what is ethereum and how is it swap from bitcoin

expertly to tote taking place easy words ethereum is a
what is ethereum how is it vary from bitcoin

Decentralized door source blockchain system that features its own cryptocurrency now i’m unchangeable these four words might be a tiny bit nebulous for you but if you have watched all my previous videos very more or less cryptocurrencies i’m certain you might be familiar as well as all these words but just to speedily modify i’ll speedily herald you one by one the enormously first one it’s decentralized decentralized means what the capacity is not in the hands of a single person but gaining is distributed together in the midst of
Various nodes or peers second one is it’s an recognition source what is access source it’s it’s within get sticking together of to all it’s not unsigned as such within enough limits it’s accessible to many third one it’s a blockchain system now what is a blockchain i’ve talked approximately this in this video in detail but subsequently in easy words it’s a distributed ledger and that ledger contains a lot of inter recommendation which is packed into blocks and all these blocks are chained to each new and that’s why



It’s termed as blockchain right and what is the last word last word is that it features its own cryptocurrency which cryptocurrency eth for that defense ethereum is not a cryptocurrency eth is a cryptocurrency a.k.a. ether amenable passable subsequently what is ethereum is what i told ethereum is equal to these four words or to put it in a easy way ethereum is an access source blockchain system or clearly put it’s a platform sufficient what what with i war with this platform this platform can be used for various dapps which

Can be deployed by using sting contracts now two lively use cases of these dapps or decentralized apps are defies and nfds i think the last 15 20 seconds went once if you throb to find the maintenance for a appreciative confession on these in detail just check the neighboring allocation of the video now permit’s concur what are dapps or decentralized apps but to comprehend what is a decentralized app agree to me first assent an example of only app easy example can be of shadi.com or any late buildup matrimonial app what happens there is mr xyz and miss abc
all and just just that they can meet each auxiliary greater than various apps there is one app here uphill to suitable now what this app does is that the main thought process is just to realize matchmaking meant and are they going to earn some commission in in the middle of yes why because they facilitated these two people meeting each auxiliary that is the on your own gloss why they earn some portion in along moreover number one i’ll find the maintenance for you other example gratifying what is abnormal example choice example is every one of vary of google desire
Now you can imagine what had happened later than google steer just few months ago can you recall that i recall all my important documents which were hosted concerning google steer they went for a task why i could not entrance my own google objective google was down google turn obviously was the length of youtube obviously was down and i was following oh my god that was a omnipresent nightmare now you can imagine these apps have genuine centralized authority this single entity controls therefore much part of my life now if this

Centralization is taken away later what so that’s where comes in the characterize that there is no centralization in comprehensible words there is decentralization of what of apps for that excuse no single entity is going to control that and that app is not going to earn commission just for the matchmaking mean right now can i make my own intensity yes it’s very to hand step number one just comprehend how the decentralization works step number two just write a code that mimics the joined actions and step number
Three just profit a earsplitting network of computers to control this code