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title: ⬨ House of Ethereum
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<details>
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<summary>🤔 Wait, WTF is Ethereum?</summary>
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<br />
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I won’t be going into merkle trees, hashes, mining & how it all fits to make up the blockchain because there are plenty of existing materials explaining this. What I want to do here is give a high level overview on the importance of this technology.
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One of the main breakthroughs that Bitcoin made was to enable scarcity in the digital realm. Whereas previously, anything digital could just be copied & pasted - bitcoin couldn't.
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Combined with the fact that it has no admin that can just decide to mint more coins outside the prescribed rules of the game, seize your funds or alter the history; it made bitcoin the first global currency that isn’t issued by any nation state.
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But, you know, it's still just a currency. You can send it, you can receive it, but that’s about it. Then along came a young wizard named Vitalik, thinking something like: “We should take this blockchain thing & allow people to program it to do anything.”
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Now we have what is basically an admin-less database, able to run any arbitrary function. This allows us to build a data infrastructure layer that isn’t controlled by any centralized entity. These so-called smart-contracts allow you to enter agreements & exchange value with strangers, resting assured they can’t screw you over.
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Do you see how powerful this is?
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The [inability to make databases talk to each other](https://media.consensys.net/programmable-blockchains-in-context-ethereum-s-future-cd8451eb421e) enabled centralized middlemen such as Visa to sweep in, monopolize and start taking something like 1.5% off each transaction for being the global settlement layer between bank accounts; Paypal did the same for the online realm.
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These were necessary evils; no longer necessary. Running on Ethereum, services of the future will not only be interoperable but composable. Imagine talking to your friends, ordering a new laptop & investing; all through a single interface.
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You will often hear us refer to this whole space as Web3 - the next era of the internet. While the Web2 era was dominated by huge centralized service providers such as Amazon, Facebook & Uber, the promise of [Web3](http://blockchainhub.net/web3-decentralized-web/) is an internet of decentralized peer-to-peer protocols, platforms & applications; tokenized & in the hands of their users.
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"Ethereum is a game-changing technology." - Virgil Griffith
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### To recap:
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- There are no administrators in the Ethereum network.
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- The ledger contains a full history of all the changes that ever happened.
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- This allows us to have a source of truth we can be sure hasn’t been tampered with.
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- This single database that can’t be hijacked or coerced allows people who don’t trust each other to exchange value and build decentralized, interoperable applications & organizations.
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</details>
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## 🧐 Understanding Ethereum
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Tbh nowadays it’s hard to beat [Ethereum.org](http://ethereum.org) as your go-to place for learning about Ethereum.
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- [Programmable Blockchains in Context](https://media.consensys.net/programmable-blockchains-in-context-ethereum-s-future-cd8451eb421e)
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- [Ethereum is a game-changing technology](https://medium.com/@virgilgr/ethereum-is-game-changing-technology-literally-d67e01a01cf8)
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- [Ethereum: The World’s Computer](https://www.abra.com/resources/worlds-computer/)
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- [Edward Snowden Explains Blockchains](https://www.aclu.org/blog/privacy-technology/internet-privacy/edward-snowden-explains-blockchain-his-lawyer-and-rest-us)
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- [The last blockchain explainer you’ll ever need](https://www.youtube.com/watch?v=OgcBkARJybg) (video)
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- [Ethereum in 25 Minutes](https://www.youtube.com/watch?v=66SaEDzlmP4) (video)
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- [EthHub](https://docs.ethhub.io/) (Ethereum wiki)
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## 🗞️News
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- [Week in Ethereum News](https://weekinethereumnews.com/)
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- [EthHub Newsletter](https://ethhub.substack.com/)
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- [Ethereum Cat Herders](https://www.ethereumcatherders.com/) (development)
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- [Ethereum Foundation Blog](https://blog.ethereum.org/)
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- [r/Ethereum](https://www.reddit.com/r/ethereum/) & [r/ethdev](https://www.reddit.com/r/ethdev/) (subreddits)
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- [Into the Ether](https://podcast.ethhub.io/) (podcast)
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- [Etherean.org](http://etherean.org) (blog)
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## 👥 Communities
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- [Fellowship of Ethereum Magicians](https://ethereum-magicians.org/)
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- [MetaCartel DAO](http://metacartel.org/)
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- [Ethereum Hackers](https://ethglobal.co/discord)
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- [ETH Network](https://t.co/lEsWeGZO3j?amp=1)
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- [The Ether](https://theether.io/)
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- [Etherean.org](http://etherean.org)
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- For a longer list, visit [Ethereum.org](https://ethereum.org/en/community/)
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## Areas of Interest
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The real question is not “What is Ethereum?” but “What can we do with it?” We split it into three main areas of interest. Brief for now, because each deserves its own page.
