Da Block Chain
a tree in which every leaf node is labeled with a data block and every non-leaf node is labeled with the cryptographic hash of the labels of its child nodes
"an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way"
Each block is cryptographically linked
It's really hard to undo cryptographically linked
It's just a Protocol
It's a sexy layer above the chain
it solves the double spending problem without the use of a trusted authority or central server.
What is money
Medium of Exchange
Store of value
So what is Mining?
A built-in programming language
(in the protocol)
Ethereum Virtual Machine
Turing Complete af
Ethereum is a platform that can be used to create any arbitrary smart contract including smart contracts that represent digital assets called Ethereum tokens.
Augur is a decentralized prediction market
Golem allows people to rent out their spare computing power to others.
Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds.
- protect you from you
Now, let's talk
By Taron Foxworth