Learn more about moneyandinvestments with this collection
The differences between Web 2.0 and Web 3.0
The future of the internet
Understanding the potential of Web 3.0
Understanding Ethereum
Ethereum is a programmable blockchain. A blockchain is a way of arranging lots of computers together to do the same thing.
It's somewhat like Google Docs or any other syncing technology that moves pictures from your phone to your laptop or whatever. The difference is that it's syncing thousands of computers. If a few machines get hacked or drop offline, the network carries on without any problems. The computers form a choir, and they don't forget the chorus.
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Features of programmable blockchain
Blockchain has two remarkable features:
- The way it pays for all the computers. On one side, there is a sort of roulette wheel. The wheel gets a spin five times a minute, and one of the computers helping gets a prize. The award is noted in the blockchain and synced to a...
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Ethereum incorporates Smart Contracts
A smart contract is a tool for changing the world. Take a loan: I send you money, your account automatically pays it back with interest. If you can't pay, a third party covers your debts, and it's all locked in at the start. We have prod...
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An Internet of Agreements
The concept is straightforward. Two (or more) people negotiate a business deal. There's a computer in the room to take notes. When the deal has been done, it displays the terms to the participants to fine-tune. If they agree, a smart contract is made to reflect those terms.
When E...
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Difference between Bitcoin and Ethereum
Bitcoin enables trade. it's being used for buying coffee or making international money transfers.
Ethereum is about disintermediation - a direct relationship between two people without a middleman. It is about direct communications between people, which are...
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Ethereum is new programmable money
- The many things that can go wrong with a bond in the real world can't happen in the pure digital world of the blockchain. The simpler abstract systems in the blockchain universe lack the sophistication of the main financial system, but the old system can run into crises ...
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