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Ethereum Explained Youtube

Ethereum Project

Ethereum Project

You are responsible for your own computer security. If your machine is compromised you will lose your ether, access to any contracts and possibly more. You are responsible for your own actions. If you mess something up or break any laws while using this software, it's your fault, and your fault only. You are responsible for your own karma. Don't be a jerk and respect the rights of others. What goes around comes around. The user expressly knows and agrees that the user is using the Ethereum platform at the users sole risk. The user acknowledges that the user has an adequate understanding of the risks, usage and intricacies of cryptographic tokens and blockchain-based open source software, eth platform and ethereum The user acknowledges and agrees that, to the fullest extent permitted by any applicable law, the disclaimers of liability contained herein apply to any and all damages or injury whatsoever caused by or related to risks of, use of, or inability to use, ethereum or the Ethereum platform under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that neither Stiftung Ethereum (i.e. Ethereum Foundation) nor Ethereum team shall be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data that occurs as a result. Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain types of damages. Therefore, some of the above limitations in this section may not apply to a user. In particular, nothing in these terms shall affect the statutory rights of any user or exclude injury arising from any willful misconduct Continue reading >>

Vitalik Buterin Explains Ethereum In His Own Words At Disrupt Sf

Vitalik Buterin Explains Ethereum In His Own Words At Disrupt Sf

Vitalik Buterin explains Ethereum in his own words at Disrupt SF Yuri Milners conservative predictions for the consumer internet in 20years Today at Disrupt SF 2017 Vitalik Buterin sat down with AngelList founder Naval Ravikant to talk Ethereum. Because, well, Vitalik created Ethereum. Up front, Ravikant asked him to explain Ethereum and this is what he said. You basically need to have some system that keeps track of how much money you have at any given time, how much money you have the right to spend, Buterin said. You can very easily do it with centralized servers, but if you want to do it in a decentralized manner, its actually a very hard problem. Continue reading >>

What Is Polkadot In Layman's Terms?

What Is Polkadot In Layman's Terms?

So I was trying to dive into the polkadot paper by Gavin Wood, co-founder of Ethereum and founder of Parity. But it seems to be too advanced for my current level of understanding. In layman's terms what exactly is polkadot? It would be useful to link to the paper you're referencing, so we can make sure we're answering what you're asking about. MidnightLightning May 30 '17 at 17:35 @AtifAli, is this the paper you are referring to? bit.ly/2gIUFtZ Tesa May 31 '17 at 6:55 @MidnightLightning Thanks for the suggestion, will definitely keep that in mind next time! Apologies. Atif Ali May 31 '17 at 20:33 Polkadot tries to answer this question: "How do we get blockchains to interact with each other?" There are quite a number of people online who have tried to introduce PolkaDot in simple terms. Here are a few summaries I found helpful. PolkaDot Brings Multiple Blockchains into One Network by Unlocking Scalability and Extensibility -- Polkadot is a multi-chain framework that supports interoperability between wildly different chains with different properties including encrypted proof-of-authority chains suitable for internal enterprise networks ( as long as they confirm to certain specifications). For the very first time in blockchain history, the different blockchains will form one large inclusive interoperable multi-chain network with pooled security. This below is from the Dummies' Guide to PolkaDot and Parachains by Paul Kohlhaas Polkadot is a relay mechanism that facilitates authenticated transactions from one blockchain to another... Simply put, Polkadot provides pooled security that is equal to all members, regardless of the protocol they operate on. Second, it enables trust-free transactions between all its member chains. An inter-chain that acts as a pool of secured mess Continue reading >>

Vitalik Buterin: What Is Ethereum And How To Build A Decentralized Future

Vitalik Buterin: What Is Ethereum And How To Build A Decentralized Future

Mike and I have been talking a lot about decentralized platforms on our podcast lately. In this episode we invited Vitalik Buterin, the creator of Ethereum, to talk about the applications and implications of this highly promising new decentralized platform. Ethereum is meant to eliminate the middlemen in many industries. Based on the blockchain technology (which Bitcoin is also built on), what makes this platformdifferent is that it has much broader applications. From finance (banking, payments, crowdfunding) to sharing economies (Uber and AirBnB-like platforms) to communications (social networks, email) to reputation systems (credit rating, seller rating on e-commerce sites) to governance, the possibilities are endless. A platform like this can have massive implications on what the future looks like, and it can change the face of the global economy. At the time of its initial campaign in mid 2014, Ethereum became the second most crowd-funded project in the history of the Internet. Currently still in development, the preliminary launch date is predicted to be around the spring of 2015. In this podcast episode,Vitalik Buterin explainshow the platform works, its potential uses, pros and cons, and how decentralized platforms in general will affect our future. There is alot of intermediaries that end up charging 20-30% and if the concept of decentralization takes of and does well than those are also going to decline to near zero. In this episode of The Future Thinkers Podcast: Continue reading >>

