BLOCKCHAIN FOR NEWBIES
Price isn’t the whole story. In the wake of renewed scrutiny of the blockchain industry, a closer look at the hard facts behind the Ethereum network.
In this post, we will go over Ethereum Proof-of-Stake and how we can get ready to participate.
“Governance” has recently been echoed quite frequently, as more individuals realize how large a role process plays in upgrading ‘decentralized’ protocols. Vlad Zamfir, for example, has written plenty of primers over time on governance and what it means to stakeholders (encapsulating all users) in the control, hopefully, of a public good. Steven McKie recently wrote his own primer on blockchain governance in order to align users on a network in terms of placing a blockchain’s narrative on equal footing with its “low-level technical semantics,” as speculative sentiment is still what controls most decisionmaking in this space. It’s quite important to continually beat the drum of governance simply because knowing how a protocol operates is as imperative as knowing how its operators can operate. A ‘decentralized’ protocol is only as good as the process by which it can update or upgrade itself.
Bitcoin is not going into a miner-induced death spiral.
In an extremely unlikely scenario, if hash rate dropped a lot, miners can be kept running by increasing fees.
If that wasn’t enough, as a last resort, there could be an emergency fork to manually lower difficulty.
What does it mean to say that a cryptonetwork is decentralized? A quick Twitter search suggests that it has to do with how many computers are running in it, the number of miners keeping it secure, their respective hashing power, or the degree to which such things are all geographically strewn about. It’s true that these things have often been correlated with decentralization, but they are a far cry from its definition.
Exchange is a core function that underpins the entire crypto economy — from game items to meme markets to local maize markets in Ghana, decentralized exchange is what enables new markets to function in a global and trustless manner. Furthermore, we believe the 0x Protocol will be the technical standard that delivers seamless interoperability of tokenized value across platforms, geographies, and individuals.
In these series of reports, we are going to examine 5 cryptocurrencies with the most impressive developer activity this month. For this month’s report, we are going to look into all the developer activity done between 28th October – 25th November. The idea of these reports is to show you the projects which are attracting a lot of developers into their ecosystem.
This is the best time to learn about Bitcoin and cryptocurrencies if you don’t know much about the industry and have just been buying in for the sake of making money. These 7 books will help you to understand Bitcoin, blockchain technology, and the financial system they build in a way that you perhaps you have not before.