Ethereum: Everything I Learned about Ethereum In One Hour

This is honestly confusing.

Gabe Hunt
5 min readApr 26, 2021


Stumbling upon the age of the new internet, Ethereum, Bitcoin, and all the other cryptocurrencies have been catching my eye recently. I want to know what all the hype is about. I would like to write about it until I have the knowledge and skills to be able to help others. For now, here is what I found in an hour, looking at Ethereum.Org, I put together some basic information that you can use to look up other information. Here is what I learned in an hour, and please keep in mind some of the information may and will be incorrect.

Photo by Launchpresso on Unsplash

What is Ethereum?

  • What is Ethereum? — Decentralized applications and money used to send cryptocurrency
  • Through peer-to-peer transactions, governments have no control over your money.

Why does Ethereum have value?

  • The value of Ethereum comes from the people, depending on their uses, it allows for direct peer-to-peer payments, no monitoring of your money from a government, and you are able to earn interest on Ethereum and other tokens.
  • Monetary value is a “social contract”. Reminded to us by Anthony Sassano, who also did an article on the value of Ether.
  • What is the concept of Defi? — Decentralized financial system
  • Being a creator, there is an incentive to create and use the Ethereum network.

Why would others use it?

  • Banking for everyone, from anywhere.
  • Privacy, anonymity in keeping your identity and purchases safe, and secure.
  • Can help support creators and website creators in a variety of ways that don’t have to include straight money.
  • Your use of certain browsers or stakes in crypto is valuable to others.
  • Get back at those over-ruling tyrannical governments who wish to tax your money out the wazoo, and restrict your purchasing power on things.
  • Why governments may not like something like this
  • Censorship resistance
  • Sites and dapps (decentralized applications) running on Ethereum can’t…