❓Do you have any questions about smart contracts? 👍Hit the like button if you enjoyed this video 🐦Follow Finematics on Twitter ► twitter.com/finematics 💛Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics
Great video, we dropped a rap explaining smart contracts recently. I think they're such a game changer for so many industries; thanks for the awesome info
i am currently at school and learning about smart contracts, not from teachers, but myself. that is because we have a lesson where you find a theme that is it relevant and learn that theme. My teacher said i could take smart contracts and i did it, so happy about my school. i am going at high school (so called here) but you would say college
i have spent so much time trying to understand this at a simplistic level and I always run into overly complicated videos. you just changed the game for me thank you!
i am lawyer, i started learning how to code but stopped.......but after watching this video, i going back to coding........i believe combining my knowledge as a lawyer and code, will be of value in creating smart contracts. thanks for the video, love it. i just followed u guys on X.
New found gem, subscribed. This should be one of those channels that goes to the mooon. Not the ones who says buy this, buy that or turn your $1000 to $1000000 by following my strategy in Trading Crypto. So much crap. This is a legitimate free course for novice in Crypto or even those who are in the industry for quite some time who wants to revisit their stocked knowledge. Thank you so much for the effort buddy.
Thank you so much for putting in the time and effort in explaining this concept so easily. The is the best video on YT which I have come across thus far.
The well and thought out implementation of smart contracts across the world will be a win win for all and will make society and the world a fairer place.
Hey! I just discovered your channel. Instantly loving it too. The drawing adds soo much more understanding and the video is speeded up a little which also helps. I personally go astray with the understanding of a subject when the instructor hovers over a topic and gets deep. I'll then misunderstand somehow, but even worse I won't know I did til some time later. With this Finematics channel you shoot straight to the target and can see clearer all around. Great stuff, let's go.
What will happen if i invested in a platform registered to a smart Contract and in a long run the platform fails working. Thus smartcontract refund my investment funds?
Thank you very much! The quality of your videos are not in proportion to your views and subscribers, I'm certain you'll recieve A LOT of recognition in the future!!!!
Thank you for making such a wonderful introduciton to smart contracts! it's really helpful for me as a student who wants to grasp a general idea of smart contracts and how it works.
Great videos! Quite well explained in a simple way and lovely drawings to help illustrate things ;) Just a friendly recommendation for future vids, try using an anti-pop filter and equalise a bit, specially to avoid listening the sibilance, mouth and tongue sounds...try filtering out 6-8kHz to start off, I think it will help making your voice clearer
You are an amazingly effective teacher. I will be reviewing your instructive videos to internalize. Very appreciative of the excellent yes very fine job you did on this subject.
Excellent content. Clear and thorough. Please do a more in depth investigation about how the smart contracts can be gamed, how people have gamed the system in the past and maybe more in depth about what security measures are being implemented. Maybe a description of who is responsible for implementing the measures and how do they get this role.
Thanks! Yes, there is a plan to dive deeper into smart contracts and talk about common vulnerabilities. Also there will be a video on how bots can steal people's profitable transactions a.k.a Ethereum Mempool is a Dark Forest :)
This video provides a clear concept of smart contracts, one thing I am curious about is "Where is the smart contract stay in Blockchain?". I understand the basic concept of a blockchain that is a technology behind bitcoin but when smart contracts apply to blockchain I'm lost to imagine the picture of it.
Very good explanation of the smart contract space... This also helps me to understand how DeFi works as well. How do you think that IoT will affect the real world problems you mention here. I see a future where IoT sensors are able to feed data into the oracle services so that the smart contract is able to add that information into itself. Maybe a video about this would be a good idea? Or maybe there is one already. Thank you for the time put into making this clear and informative video. 🙏🏽
Fantastic educational content sir. Subbed and video saved into a new playlist of your content! I have been looking for a series of videos that explains the technical basics in a clear and succinct manner. Top grade work!
Well Explained Finematics...keep up the great work...you got a subscription a thumbs up and a bell from me from your hard work. Appreciate you and your team mate.
Help me understand the part about security please. Why do we trust the teams that secure these transactions more than a banks or supply chain company or any other ‘traditional’ method? Thanks
Can you make a video explaining the tokenomics and algorithmically of luna (terra). I'm very excited about the project. But it's hard to explain how it works.
Man add a compresser when processing your audio. Equally reduce some Dbs around 15k herzts or higher with an digital EQ. Nonetheless, I appreciate your content.
