The Merge Is Upon Us - What To Know! https://www.youtube.com/watch?v=Cj-vdzWTwlQ The long-awaited merge of the Ethereum blockchain from proof of work to proof of stake is expected within the next month, but what does this merge mean? In this video, I'll give a brief overview of the difference between proof of work and proof of stake consensus mechanisms and explain why the transition from proof of work to proof of stake is such a major accomplishment. I'll also briefly…
@The.Part.Time.Economist in August 2022
Crypto 101 - What Is A Test Net? https://www.youtube.com/watch?v=OMkNskVQIVw A recent feature update on the Cardano blockchain caused a "catastrophic" failure that wiped out over two years of transaction history. Thankfully, this occurred on a test net and although no real funds were lost, this Cardano example brings up a good point that applies to the broader cryptocurrency world. What is a test net, how do they work, and why are test nets so important to cryptocurrency…
Governance Tokens VS Proof Of Stake - What's The Difference? https://www.youtube.com/watch?v=b7GLJLrwhgI Proof of stake cryptocurrencies such as Solana, Cardano, and ETH 2.0 allow a decentralized network of participants to maintain the integrity of the network by verifying that transactions follow the rules of the blockchain. If we already have a way of governing the network through proof of stake, then why do we need governance tokens? In this post, I'll use the WAX…