2min chapter

Lex Fridman Podcast cover image

#80 – Vitalik Buterin: Ethereum, Cryptocurrency, and the Future of Money

Lex Fridman Podcast

CHAPTER

Is Ethereum a Type of Cryptocurrency?

Ether is a type of cryptocurrency that's issued by a smart contract. It basically creates or gives one set of participants a guarantee that they have this asset that can be later converted back into ether, but specifically at kind of the $1 rate. And it has some kind of stabilizing network effects on that.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode