Quick Bytes about Blockchain, Bitcoin, Ethereum and how this technology will help improve our lives.
Price of Top 10 Coins from CoinMarketCap
Trust is Paramount. Slow by Design. Reliability by Consequence.
Ethereum's CryptoEconomic Base Layer Why is Ethereum so effective at being the #Blockchain for programmable money and business? Ethereum uses the concept of an #Account as its base unit. This decision allowed the Ethereum blockchain to have a Crypto-Economic System built in as a base layer!
Raising capital is very difficult. Very few select people have access to these individuals with money. Even with access, it is highly unlikely to obtain the funds you are seeking without giving up massive amounts of ownership. Now with the advent of ICOs, Initial Coin Offerings, people regardless of skin color, religion, creed or geographical location have the opportunity to raise capital without the sacrifice of ownership. Enter the ERC20 Token Contract and ICO. You don’t even have to dig very far even in the developed world to see real struggle for raising capital. Consider Milwaukee, Wisconsin. Craig Sweeny of ShiftSavings at StartupMKE’s Emerge event exclaimed, “There’s a lot of good momentum from the startup perspective, but from the investment community, there are some real issues and we’ve struggled.” End quote. Rather than wait for VC funds to come around and deal with a company not based in silicon valley, companies in Milwaukee would benefit gre
Decentralized autonomous organizations, unstoppable applications, and more. We now have an evolutionary environment for AI which can manage it's own resources. The traditional banking system is scared, as is the monolithic insurance industry; they'll either get onboard with the public, open Blockchain or crumble under the weight of their own bureaucracy.
526,600 minutes. 657,000 Bitcoin per year. 525,600 minutes. How do you measure a year? In Bitcoin, in block size, in throughput, in blocks per hour.
Bitcoin is Dead. It's a silly idea. It can’t scale. It will fail. And has failed. Blockchain is a joke. It doesn’t actually work. Let’s dedicate this episode to the 217 obituaries that journalists, economists and other critics have dedicated to bitcoin.
A supercomputer that's unstoppable. Decentralized. Global. Open. Has unbreakable security protected by the laws of thermodynamics. Backed by the most precious resource of all: time itself. Censorship resilient. They said it can't exist. Woops, #Ethereum forgot to ask permission.
Bitcoin Security: Not Your Keys, Not Your Bitcoin - Problems with Centralized exchanges & custodial accounts with @Coinbase, #MtGox or other centrally controlled keys. Instead control your keys & your bitcoin.
Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on decentralized Peer-to-Peer network, it’s become the de facto standard for cryptocurrencies. The currencies inspired by Bitcoin are collectively called AltCoins and have tried to present themselves as modified or improved versions of Bitcoin.
We don't know the true identity of Satoshi Nakamoto. Was he a good person? Bad person? How can we trust him? What if he is lying? As it turns out, his identity is irrelevant. We can independently verify the mathematical truths that underpin the operation of this technology.
Mystery! Who is Satoshi Nakamoto? Let's deduce the motives of this Bitcoin founder and see if the clues lead us to this individual.... Or group of people. Or... Is it even important?
Today we're taking a walk down memory lane to discover just where the very first Bitcoin were 'mined' and how it came to be. What about the time when nobody, and I mean NOBODY owned a single Bitcoin? That is, no address had any Unspent Transaction Outputs because there were no transactions, no users, and most importantly no Bitcoin to spend.
In this episode we discuss just how secure 256 bit encryption and one way hashes are, and why Bitcoin is secured by the laws of the universe.
In Bitcoin, we refer to those that validate transactions and create bitcoin as 'miners'. In Blockchain and cryptocurrency, miners rely on computers and code as tools, and use electricity as fuel, or cost to mine. The Blockchain and the value of Bitcoin are backed by the laws of math and the most precious resource of all: TIME itself.
In Bitcoin, we refer to those that validate transactions and create bitcoin as 'miners'. In physics, power is the rate of doing work, the amount of energy transferred per unit of time. It is fitting, then, that we call this process "Proof of Work".
In Bitcoin, we refer to those that validate transactions and create bitcoin as 'miners'. In physics, power is the rate of doing work, the amount of energy transferred per unit of time. It is fitting, then that we call this process of mining "Proof of Work".
On this day in America -- it's Thanksgiving, but Blockchain is a globally used technology, and we all have something to be thankful for. So where does Bitcoin come in?
Why Blockchain? We Choose to Go to the Moon. Sound familiar? It should. Prior generations led the way. It's up to us in the #Blockchain space to keep moving innovation forward. Because the people who are crazy enough to think they can change the world, are the ones who do.
#Blockchain Needs You to set an example for others about what’s possible. Pick Your industry. You get to DREAM about what this world will be. Right now, blockchain is still in hidden pockets of life, and has a barrier to entry. Let’s lower those barriers and empower ourselves in the new economy. So - Stay Motivated! Blockchain NEEDS You. #ByteSizeBlockchain
Why should you care about Blockchain? You care about your property and legit payment. In this episode of ByteSize Blockchain, we discuss property, decentralized consensus, transactions, security, verification and the shared record book known as Blockchain.
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