Excellent content, I've discovered your channel recently and I've become addicted! Do you have any content on how the Ethereum Virtual Machine works? I'm looking for material and I'd love to see your great doodles on this subject. Thanks!
Thank you so much for this amazing video! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
You talked about Formal methods to verify the smart contracts, could you please provide a few examples, tools, guidelines and/or tutorials etc. on Formal methods to verify/secure Ethereum Smart Contracts, which I can easily use for my smart contracts.
I appreciate your contribution so much!! Thank you for being so concise. Would you be alright if I took clips of your videos and reposted them so that we can spread your breakdowns to more people?
How are updates to smart contracts handled? In the base of a bug found, how do you fix it? What if an oracle goes down or a new/better one comes and you want to use it? There are many reasons to update a smart contract so how is this handled without violating some of the principles of a smart contract?
It's usually solved by proxy contract, you can read more about them here > ethereum.stackexchange.com/questions/2404/upgradeable-smart-contracts In DeFi, in general proxy contracts are avoided as it would allow the owner of the proxy contract to redirect function calls to some potentially malicious other contract. Most teams release versions of their contracts for example V1, V2 and ask people to migrate to the new version.
Hi, thanks for your detailed explanation. One question, if parties are going to sign an agreement through smart contract, is that a must to use cypto instead of regular money given that the concept is to cut out the middleman? Many thanks.
Thanks for the video, it was very useful! I have a question about the types of smart contracts such are ERC-20, ERC-721 and ERC-1155. Could you, please, explain how they differ and how can one operate, for example, an ERC-721 as ERC-1155?
❓Do you have any questions about smart contracts?
👍Hit the like button if you enjoyed this video
🐦Follow Finematics on Twitter ► twitter.com/finematics
💛Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics
that's a few too many emojis
Great video, we dropped a rap explaining smart contracts recently. I think they're such a game changer for so many industries; thanks for the awesome info
@@0ia simplicity enable better understanding.
@@jameswilliams2250 I tried turning that option on but it changed nothing.
This is better than school
Seriously
Much better
i am currently at school and learning about smart contracts, not from teachers, but myself. that is because we have a lesson where you find a theme that is it relevant and learn that theme. My teacher said i could take smart contracts and i did it, so happy about my school. i am going at high school (so called here) but you would say college
i have spent so much time trying to understand this at a simplistic level and I always run into overly complicated videos. you just changed the game for me thank you!
thanks! glad to hear it was helpful
@@Finematics awesome job honestly I'm going through all you videos.
Couldn't agree with you more
To be sincere, this is the most over simplified video I've seen on smart contracts. I've just subscribed to this channel. Loved the video so much
Tells us to asks questions and doesn't answer a single one. Only replies to compliments of video editing. Thanks! Great video!
i am lawyer, i started learning how to code but stopped.......but after watching this video, i going back to coding........i believe combining my knowledge as a lawyer and code, will be of value in creating smart contracts. thanks for the video, love it. i just followed u guys on X.
I am not a native speaker, but I could understand everything clearly! Give you a clap!
Hey, don't mind me. Just here watching all your earliest videos on blockchain. Thanks for this wealth of knowledge.
thanks for watching!
New found gem, subscribed. This should be one of those channels that goes to the mooon. Not the ones who says buy this, buy that or turn your $1000 to $1000000 by following my strategy in Trading Crypto. So much crap. This is a legitimate free course for novice in Crypto or even those who are in the industry for quite some time who wants to revisit their stocked knowledge. Thank you so much for the effort buddy.
Thanks! Appreciate your comment :)
This is great - learned about you from Ivan on Tech & you do an excellent job of explaining this stuff!! Thanx
Thank you so much for putting in the time and effort in explaining this concept so easily. The is the best video on YT which I have come across thus far.
thank you! :)
The well and thought out implementation of smart contracts across the world will be a win win for all and will make society and the world a fairer place.
I am so moved by the positive use cases of DeFi that you and many others have shared. They might be pipe dreams for now, but hallelujah.
Great work your doing on this channel. Can’t stop watching haha
Hey! I just discovered your channel. Instantly loving it too. The drawing adds soo much more understanding and the video is speeded up a little which also helps. I personally go astray with the understanding of a subject when the instructor hovers over a topic and gets deep. I'll then misunderstand somehow, but even worse I won't know I did til some time later. With this Finematics channel you shoot straight to the target and can see clearer all around. Great stuff, let's go.
