What is ethereum, and how does it work?

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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[eth-oz]

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.

[chuek]

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.

[williamsfaulkner]

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.

[harryballzonya]

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

[reginamoore]

For me, this is a profitable asset now. I spend most of my USDT to buy ETH and hold it.

[morganacin]

Love how you explain blockchain technology; it's such an important topic.

[leolee]

Great content as always CNBC - keep up the good work!

[DNathan]

The excitement for Block Sailor Token is reaching fever pitch! 🔥

[Wooster]

Still looking for a knowledgeable crypto advocate who doesn’t sound like a used car salesman.

[maxthevalue]

It could as it offers DeFi an emerging technology that is looking to replace financial institutions such as banks. DeFi is the future baby.

[RaviShankar-lipm]

Very informative video. Thank You CNBC.

[cx_n]

GO ETH!! 👑 Yes high fees as they have NOT compromised unlike the apparent ‘ETH killers’

[dyno]

By 2030 Ethereum will be $200K per coin

[nightmare]

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

[larrson]

10:02

PoS is way more secure than PoW!

[jimwhitman]

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.

[-BILYAKIS-]

Bit Bank: a real technology in computing

[williamdolan]

When 2.0 is released the competition will be left behind very much like Tesla did in the EV world!

[DulceviridianaMartínezLópez]

Considering Block Sailor BLOCK for its safety features. Interested to see how it performs in the market.

[bham]

I would like to add that there are no humans controlling BTC, there fore it is just math and pure.