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Ethereum was proposed in 2013 and brought to life in 2014 by Vitalik Buterin. Unlike the Bitcoin network which was designed for Bitcoin transactions only, Ethereum is a DIY platform for decentralized apps (or Dapps) that uses smart contracts. ‘Ether’ is Ethereum network’s currency and it is used for running Dapps.

0:34 Quick Bitcoin recap
1:27 Blockchain technology in a nutshell
3:30 What is Ethereum?
5:43 How Ethereum works
8:14 The DAO and the Ethereum fork
9:47 Ethereum as a currency
10:39 Ethereum's ICO
11:09 Conclusion

Special thanks to Jimmy Song who's post about Smart Contracts helped us a lot in creating this video:
  / thetruthaboutsmartcontracts  

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