CODE IS LAW? Smart Contracts Explained (Ethereum, DeFi)

[@Finematics]

❓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

[@0ia]

that's a few too many emojis

[@ExplainedThroughRap]

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

[@jameswilliams2250]

@@0ia simplicity enable better understanding.

[@0ia]

@@jameswilliams2250 I tried turning that option on but it changed nothing.

[@SwahiliPapi]

This is better than school

[@L0CKTiTE]

Seriously

[@Tblaq]

Much better

[@MaksymBohdan-mt4sd]

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

[@stevenlivasy3462]

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!

[@Finematics]

thanks! glad to hear it was helpful

[@stevenlivasy3462]

@@Finematics awesome job honestly I'm going through all you videos.

[@pasinduarosha6222]

Couldn't agree with you more

[@agbajiochayi3411]

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.

[@theforce7970]

Tells us to asks questions and doesn't answer a single one. Only replies to compliments of video editing. Thanks! Great video!

[@MatiJumps]

I am not a native speaker, but I could understand everything clearly! Give you a clap!

[@awrjkf]

Hey, don't mind me. Just here watching all your earliest videos on blockchain. Thanks for this wealth of knowledge.

[@Finematics]

thanks for watching!

[@chidiebereama274]

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

[@kelvinong6549]

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.

[@Panther-]

HONESTLY BEST VIDEO FOR EXPLAINING SMART CONTRACTS I HAVE COME ACROSS ON THE NET

[@Finematics]

thanks!

[@MrTheelicitor]

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.

[@YinHaotian]

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.

[@wongleo3874]

Clear explanation with specific examples. Very useful.

[@Finematics]

thanks!

[@june61586]

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.

[@Finematics]

Thanks! Appreciate your comment :)

[@itsalovething8190]

1:30 programmers see a vending machine, producers see an mpc.

[@ryze2light965]

Love the visual style of this kinda teaching, Really find it easier to follow along :)

[@Finematics]

Thanks! It is also good for knowledge retention apparently backed by some studies :)

[@djienf]

Yes, definitely.

[@TradeTech05]

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?

[@abyteuser6297]

@@TradeTech05 what if the investor is the smart contract ....

[@pauloketch4635]

Great informative video. when DEFi hits mainstream il be glad i already have the knowledge years before.

[@AJ-hg2ki]

This is great - learned about you from Ivan on Tech & you do an excellent job of explaining this stuff!! Thanx

[@fireice1234567]

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.

[@Finematics]

thank you! :)

[@jamiluyola2152]

Excellent watch thanks am from Nigeria

[@heartclk]

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.

[@jacobkarim8358]

The world would be a better place if everyone watched this video

[@Finematics]

thanks!

[@ThePixelPizza]

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!!!!

[@Finematics]

thanks!

[@detroid89]

Thank you. Very well explained

[@Tblaq]

Putting notifications on... I love this illustrations💯

[@jameswilliams2250]

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.

[@carlmbeng8027]

Best explanation I have seen so far

[@kaotictube]

Thanks for the great intro to smart contracts!

[@Finematics]

You're welcome! :)

[@robertorossi9107]

clear and concise. what else needed? respect

[@Finematics]

thanks!

[@intrestingness]

Clear explanation and detailed THANKS!

[@educatepeeps5466]

it happened 10:50 to SHIB, good job Finematics

[@agostinhoserra]

Simple and very informative! Thank you.

[@Finematics]

thanks!

[@cryptoholic5120]

Great work your doing on this channel. Can’t stop watching haha

[@selinhaker5587]

Made me feel like taking some courses in coding and finding some business partners with computer science background, thank you.

[@bernardoaltamirano7015]

Great video!!!The clarity and detail are appreciated.

[@djienf]

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.

[@Finematics]

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! :)

[@reddreadintuitive4405]

OMG, THANK YOU! You made Crypto feasible to my mind. Thank you, thank you, thank you.

[@fravanini]

Very very good channel! You make complicated things sound easy!

[@Finematics]

Thanks!

[@rexparsons4944]

really enjoyed this, I am sending this to lawyer daughter to grasp

[@jazzunk]

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

[@Finematics]

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

[@amarjeetsinghthakur7888]

Crystal clear explanation.. superb:)

[@fredfrond6148]

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.

[@Finematics]

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 :)

[@fredfrond6148]

@@Finematics Thank you looking forward to the future content.👍

[@SuperIndijana]

Your videos are amazing!!! Very very good explained. I just discovered you on youtube a few days ago. Thumbs up 👍

[@Finematics]

Thanks!

[@patrick9571]

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.

[@AlvarGrice]

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?

[@bitcoinerbangali4718]

Awesome Clarity

[@Finematics]

thanks!

[@babakganji1045]

I somehow got more confused on something that I didnt know about but fantastic video. Any recommendation for more resources?

