I want to make a thread for people that don't have any technical knowledge, like myself. I was hoping some of the ultra smart people in this forum can answer some questions that some of us might be too embarrassed to ask.
Can someone give a non-technical description of what Ethereum is?
My basic understanding is that Ethereum is a new block chain, similar to BTC and other coins. But, a Decentralized Application is built on top of it that allows developers to design Decentralized Autonomous Corporations and other stuff? Is this about it?
How do holders of Ethereum units, or whatever they are called benefit from new DACs being developed?