# What is ETH? BEST Explanation (2022)

*Author: David Hoffman*
*Published: Jan 14, 2023*
*Source: https://www.bankless.com/fr/podcast/what-is-eth-best-explanation-2022*

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**TIMESTAMPS**

0:00 The World's Greatest Asset

03:36 TL;DR

04:02 Pillar #1 ETH in DeFi

07:43  Pillar #2 PoS (Proof-of-Stake)

10:36 Pillar #3 Monetary Policy (EIP 1559)

12:33 Conclusion

13:19 The Triple Point Asset thesis

13:54 New Money for the Digital Age

14:13 Bankless

14:37 Closing