“Ethereum is not just a modification of Bitcoin. It’s completely different and has a completely different use case.”
Ivan Liljeqvist is a software developer who is a leading expert in Blockchain Technology. He is the founder of Ivan on Tech, a YouTube channel featuring a series of videos explaining blockchain, cryptocurrencies, and the tech industry, in general, for the “non-techy” people to understand.
On this episode, he explains the difference between Bitcoin and Ethereum. He also explains the foundations of Blockchain Technology, Decentralized Applications, and Cryptocurrencies. He shares his vision for the ICOs and the future of the Internet. If you are thinking about buying digital currencies, this is the episode for you.
Listen to ILAB 71 on iTunes here or subscribe on your favorite podcast app.
ILAB 71 Show Notes
Where we are:
Johnny FD – Eastern Europe
Sam – Hong Kong
Ivan – Sweeden
ArtofFX – start with just a $10,000 account (reduced from $25,000)
Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
PeerStreet – get a 1% yield bump on your first loan
Wealthfront – get your first $15,000 managed free
Start Here – Recommended Reading
5:00 – Ivan’s background as a developer
8:17 – When and how did he learn about Cryptocurrencies?
9:38 – How much time does he spend learning Cryptocurrencies vs. other Tech works?
12:13 – Who is behind Ethereum?
16:51 – Foundations of Blockchain Technology
19:19 – How was Ethereum created?
21:20 – Decentralized applications
24:27 – Incentives for Ethereum creators
27:07 – Where can people buy Ether?
29:52 – Who is Satoshi Nakamoto?
31:33 – The future of Ethereum
35:08 – Role of decentralized applications in the future of the internet
41:21 – Mt.Gox hacking incident
46:53 – The future of Cryptocurrencies
50:06 – Bitcoin vs. other ICOs
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