Blockchain and cryptocurrencies - a deep dive
summary
Claims that Bitcoin is a new digital bearer asset backed by public/private keys and three primitives — decentralization, incentives, cryptography — get concrete numbers and failures: blocks appear ~every ten minutes (one block moved ~$32M with 202,448 transactions), a DAO contract raises ~$150M and has 50 million dollars drained via a reentrancy bug, the chain forks into Ethereum vs Ethereum Classic, and practical tooling listed is Ganache, Infura, Solidity, Truffle, MetaMask, OpenZeppelin for building and testing.
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chapters (8)
- 0:00Start
- 9:53HOW BITCOIN WORKS
- 11:18WHO UPDATES THE LEDGER
- 22:42WHAT IS A SMART CONTRACT
- 25:17THE "DAO HACK"
- 30:29Ethereum's Early History
- 32:08FULL STACK
- 34:09SUMMARY
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