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Cryptocurrency custody firm Fireblocks is offering its long list of fintech and corporate clients a non-custodial wallet service so it can access exotic crypto offerings such as DeFi and other Web3 applications.
The Nakamoto Consensus is a set of rules that verifies the authenticity of a blockchain network, using a combination of Proof-of-Work with the "longest chain" rule.
Block time is the average time needed to mine a new block. Blockchain networks have different block times. Block times range from a matter of seconds to a few minutes. PoW-based blockchains, block time is maintained close to a constant value by re-evaluating the mining difficulty
Proof of work (PoW) is a decentralized consensus mechanism that requires network members to expend effort in solving an encrypted hexadecimal number. Proof of work is also called mining, in reference to receiving a reward for work done.
Ethereum Improvement Proposal (EIP) 1559 is an upgrade that happened on August 5, 2021 to change how Ethereum calculates and processes network transaction fees (called "gas fees").
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
Cardano was founded in 2017 and named after the 16th century Italian polymath Gerolamo Cardano.
Forks in blockchain means copying the code and modifying it to create a new software or product.
Bitcoin has hard-forked over 100 times
Ethereum has forked many times as well.
The Genesis Block, also known as Block 0, is the very first block upon which additional blocks in a blockchain are added. It is effectively the ancestor that every other block can trace its lineage back to since every block references the one preceding it.
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017. It's core development is IPFS or (the Interplanetary File System).
A system of data-manipulation rules is said to be Turing-complete if it can be used to simulate any Turing machine. This means that this system is able to recognize or decide other data-manipulation rule sets.
Ethereum is the first Turing complete blockchain.
BlackRock, the world's largest asset manager, filed for a Bitcoin spot ETF on June 15th, 2023.
The filing proposed Coinbase as the crypto custodian and spot market data prover.
They later refiled the application in July after the SEC flagged flaws in the filing.
Vitalik Buterin allegedly had his X account compromised. The incident has led to victims collectively losing over $691,000 after clicking on a malicious link.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Ethereum Virtual Machine (EVM) is the runtime environment that executes Ethereum smart contracts.
It runs on top of the Ethereum network, meaning that all nodes reach a consensus about what code should be executed at every given time.
Decentralized applications (dApps) are digital applications or programs that run on a decentralized network, rather than a single computer or server. They are built on blockchain technology and use cryptocurrency as a means of exchange.
A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement.