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source: FastCompany
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@donhylo
1973 first iteration of the internet
1994 you can safely send your credit card number over the internet through HTTPS
2009 bitcoin
1998
google
2009
uber
2008
airbnb
1995
ebay
1994
amazon
2004
facebook
2006
twitter
1980
1990
2000
2010
1989 Tim Berners-Lee inventes the World Wide Web at CERN
internet of ideas
internet of shopping
internet of agreement?
source: Vinay Gupta, Rob Knight & Wikipedia
1999
paypal
2015 ethereum
2019 today
2014
consensys
2015
parity
1976
apple
1975
microsoft
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[output]
[output]
[output]
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100
?
Joe Lubin
Jimmy Song
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capped vs. uncapped
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4.25
12.5
17M
@donhylo
72.049.306 ETHER
103.042.415 ETHER
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@donhylo
blockchain + consensus mechanism
ethereum virtual machine (EVM)
smart contract developing platform
@donhylo
Every node on the Ethereum blockchain network has a copy of the smart contract
But the rest
of the world
has no clue!
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contract PiggyBank { function() public payable { } }
but nobody can crack it
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contract PiggyBank { function() public payable { } function Crack () public { selfdestruct(msg.sender); } }
but anybody can crack it and take the money
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contract PiggyBank { address owner; function PiggyBank () { owner = msg.sender; } function() public payable { } function Crack () public { selfdestruct(owner); } }
but anybody can crack it
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contract PiggyBank { address owner; function PiggyBank () { owner = msg.sender; } function() public payable { } function Crack () public { require(msg.sender == owner); selfdestruct(owner); } }
only the owner can crack it
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source: Ethereum, Gas, Fuel & Fees
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fee = (startGas — remainingGas) × gas price
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>20.000 participants
~\(\Xi\)12m (~$150m)
~14% of Ethereum market cap
Vitalik put 1500 ETH in it
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infrastructure
identity
I'm 32
I have 1.764€ on my bank account
I know who Satoshi Nakamoto is
identifiers
verifiable claims
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image from The Infinity of Lists
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"Token-curated registries
are decentrally-curated lists
with intrinsic economic incentives
for token holders to curate the list’s contents judiciously."
source: Token-Curated Registries 1.0
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expected value
block reward
hash power for the participant
number of tokens rewarded each block
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BY ADDING PRACTICAL CONSTRAINTS
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BY ADDING ENGINEERING THEORY, PRACTICE AND TOOLS
IDEAL DESIGN IN THE BEST CASE SCENARIO
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THEN, TRANSLATE THOSE INTO OBJECTIVES AND CONSTRAINTS
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Stakeholders | What do they want? | What value do they provide? | What might they get in return? |
---|---|---|---|
Users | |||
Contributors | |||
Clients | |||
Sponsors | |||
Investors | |||
… |
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e.g the purpose of the token is
to maximise the amount of X
available to the end users
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e.g. conditions upon which tokens are used as rewards or penalties
e.g. requirements for using the token
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Bitcoin | 3 tx/s |
Ethereum | 10 tx/s |
PayPal | 200 tx/s |
Credit Card | 5,000 tx/s |
IoT | 50,000–70,000 tx/s |
200,000 tx/s |
source: epicenter podcast #248 bloXroute
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The trilemma claims that blockchain systems can only at most have two of the following three properties
source: The ScalabilityTrilemma
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source: BeyondBlock Taipei Meetup
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