Go Full Crypto website at: https://www.gofullcrypto.com