@The.Part.Time.Economist
@The.Part.Time.Economist
Cryptocurrency Tokens vs Coins - Crypto Whiteboard 101 https://open.lbry.com/@ThePartTimeEconomist:6/cryptocurrency-token:a?r=BW4Ty7cmQquUao5UNSqWNAzLTdg6KXmr A cryptocurrency coin has its own blockchain whereas a token runs on top of an already existing blockchain. In this video, I'll provide a beginner's level introduction the the difference between coins and tokens.
@The.Part.Time.Economist
"Pseudonymous" Cryptocurrencies Explained - Crypto Whiteboard 101 https://open.lbry.com/@ThePartTimeEconomist:6/anonymous-cryptocurrency:8?r=BW4Ty7cmQquUao5UNSqWNAzLTdg6KXmr The myth that cryptocurrencies are "untraceable" was born during the early days of cryptocurrency, but unfortunately persists today. In today's article , I'd like to clear up some of the confusion and explain the reality of "pseudonymous" cryptocurrencies.
@The.Part.Time.Economist
Overview of "Consensus" - Crypto Whiteboard 101 https://open.lbry.com/@ThePartTimeEconomist:6/proof-of-work-vs-proof-of-stake:7?r=BW4Ty7cmQquUao5UNSqWNAzLTdg6KXmr I this video, we will take a look at "consensus", which is the process by which cryptocurrency networks accept new transactions and agree upon the state of the blockchain. We will also briefly discuss the difference between the two leading consensus mechanisms: proof of work and proof of stake.
@The.Part.Time.Economist
"Hard" and "Soft" Forks Explained - Crypto Whiteboard 101 https://open.lbry.com/@ThePartTimeEconomist:6/fork:5?r=BW4Ty7cmQquUao5UNSqWNAzLTdg6KXmr As a blockchain grows and develops, it sometimes needs upgraded to better fulfill its function. Sometimes, this upgrade can be implemented with very little disturbance to the network, but other times, the proposed upgrades are so controversial that they cause the blockchain to split into two separate chains. In this article, we…
@The.Part.Time.Economist
Celo -The Cellphone Cryptocurrency Payment System https://open.lbry.com/@ThePartTimeEconomist:6/celo:2?r=BW4Ty7cmQquUao5UNSqWNAzLTdg6KXmr Celo is a cryptocurrency that wants to make financial services available to anyone that has a mobile phone. One of Celo’s main goals is to make it possible to send cryptocurrency to anyone simply by using their cell phone number. In theory, this would make using cryptocurrency much easier and accessible to a wider range of people and is an…
@The.Part.Time.Economist
What is an "Airdrop" ? - Crypto Whiteboard 101 https://open.lbry.com/@ThePartTimeEconomist:6/crypto-airdrop:b?r=BW4Ty7cmQquUao5UNSqWNAzLTdg6KXmr A cryptocurrency “airdrop” is a promotional tool in which crypto teams give users crypto in exchange for completing certain tasks. One of the most important lessons that my grandpa taught me is there is no such thing as a truly free lunch. Although users don't “pay” for cryptocurrency in the sense of spending cash, users have to pay…
@The.Part.Time.Economist
Non-Fungible Tokens Explained https://youtu.be/5eU4tddd3EM I remember when I first started learning about cryptocurrency I was quite confused by the concept of a “non-fungible” token. Although the wording sounds fancy, the actual concept behind a non-fungible token is actually quite simple and straightforward. Non-fungible tokens leverage blockchain technology to convey true ownership of digital assets. In this article, we will learn what non-fungible tokens are and some of…
@The.Part.Time.Economist
Pi Network Overview - Fan Request! https://open.lbry.com/@ThePartTimeEconomist:6/Pi-Cryptocurrency:e?r=BW4Ty7cmQquUao5UNSqWNAzLTdg6KXmr The official page of the Pi Network states that “Mining crypto is hard, investing in crypto is risky, and too many of us are left out of the cryptocurrency revolution.” Unfortunately, I have to agree with them. Although cryptocurrencies were intended to promote decentralization and democratization of the monetary supply, the immense amount…
@The.Part.Time.Economist
What Are Governance Tokens - Crypto Whiteboard 101 https://open.lbry.com/@ThePartTimeEconomist:6/governance-token:6?r=ZXm1XjaiyrER3aYoGiZsAVsyssYCuR3F The recent airdrop of the UNI token shows the growing popularity of DeFi governance tokens. In the past, it seemed like DeFi was an "advanced" level crypto topic, but the sudden expansion of DeFi protocols and governance tokens means that even novice crypto users may interact with DeFi, so its important to know the basics of…