Jaime Lightfoot (Atomic); Blockchains Explained: A Primer on Cryptocurrencies, Bitcoin, and Ethereum; In Their Blog; 2017-09-06.
tl;dr → Bitcoin, Ethereum; Blockchain.
- 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>
The Suitcase Words
- 51% Attack
<quote>Bitcoin’s blockchain was implemented started in [circa] 2009.</quote>
<quote>The blockchain is a file that is copied and distributed to nodes </quote>
- blockchain ledger
- blockchain network
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).
- “certain requirements”
- decentralized apps (Dapps)
- Department of Treasury
distributed instead of centralized.
- Ethereum Dapps
- Federal Reserve
- “hard forks”
master ledger of transactions.
- 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
<quote>A node is a computer that is connected to the blockchain network.</quote>
- Proof of Stake (PoS)
- Proof of Work (PoW)
- “smart contracts,”
$50 megabucks were stolen.
illegal drug trades.
- trust in intemediaries.
- Turing complete
- US Dollars (USD)
In order of appearance in the work…
- Proof of Work (PoW); In Some Wiki.
- Proof of Work (PoW) versus Proof of Stake (PoS); Staff (a ‘bot); In Some Blog; WHEN?
- How does the Proof of Work system help secure Bitcoin; In Some Wiki
- Protocol Rules, of Bitcoin
- Real Time Bitcoin Charts; which fluctuate wildly.
- Something; on the BBC.
- Hacker may have removed more than $50 million from the experimental cybercurrency project; Some Cub Reporter (SCR); In The New York Times (NYT); 2016-06-18.
tl;dr → source for the claim that “$50 million was stolen.”
- 51% attack, definitional
- Silk Road is Seized; Staff (a ‘bot); In Mashable; 2013-10-02.
tl;dr → Source for the background on FBI & the shutdown of the Silk Road marketplace.
- Using Bitcoin Anonymously; Staff (a ‘bot); an explainer; Some Booster Site; WHEN?
- Something about Wannacry; Some Cub Reporter (SCR); In C|Net; WHEN?
tl;dr → source for the “$70,000″ factoid.
- Wannacry Hackers Turn Bitcoin into Cash; Staff (a ‘bot); In Mashable; 2017-05-16.
- List of Cryptocurrencies; In Jimi Wales’ Wiki.
tl;dr → source for the “900 cryptocurrencies” claim.
- Bitcoin is Great!; Staff (a ‘bot); In Some Blog; WHEN?
tl;dr → source for the “100,000 merchants” claim.
- an Explainer; Staff (a ‘bot); In Some Blog; WHEN?
- Ethereum is Popular; Staff (a ‘bot); In Some Blog; WHEN?
- Distributed Appliations (Dapps)
- Some Talk; at SoftwareGR; WHEN?