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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Bobby Lee: How Bitcoin Came to Be

Bobby Lee: How Bitcoin Came to Be

– Here’s what it is, okay?Think about, if you’re the secret creator of Bitcoinand you said let’s only have 21 million bitcoins,how do you decide who should have the 21 million bitcoins?Is there a good answer?They should all give it to me.Or they should give it to all the poor people in Africa.Or maybe only […]

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Bobby Lee: Bitcoin’s Value Defined

Bobby Lee: Bitcoin’s Value Defined

– For the first time in humanitywe now have a digital currency that is information basedduh, information based digital currency, right?But has definitive transferable value,that means I can give you some of my digital currencyfor you to have it, of which I no longer have it.And this mimics the physical reality, physical world,where I can […]

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How France maintains its grip on Africa

How France maintains its grip on Africa

Françafrique – literally meaning “France in Africa” melded into one term – refers to France’s powerful,inseparable synergy with its former Empire in the African continent.It prevails around political and economic patronage as well as military cooperation.For decades the doctrine allowed the French to maintain their grip on Africa,affecting its former colonies to the nucleus while […]

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Marketplace’s Molly Wood answers 5 questions about BITCOIN

Marketplace’s Molly Wood answers 5 questions about BITCOIN

Hey, I’m Molly Wood, host of Marketplace Tech,here to answer five questions about bitcoin.Bitcoin is an encrypted digital currency.It’s sometimes called a cryptocurrency.And it is a global payment system.But it’s built on top of this technology called blockchain,which is essentially a virtual ledgerthat keeps track of every transaction.And the ledger is publically distributed.So in theory, […]

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Bitcoin Q&A: The 21 million supply cap

Bitcoin Q&A: The 21 million supply cap

[AUDIENCE] Where does the supply of bitcoin come from?How are you sure the market doesn’t get oversupplied?[ANDREAS] The supply of Bitcoin is determined algorithmically, based on…a geometrically declining supply function.In the beginning, every ten minutes, fifty new bitcoin [were] created. Every block, the heartbeat……ten minutes, created fifty new bitcoin.This bitcoin is used as a reward […]

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Why does Wall Street still need humans? | NYSE Einstein & Lauren Simmons

Why does Wall Street still need humans? | NYSE Einstein & Lauren Simmons

Let me take you back to the year 2000when there were over 5,000 floor tradersat the New York Stock Exchange.Now there are fewer than 400.“… now that we have computers and networksfor doing all sorts of trades.”People have been trading on the New York Stock Exchangesince 1792.Now some things have not changed.But so much else […]

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