Ethereum 101

It’s time to talk about bitcoin’s digital cousin: ethereum. This is a type of blockchain operating system that allows you to trade the cryptocurrency called ether. But it does much more, including things called smart contracts that are changing the way people do business.

“What it really does is allows for the possibility that the middleman gets eliminated from the equation … if you have a good idea in blockchain and in ethereum, you can kind of go directly to users or investors to raise the money you want to start your business,” said Matt Leising, co-founder of DeCential Media, which covers the world of crypto, decentralized finance and the blockchain.

On the show today, we’ll get a lesson in how ethereum works, the advantages and disadvantages and why supporters believe it’s not going away. So regulators should catch up quick!

In the News Fix, we’ll hear positive news about boosters for teens and hear a warning about how omicron may mess with inflation. Plus, regulators are cracking down on Facebook, but they’re not the ones you’re thinking about.

Then, listeners say farewell to Molly and a bananas answer to the Make Me Smart question.

Here’s everything we talked about today:

“Understanding Ethereum, Bitcoin’s Virtual Cousin” from The New York Times
“For Rules in Technology, the Challenge is to Balance Code and Law” from The New York Times
“Powell Lays Groundwork for Faster End to Stimulus as Inflation Outlook Worsens” from The Wall Street Journal
“Covid News: Pfizer to Seek Approval for Boosters for 16- and 17-Year-Olds” from The New York Times
“Facebook Parent Told to Sell Giphy by U.K. Regulator” from The Wall Street Journal
Audio: “Make Me Smart” listeners write a special song for Molly (visit our show page to listen)

Finally, it’s Giving Tuesday. Give now to help us reach $100,000 in donations and unlock another $100,000 from the Investors Challenge Fund. To donate, go to Marketplace.org/givesmart. And thank you for your generosity.