[@spyrostroiannos2954]

Comming from Ivan, too. Excelent job. Keep going

[@Finematics]

Thanks Spyros!

[@roberts1782]

Thank you very much for this material.

[@Finematics]

You're very welcome! :)

[@cavvieira]

Well done! You forgot to include the real world connection in the pros/cons summary at the end, by the way.

[@cryptoingresos.]

The best summary ever I saw

[@sarfatiassociates2818]

Who determines the terms and conditions of the lease or the deed to purchase the house?

[@AneilSharma]

Great explanation. Thank you for your efforts.

[@awangjeme2531]

Informative videos

[@RandomDroneShots-y6l]

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

[@martinmck3358]

Learned well today. Thanks.

[@prashantagarwal6879]

THE BEST!!!! (i have come across)... thanks

[@yanafridabinaev]

Great video! Thank you for the effort!

[@mmp2019]

@finematic, great content. Thank you! Would u like to consider doing a video on NFT? 🙏

[@xHeqticz]

Very clear, thank you!

[@RILKEMUSICNONPROFIT]

this is a great video. it explains smart contracts in a way even an emotionally ruled artist can understand.

[@m.naseer1723]

awsome content..subscribed..keep doing the good work cheers

[@TricoliciSerghei]

Great videos, thank you very much, this is high level stuff, I'm learning as if I'm at a university.

[@axolson]

Great job on the channel! Wonderful info and teaching style. Cheers!

[@Finematics]

Thanks a lot! :)

[@thelionspw448]

Dude your a GOAT, this is gold . Thank you

[@ultrasupernectar]

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

[@ultrasupernectar]

i think it was Guy from CB that sent me

[@Finematics]

Amazing! Thank you :)

[@SPaniarD42069]

this is GREAT!

[@aidanhassen4993]

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.

[@-.TS.-]

I’m on an absolute Finematics binge

[@everurstruly]

LFG

[@frankfromupstateny3796]

Thank you "Jakub"

[@DJcyberslash]

This is a very very good video. Great job!

[@WalterKaan]

Wow, thanks for another great video. I wish you great success!

[@Finematics]

thank you!

[@dilldev]

Escrow contracts would make Craigslist so much better. The buyer would put their money in the system before anyone wastes their time for a no-show or low-ball.

[@UsamaOmar23]

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. 🙏🏽

[@Finematics]

Yes, I agree with that. There is a plan to make a video on oracle services and we can include some IoT information there

[@UsamaOmar23]

@@Finematics excellent! Thank you I'm subscribed now and will look forward to that video 🙏🏽

[@MrTheelicitor]

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.

[@Finematics]

Awesome, thank you!

[@Freemoonminecraft]

You got yourself a subscriber. And you didn't have to ask!

[@TheAtreaustyle12]

Welcome to THE MACHINE

[@ScreaminglyRunning]

obsessed with this guy's voice maybe. might fuck around and watch all these idc

[@RobMastebroek]

Thank you!

[@EarthxOnline]

Can this be used for when people buy something from my business or another business I’m promoting? Loved the video

[@tobiprivat8878]

great! totally underrated content!!

[@tomdapchai]

very clear, thanks

[@MaureenKingTAPPING]

Incredible! Thank you for such a wonderful presentation! 🙂

[@paulwjohnson8571]

Befire embarking on joinging a liquidity pool, how do I do my due diligence on finding out about security of the smart contract?

[@dropoutsproduction4831]

Great video man

[@nalinkapila9598]

good job

[@lisab.6017]

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...

[@linakaushik3407]

Excellent

[@eyewaves...]

How can a smart contract ever be "Trustless & Secure" ? That is a direct contradiction. This video was nevertheless helpful - very much !

[@Finematics]

"Trustless" in the context of crypto means "doesn't require trust". Thanks for watching!

[@taleasd]

Can you explain unclear tax please? In v.short form? Thanks.

[@Lululemon2023]

Very good 👍

[@chhabraamit312]

Liked the video. How'd you create it? What do you use for this?

[@Finematics]

I use Videoscribe

[@jasonauyong4450]

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?

[@Finematics]

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.

[@hossainmdmofazzel301]

Thank you very much for great explanation, can make more video about the btc and ETH!?

[@roylee7752]

Excellent watch, really enjoyed

[@Finematics]

Thanks!

[@tecnopadre]

Hello: Studying the SmartContracts I'd like to know how to easily read and save a Smart-contract on your PC. I'm old you know and I would like to know what I've just signed, time that finishes, conditions, etc... human read. Any website or doc that I'm not finding that I could go to learn? Thank you!

[@safuuuniversity]

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?

[@razco7833]

Have you heard about Zap Protocol? Where can you classify it?

[@jakehale-sanders6536]

Great video

[@Finematics]

Thanks!

[@entrepreneurnit5989]

Good content

[@Finematics]

thanks!