Thank you! I'm glad to hear this format helps you with understanding the concepts. This is the main goal of the channel, let's go! :)
Love the visual style of this kinda teaching, Really find it easier to follow along :)
Thanks! It is also good for knowledge retention apparently backed by some studies :)
Yes, definitely.
What will happen if i invested in a platform registered to a smart Contract and in a long run the platform fails working.
Thus smartcontract refund my investment funds?
@@TradeTech05 what if the investor is the smart contract ....
Thank you very much! The quality of your videos are not in proportion to your views and subscribers, I'm certain you'll recieve A LOT of recognition in the future!!!!
thanks!
Thank you for making such a wonderful introduciton to smart contracts! it's really helpful for me as a student who wants to grasp a general idea of smart contracts and how it works.
Great informative video. when DEFi hits mainstream il be glad i already have the knowledge years before.
Clear explanation with specific examples. Very useful.
thanks!
HONESTLY BEST VIDEO FOR EXPLAINING SMART CONTRACTS I HAVE COME ACROSS ON THE NET
thanks!
1:30 programmers see a vending machine, producers see an mpc.
Great videos! Quite well explained in a simple way and lovely drawings to help illustrate things ;) Just a friendly recommendation for future vids, try using an anti-pop filter and equalise a bit, specially to avoid listening the sibilance, mouth and tongue sounds...try filtering out 6-8kHz to start off, I think it will help making your voice clearer
Thanks for the feedback. This is quite an old video, most of the issues were solved in the newer videos, but I still have to improve audio a bit
Putting notifications on... I love this illustrations💯
You are an amazingly effective teacher. I will be reviewing your instructive videos to internalize. Very appreciative of the excellent yes very fine job you did on this subject.
Your videos are amazing!!! Very very good explained. I just discovered you on youtube a few days ago. Thumbs up 👍
Thanks!
Very very good channel! You make complicated things sound easy!
Thanks!
Thanks for the great intro to smart contracts!
You're welcome! :)
Best explanation I have seen so far
Great video!!!The clarity and detail are appreciated.
Excellent content. Clear and thorough. Please do a more in depth investigation about how the smart contracts can be gamed, how people have gamed the system in the past and maybe more in depth about what security measures are being implemented. Maybe a description of who is responsible for implementing the measures and how do they get this role.
Thanks! Yes, there is a plan to dive deeper into smart contracts and talk about common vulnerabilities. Also there will be a video on how bots can steal people's profitable transactions a.k.a Ethereum Mempool is a Dark Forest :)
@@Finematics Thank you looking forward to the future content.👍
Excellent watch thanks am from Nigeria
really enjoyed this, I am sending this to lawyer daughter to grasp
This video provides a clear concept of smart contracts, one thing I am curious about is "Where is the smart contract stay in Blockchain?". I understand the basic concept of a blockchain that is a technology behind bitcoin but when smart contracts apply to blockchain I'm lost to imagine the picture of it.
Very good explanation of the smart contract space... This also helps me to understand how DeFi works as well. How do you think that IoT will affect the real world problems you mention here. I see a future where IoT sensors are able to feed data into the oracle services so that the smart contract is able to add that information into itself. Maybe a video about this would be a good idea? Or maybe there is one already. Thank you for the time put into making this clear and informative video. 🙏🏽
Yes, I agree with that. There is a plan to make a video on oracle services and we can include some IoT information there
@@Finematics excellent! Thank you I'm subscribed now and will look forward to that video 🙏🏽
Simple and very informative! Thank you.
thanks!
Clear explanation and detailed THANKS!
Made me feel like taking some courses in coding and finding some business partners with computer science background, thank you.
Crystal clear explanation.. superb:)
awsome content..subscribed..keep doing the good work cheers
Fantastic educational content sir. Subbed and video saved into a new playlist of your content! I have been looking for a series of videos that explains the technical basics in a clear and succinct manner. Top grade work!
clear and concise. what else needed? respect
thanks!
I love your channel so much I think has risen to my #1 favorite out of over 100 other crypto channels, thanks for the good stuff
i think it was Guy from CB that sent me
Amazing! Thank you :)
Great job on the channel! Wonderful info and teaching style. Cheers!
Thanks a lot! :)
This is a very very good video. Great job!
Comming from Ivan, too. Excelent job. Keep going
Thanks Spyros!
Thank you. Very well explained
Wow, thanks for another great video. I wish you great success!
thank you!
The world would be a better place if everyone watched this video
thanks!
