WTF Etherum 

Da Block Chain

Merkle Trees

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

 IPFS, Btrfs and ZFS file systems

 BitTorrent protocol

Git and Mercurial distributed revision control systems

Da Blockchain

a ledger?

"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

Distributed af

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

 

💰

not shit

Medium of Exchange

Store of value

Title Text

So what is Mining?

proof-of-work

Design Incentives

Smart Contracts

Solidary

A built-in programming language

(in the protocol)

Ethereum Virtual Machine

Ether

Contracts

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

ETH

By Taron Foxworth

ETH

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