In the third video in this series, Co-founder of Ethereum, Joe explains the differences between Ethereum and Bitcoin. While Bitcoin became a successful experiment in monetary theory, Ethereum expanded upon the underlying technology to create a platform for decentralized applications or “dapps.” Joe elaborates on the benefits of Ethereum, including trusted transactions, smart software objects, automated agreements and many more. “Ethereum is one of the foundational protocols of the decentralized Web,” says Lubin. Additionally, he mentions how Ethereum can already integrate and interoperate with current decentralized protocols like file storage and personal identity. Trust is a fundamental component of decentralization and Joe illustrates how nodes play into ensuring network #security and explains how Ethereum will become the foundational trust layer of the Web 3.0 movement. He goes further into detail about how Ethereum is the most decentralized blockchain platform with over 20k nodes worldwide and the number of nodes will increase when Ethereum transitions from the computationally heavy proof of work (PoW) consensus mechanism to the proof of stake (PoS) consensus mechanism. When discussing Ethereum’s transition from proof of stake to proof of work, Lubin states, “The barrier to entry to participating, to validating transactions on the system and securing the network will drop quite dramatically.” To learn more about ConsenSys visit: https://consensys.net/ Follow Joe on Twitter for breaking blockchain insights: https://twitter.com/ethereumJoseph