Great videos, thank you very much, this is high level stuff, I'm learning as if I'm at a university.
Well done! You forgot to include the real world connection in the pros/cons summary at the end, by the way.
Well Explained Finematics...keep up the great work...you got a subscription a thumbs up and a bell from me from your hard work. Appreciate you and your team mate.
Awesome, thank you!
Great video! Thank you for the effort!
this is a great video. it explains smart contracts in a way even an emotionally ruled artist can understand.
it happened 10:50 to SHIB, good job Finematics
Great explanation. Thank you for your efforts.
Help me understand the part about security please. Why do we trust the teams that secure these transactions more than a banks or supply chain company or any other ‘traditional’ method? Thanks
Thank you very much for this material.
You're very welcome! :)
THE BEST!!!! (i have come across)... thanks
Great video! I would really like to see a video on the risks of collusion between companies using smart contracts. Can’t find one anywhere...
Dude your a GOAT, this is gold . Thank you
Who determines the terms and conditions of the lease or the deed to purchase the house?
Can you make a video explaining the tokenomics and algorithmically of luna (terra). I'm very excited about the project. But it's hard to explain how it works.
Awesome Clarity
thanks!
I somehow got more confused on something that I didnt know about but fantastic video. Any recommendation for more resources?
Man add a compresser when processing your audio. Equally reduce some Dbs around 15k herzts or higher with an digital EQ. Nonetheless, I appreciate your content.
Excellent content, I've discovered your channel recently and I've become addicted! Do you have any content on how the Ethereum Virtual Machine works? I'm looking for material and I'd love to see your great doodles on this subject. Thanks!
Thanks! There is a bit in the video about Gas but there is no video specifically about the EVM. Good idea though!
Yes, need this video.
great! totally underrated content!!
Thank you so much for this amazing video! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Great video man
Informative videos
You talked about Formal methods to verify the smart contracts, could you please provide a few examples, tools, guidelines and/or tutorials etc. on Formal methods to verify/secure Ethereum Smart Contracts, which I can easily use for my smart contracts.
Learned well today. Thanks.
OMG, THANK YOU! You made Crypto feasible to my mind. Thank you, thank you, thank you.
Can this be used for when people buy something from my business or another business I’m promoting? Loved the video
I appreciate your contribution so much!! Thank you for being so concise. Would you be alright if I took clips of your videos and reposted them so that we can spread your breakdowns to more people?
The best summary ever I saw
Liked the video.
How'd you create it? What do you use for this?
I use Videoscribe
Very clear, thank you!
Excellent watch, really enjoyed
Thanks!
Very good 👍
Incredible! Thank you for such a wonderful presentation! 🙂
How are updates to smart contracts handled? In the base of a bug found, how do you fix it? What if an oracle goes down or a new/better one comes and you want to use it? There are many reasons to update a smart contract so how is this handled without violating some of the principles of a smart contract?
It's usually solved by proxy contract, you can read more about them here > ethereum.stackexchange.com/questions/2404/upgradeable-smart-contracts
In DeFi, in general proxy contracts are avoided as it would allow the owner of the proxy contract to redirect function calls to some potentially malicious other contract. Most teams release versions of their contracts for example V1, V2 and ask people to migrate to the new version.
@finematic, great content. Thank you! Would u like to consider doing a video on NFT? 🙏
You got yourself a subscriber. And you didn't have to ask!
Great video
Thanks!
Great job. Keep the good work
this is GREAT!
Hi, thanks for your detailed explanation.
One question, if parties are going to sign an agreement through smart contract, is that a must to use cypto instead of regular money given that the concept is to cut out the middleman? Many thanks.
Befire embarking on joinging a liquidity pool, how do I do my due diligence on finding out about security of the smart contract?
Hi. On 0:44 you say ".....to make it TRUSTLESS and secure" How something can be trustless and secure in the same time?
Trustless coz u don't need to trust any 3rd party or central authority for execution.
This is so helpful!
Glad it was helpful!
Have you heard about Zap Protocol? Where can you classify it?
Thank you very much for great explanation, can make more video about the btc and ETH!?
Good content
thanks!
very clear, thanks
GREAT video
Very easy to understand :)
Thanks for the video, it was very useful! I have a question about the types of smart contracts such are ERC-20, ERC-721 and ERC-1155. Could you, please, explain how they differ and how can one operate, for example, an ERC-721 as ERC-1155?
Thank you 💗💗💗!!!