“Ethereum and similar networks, tokens have made it easy to create a token with a few lines of code, but the understanding of how to apply these tokens is still vague” Shermin Voshmgir Quote from chapter 1 of the book #tokeneconomy: #blockchain #bitcoin...
Public Permissionless Blockchains like Bitcoin and Ethereum that use proof-of-work consensus mechanism currently lack scalability. The consensus mechanisms make sure that their networks are safe (attack and collusion resistant), but slow. Depending on the type of...
Blockchain Tokens Tokens are an integral part of the incentive scheme of permissionless Blockchains. They encourage a disparate group of people who do not know or trust each other to organize themselves around the purpose of a specific Blockchain or decentralized app....
On blockchains like Ethereum, smart contracts are a piece of code running on top of the blockchain protocols that where the rules of a transaction are embedded into the code and automatically enforced once all parties to the smart contract meet the pre-defined rules....
Ethereum is a virtual machine running atop a decentralized blockchain mining so called Ethers, allowing a wide range of smart contracts. The Ethereum Project, based in Switzerland, raised millions in seed money by pre-mining and selling ethers to...
