krypto

BLOOD OATHS ON THE INTERNET - FROM STONE MONEY TO THE SMART CONTRACT

27. 06. 2017.

Somewhere in the middle of the Pacific Ocean is a tiny tropical group of islands called The Yap Islands. They’ve been inhabited by a native tribe since ancient times, and this remote community provides us with an interesting episode in the history of money: they used money made from limestone, i.e. they paid each other in stone money for centuries.

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ZCASH, THE SECRET MONEY

11. 01. 2017.

Bitcoin’s technology is a revolutionary invention because previously the reliable operation of a virtual monetary system without a central institution couldn’t be guaranteed. Bitcoin has proved over the last eight years that this is possible. Despite its innovation, however, it has a number of weak points.

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PARALLEL UNIVERSES – THE DAO, PART 3

29. 11. 2016.

The previous part explained that following the robbery of the decentralized company called The DAO, Ethereum’s blockchain eventually permanently forked. This was not the original intention of the community.

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Virtual Oil – Ethereum Part 3

06. 05. 2016.

One and a half years ago, Superblog readers were presented with an investment opportunity that is worth 25 times more today in dollar terms. What is ether? What is the source of its value? How is it better and different than bitcoin? How did we get here and what can we expect for the future? These are the questions I am attempting to answer below.

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A world built on blockchains – Ethereum Part 2

05. 05. 2016.

Satoshi Nakamoto published his theoretical white paper explaining the mechanism of the bitcoin in October 2008. Although the paper is only 9 pages long, it describes one of the most significant inventions in recent years, the blockchain technology responsible for the authentic clearing of bitcoin transactions.

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Web 3.0 – Ethereum Part 1

04. 05. 2016.

In summer 2014, I was psyched to learn about the concept of Ethereum. I found it a brilliant idea, and kept fingers crossed for the success of its implementation.

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