Mining Difficulty – Simply Explained

Mining Difficulty – Simply Explained

In the past, I made a video explaining how blockchains work, and in it, I also explain what mining is. In a nutshell, mining is the process of creating a new block for a blockchain and filling that block with transactions. But what I didn’t explain is the “mining difficulty.” To understand what it is, […]

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Mining Difficulty – Simply Explained

In the past, I made a video explaining how blockchains work, and in it, I also explain what mining is. In a nutshell, mining is the process of creating a new block for a blockchain and filling that block with transactions. But what I didn’t explain is the “mining difficulty.” To understand what it is, […]

Continue reading

[CS198.1x Week 2] Ethereum Bubble

[CS198.1x Week 2] Ethereum Bubble

On June 21st 2017, the price of Ethereum on the exchange GDAX crashed briefly to 10 centsUSD per ether due to a massive sell order.This is a testament to the massive volatility of cryptocurrency prices.Much of the price is dependant on the public perception of the currency.Here are a few things that affected it.Speculation about […]

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[CS198.1x Week 2] Ethereum Timeline

[CS198.1x Week 2] Ethereum Timeline

After Bitcoin, the next most influential blockchain platform is Ethereum.Bitcoin is a storage of value, that is to say, it’s “coin-centric”.It was created as a medium of payment transaction and a store of value, an alternative to regularmoney.Ethereum, on the other hand, was developed as a platform to execute peer-to-peer “smartcontracts” and applications.It supports Turing-complete […]

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Ethereum’s Constantinople Update & Difficulty Bomb

Ethereum’s Constantinople Update & Difficulty Bomb

Not too long from now, Ethereum will get another update.It’s called Constantinople and will bring some much needed upgrades to improve the performanceof the Ethereum blockchain and it will also address the problems related to the difficultybomb and miner rewards.The update is rather intensive and will break backwards-compatibility, meaning that it willcome into existence with […]

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[CS198.1x Week 2] Ethereum Bubble

On June 21st 2017, the price of Ethereum on the exchange GDAX crashed briefly to 10 centsUSD per ether due to a massive sell order.This is a testament to the massive volatility of cryptocurrency prices.Much of the price is dependant on the public perception of the currency.Here are a few things that affected it.Speculation about […]

Continue reading

Ethereum’s Constantinople Update & Difficulty Bomb

Not too long from now, Ethereum will get another update.It’s called Constantinople and will bring some much needed upgrades to improve the performanceof the Ethereum blockchain and it will also address the problems related to the difficultybomb and miner rewards.The update is rather intensive and will break backwards-compatibility, meaning that it willcome into existence with […]

Continue reading

Ethereum’s Constantinople Update & Difficulty Bomb

Not too long from now, Ethereum will get another update.It’s called Constantinople and will bring some much needed upgrades to improve the performanceof the Ethereum blockchain and it will also address the problems related to the difficultybomb and miner rewards.The update is rather intensive and will break backwards-compatibility, meaning that it willcome into existence with […]

Continue reading

IPFS: Interplanetary file storage!

Today, the internet is such an important tool in our everyday life.We use it to consume media, to communicate with friends and colleagues, to learn, tohandle our finances and much more…But the web as we know it has a problem: the information on it is centralized.It’s all stored on big server farms like this one […]

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[CS198.1x Week 2] Ethereum Timeline

After Bitcoin, the next most influential blockchain platform is Ethereum.Bitcoin is a storage of value, that is to say, it’s “coin-centric”.It was created as a medium of payment transaction and a store of value, an alternative to regularmoney.Ethereum, on the other hand, was developed as a platform to execute peer-to-peer “smartcontracts” and applications.It supports Turing-complete […]

Continue reading