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<details>
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<summary>🔘 Tokens</summary>
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Tokens on Ethereum allow anyone to start their own cryptocurrency, except currencies are like, the least exciting possibility. Tokens can represent your stake in an organization, any physical or digital resource or an asset, like a house or a rare collectible.
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</details>
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<details>
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<summary>📱 dApps</summary>
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dApps are decentralized applications running on Ethereum. They are basically collections of interlocking smart contracts used to deliver a product or a service that, at least in theory, doesn’t require you to trust the company behind it, and cannot be shut down or hacked.
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</details>
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<details>
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<summary>✨ DAOs</summary>
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DAOs (decentralized autonomous organizations), are organizations running on Ethereum. The tooling around them is still crude & mainly allows management of decentralized treasuries through voting. [Full post on DAOs here](https://wiki.metagame.wtf/docs/great-houses/house-of-daos).
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</details>
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## 📚 Books
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- [The Infinite Machine](https://www.harpercollins.com/products/the-infinite-machine-camila-russo?variant=32123333836834): How an Army of Crypto-hackers Is Building the Next Internet with Ethereum
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- [Mastering Ethereum](https://www.goodreads.com/book/show/42815383-mastering-ethereum): Building Smart Contracts and DApps
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- [Seeing Like a State](https://www.goodreads.com/book/show/20186.Seeing_Like_a_State): How Certain Schemes to Improve the Human Condition Have Failed
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## 💰 Obtaining Ether
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There are essentially two ways of obtaining Ether; buying it & earning it.
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**Buying it:**
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- You can buy it from some of the most well-known exchanges such as Binance, Coinbase, Gemini or Kraken.
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- If you want a more decentralized way of buying it, go through [Local Cryptos](https://localcryptos.com/).
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- And if you want an easy way to buy it in Europe, you can use [Ramp Network](https://ramp.network/).
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**Earning it:**
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- [Gitcoin](http://gitcoin.co/) is probably the most well known place to earn it.
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- You can participate in hackathons, start your own project, ask for grants & eventually raise money from DAOs or the crowd.
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- Find work by applying for [jobs](https://cryptocurrencyjobs.co/ethereum/) or joining DAOs such as MetaGame, Raid Guild or 1Hive.
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**Owning it:**
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There are a bunch of wallets to choose from. **Your decision will mainly depend on whether you are optimizing for security or accessibility.**
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- If you want accessibility:
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- On the web, we’d recommend [MetaMask](https://metamask.io/).
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- On mobile, there are a bunch of options besides MetaMask. [Argent](https://www.argent.xyz/), [WALLETH](https://walleth.org/), [Rainbow](https://rainbow.me/), [Status](https://status.im/), [imToken](https://token.im/) & [Trust Wallet](https://trustwallet.com/) are some.
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- If you want security:
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- You should probably buy something like the [Ledger](https://www.ledger.com/) or [Trezor](https://trezor.io/).
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- For security via multiple people or addresses, use [Gnosis Safe](https://gnosis-safe.io).
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- For more help on choosing a wallet, go to [Ethereum.org](https://ethereum.org/en/wallets/find-wallet/) or [ask us on Discord](https://discord.gg/6JFXC9T).
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- Note: Whichever way you choose, you’ll likely need to store what we call a seed phrase. This is the most important bit. There are [many](https://www.google.com/search?client=firefox-b-d&q=storing+your+seed+phrase) [ways to do it](https://blog.trezor.io/https-blog-trezor-io-keep-your-seed-phrase-away-from-lions-edcc105457a0).
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- **NOTE: TAKE IT REALLY SERIOUSLY. STORE YOUR SEED PHRASE PHYSICALLY, NEVER COPY, PASTE OR ENTER IT ANYWHERE NEW.**
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