Blockchains Explained: A Primer on Cryptocurrencies, Bitcoin, and Ethereum | Atomic

Jaime Lightfoot (Atomic); Blockchains Explained: A Primer on Cryptocurrencies, Bitcoin, and Ethereum; In Their Blog; 2017-09-06.

tl;dr → Bitcoin, Ethereum; Blockchain.

Mentions

  • Bitcoin operations cost “hundreds” of MWh to keep lit.
    <quote?From an environmental standpoint, Bitcoin consumes hundreds of megawatt-hours of electricity per day for mining.</quote>

Argot

The Suitcase Words
  • 51% Attack
  • Alice
  • banks
  • Bitcoin
  • blockchain,
    <quote>Bitcoin’s blockchain was implemented started in [circa] 2009.</quote>
  • blockchain,
    <quote>The blockchain is a file that is copied and distributed to nodes </quote>
  • blockchain ledger
  • blockchain network
  • blocks,
    bunch of blocks,
    a bunch of blocks of transactions,
    a bunch of blocks of transactions that contain a timestamp,
    a bunch of blocks of transactions that contain a timestamp and a pointer to the previous block,
    a bunch of blocks of transactions that contain a timestamp and a pointer to the previous block (such that they form a chain).
  • Bob
  • bookkeeping
  • “certain requirements”
  • conseusns
  • cryptocurrencies
  • Cryptocurrency,
    Cryptocurrencies.
  • cryptocurrency
  • decentralized apps (Dapps)
  • Department of Treasury
  • difficulty
  • distributed,
    distributed blockchain
  • distributed,
    distributed instead of centralized.
  • double-spending
  • Ethash
  • Ethereum
  • Ethereum Dapps
  • Federal Reserve
  • “hard forks”
  • Hashcash
  • laws,
    enforce laws.
  • ledger,
    master ledger,
    master ledger of transactions.
  • Litecoin
  • longest chain,
    “longest chain” rule
  • <quote>A blockchain can be described as a distributed database.</quote> … a very slow one with very low capacity.
  • <quote>Ethereum blocks are created roughly every 17 seconds.</quote>
  • <quote>I heard that Bitcoin is used to buy drugs. Well, yes.</quote>
  • <quote>In Ethereum, confirmation takes 12 blocks, or roughly three minutes.</quote>
  • master record
  • middlemen
  • node,
    <quote>A node is a computer that is connected to the blockchain network.</quote>
  • nonce
  • Proof of Stake (PoS)
  • Proof of Work (PoW)
  • Ripple
  • Serpent
  • “smart contracts,”
    smart contracts
  • Solidity
  • stolen,
    $50 megabucks were stolen.
  • trades,
    drug trades,
    illegal drug trades.
  • trust,
  • trust in intemediaries.
  • trustless
  • Turing complete
  • US Dollars (USD)
  • “wallet,”
    wallet.

Referenced

In order of appearance in the work…

Comments are closed.