Episode 7: Intro to Ethereum, smart contracts, dapps, gas, Proof of Stake, and Ethereum 2.0
![Episode 7: Intro to Ethereum, smart contracts, dapps, gas, Proof of Stake, and Ethereum 2.0](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/5d9d028557725a62b70a40b58784638c.jpg)
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Recommendation: I notice that a lot of people skip straight to this episode. Even though I agree that Ethereum is more interesting than Bitcoin, I want to encourage you to...
show more- What is Ethereum? If Bitcoin is like digital gold, Ethereum (the #2 most popular cryptocurrency) is like programmable money and the foundation of a vast ecosystem of apps
- Smart contracts remove the need for a third party like a bank or lawyer
- You can buy a huge range of goods and services with Ethereum
- The benefits of Ethereum dapps over traditional apps, and how dapps actually run
- What gas is and how the community has been addressing the high gas fee problem
- The transition to Ethereum 2.0 and Proof of Stake, which will make Ethereum use 100x less energy (i.e., it will address the environmental concerns people have with Bitcoin)
-----
Update: In this episode, I recommended the website gasnow.org. Sadly, it had been based in China and was shut down in October 2021 due to China's crypto ban. Instead, I now recommend https://etherscan.io/gastracker and https://ethereumprice.org/gas/.
-----
The corresponding blog post with links and images:
https://www.michaelcaloz.com/2021/06/09/ethereum-the-2-most-popular-cryptocurrency-and-the-one-im-most-excited-about-smart-contracts-dapps-gas-and-the-high-gas-fee-problem-proof-of-stake-pos-and-ethereum-2-0/
Information
Author | Michael Caloz |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company