Web3bridge Students (cohort 11) Share What They’ve Learned: Understanding Ethereum

this video is brought to you by L the official sponsors 11 my name is Sam say I'm excited to bring you the latest updates of my learning process in web 3 breach Co 11 um so the experience with me my first week at here at web3 Bridge cohort it's been an interesting experience in regards to knowledge acquired so the great thing that I'm experiencing here is that it's not just um um our classes or our lectures are not just enta toward us um building out smart contract sitting down and then mashing out code but then like the theoretical aspect for us to understand the system itself that will be building on top the ethereum system how it works consensus proof of stake um the properties the features security itself those are actually very P information that I'm actually learning for the first time is actually more interesting like regular classroom couple with the fact that what you're learning you'll still be making use of it not the regular classroom that you just have to learn and learn and learn and and you won't see the Practical aspect of it so uh Bitcoin has been in existence and developers noticed that it has a certain limitations which has to just do with only digital currency other things cannot be achieved on bitcoin so developers started making research on how they can actually build something or either adding another Futures on blockchain that can help them achieve other things aside the digital currency alone in 2013 December 2013 balik released the white paper of ethereum and after a while Dr Gavin wood which is the co-founder of ethereum reached out to him and they started the process of how they brought in uh ethereum July 2015 balik and Gin Dr Gin wood released the first mind of etherum and the aim of etherum was to decentralize everything to make sure everything most of the Futures most of the things are been decentralized and ethereum is actually a a computer that that is built in that has a a touring complete build that is built to to to perform a touring complete which means it can actually perform everything can actually achieve most of the things which Bitcoin could not achieve and uh eum has like four stages of four stages the first being Frontier home state metropolis and serenity now each of these respective stages of development is meant to introduce key features and development to help sustain and make the product on ethereum chain as strong as possible and in between the respective um pivotal points of development they also have subsidiary um Cycles as well of development or deployments that are made um one of it um is um was it Tangerine whistle um this was a soft Fork that was implemented to help c um issues of vulnerabilities found within the um gas system that ethereum uses for powering its transactions and also a hard Fork um titled sporos dragon that was released to call on vulnerabilities that they found with do attack from Bad actors and um several other development Cycles in between and um stay updated with us please follow us on our social media platform s [Music]