There is an Ethereum Whiteboard Tuesday explanation that makes things easy for beginners trying to wrap their head around what Ethereum is all about.
YouTube handle, 99Bitcoins gives a quick insight in to Ethereum like Bitcoin recap, Blockchain technology in a nutshell, what is Ethereum? How Ethereum works – The DAO and the Ethereum fork – Ethereum as a currency – Ethereum’s ICO – Conclusion.
One of the users stated that the explanation is an excellent video, which condenses all about ETH into less than 12 minutes, which is tough and must have been a lot of work.
Some say they have learned more in 5 minutes watching the video than they did in a day on Google. The videos many feel are clear and concise educative videos.
Sample Explanation: The answer to How Ethereum Works is particularly simple. Ethereum’s code language solidity is used to write “Smart Contracts” that are the logic that runs Dapps. In real life, all a contract is, is sets of “Ifs” and “Thens.” This means a set of conditions and actions. If I pay my landlord $1500 on the 1st of the month, then he lets me use my apartment. That’s exactly how smart contracts work on Ethereum. Ethereum developers write the conditions for their program or Dapp. And, then the Ethereum Network executes it. They are called smart contracts, because they deal with all of the aspects of the contract – enforcement, management, performance and payment.
This means that if there is a smart contract for paying rent, the landlord does not actively collect the money. The contract itself knows if the money has been sent. “If I Indeed send the money, then I will be able to open the apartment door. If I missed my payment, I will be locked out.”
However, smart contracts also have their downsides and more of such clear explanations are available!
The easy to understand explanations are worth it.
Meanwhile, Ethereum retweeted about a validator workshop. Users learnt more about how to set up a validator. Thus, keeping Ethereum decentralized for years to come.
This was a LIVE event where users were walked through how to set up and configure an ETH 2.0 Validator from a bare-metal configuration to a functioning ETH 2.0 Validator. During the ETH Staker Validator Workshop, users were presented with details about how to configure the machine, install the necessary software, and sync the validator as well.
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