Blockchain, Bitcoin And Ethereum Explained

Blockchain, Bitcoin And Ethereum Explained

Blockchain, Bitcoin And Ethereum Explained Opinions expressed by Forbes Contributors are their own. Despite hundreds of articles being written and discussions being had on this subject, can anyone truly say that they understand everything about blockchain, Bitcoin,and Ethereum? I spoke to Loi Luu, co-founder and CEO of KyberNetwork , a decentralized exchange that allows for the instant trading and conversion of any cryptocurrency. I asked this renowned cryptocurrency, smart contract security and distributed consensus algorithm researcher the questions most regularly asked about blockchain, as well as its impact on the fintech industry. Madhvi Mavadiya: In layman's terms, how would you describe blockchain's impact on the fintech industry? Loi Luu: Revolutionary, because it takes away the middleman to attain the same purposes in transactions. Traditionally, middlemen such as banks and other forms of financial institutions are needed to ensure that a payment goes through. However, these middlemen cost money, and as a result payment transactions become unnecessarily inefficient, bloated and expensive. Additionally, having middle men introduces potential security risks and financial fraud. Blockchain improves the efficiency of a transaction by eliminating the middlemen, and as a result, we could have a more efficient payment system, reducing the cost of money transfer for everyone. Blockchain also makes things more transparent and easily auditable by any third party. Mavadiya: How would you describe Ethereum's impact on fintech? Loi: Ethereum is the first generic blockchain platform that allows users to easily create and deploy their decentralized and trustless applications. It has created incredible opportunities in the fintech space. Its creation and adoption has allowed Continue reading >>

Crypto-mining Malware Epidemic: 55% Of Businesses Affected Worldwide, Including Youtube

Crypto-mining Malware Epidemic: 55% Of Businesses Affected Worldwide, Including Youtube

Crypto-Mining Malware Epidemic: 55% of Businesses Affected Worldwide, Including YouTube Fifty five percent of businesses worldwide are affected by cryptocurrency mining malware: it has even been detected in YouTube ads. Another case of cryptojacking was detected on YouTube and resolved by Google over the course of this week, Ars Technica reported Friday, Jan. 26. According to the report, anonymous hackers have managed to run ads on YouTube that consumed the visitors CPU power and electricity in order to mine cryptocurrencies for the attackers. The users started posting complaints on social media this week telling that their antivirus programs detected cryptocurrency mining code in the ads that have been displayed to them by Youtube. According to the report of the cyber security company Trend Micro , the attackers have managed to place mining malware on YouTube via the Google DoubleClick advertising platform. The ads disproportionately targeted users from Japan , France , Taiwan , Italy , and Spain . The vast majority - ninety percent - of ads were using JavaScript code provided by Coinhive , a controversial cryptocurrency mining platform that allows its subscribers to earn income by using other peoples computing power in an unauthorized manner. As has been discovered by Trend Micro on Friday, the YouTube ads have been responsible for a threefold increase in Web miner detections worldwide. In reaction to complaints from the users, Google - who owns YouTube - has announced that the situation has been resolved in a couple of hours. According to an email from the company, "the ads were blocked in less than two hours and the malicious actors were quickly removed from our platforms." However, there is still no precise information about the timeframe of the events as Google d Continue reading >>

The Stellar Consensus Protocol: Decentralization Explained

The Stellar Consensus Protocol: Decentralization Explained

The Stellar Consensus Protocol: Decentralization Explained Click here to share this article on LinkedIn First, I wanted to address the misconception that Stellar and Ripple do the same things. Im excited to see the Stellar community growing. The new interest in Stellar is amazing but the code is completely different. Stellar is a decentralized protocol. Ripple is not. Federated Byzantine Agreement (FBA) is a model for consensus using nodes, quorum slices and quorums. Quorum slices are sets of nodes used for reaching an agreement. An agreement that can never change in the future is a quorum. How does FBA relate to Stellar? The Stellar Consensus Protocol (SCP) is an evolution of FBA. Previous FBA protocols had a determined membership list. The main point to remember is that SCP uses open membership. Anyone can join. In SCP, an important concept is that nodes have the ability to choose trust. Sounds simple enough but how does this work? I spent weeks trying to figure this out. I reached out to David Mazires, creator of SCP, and the answer was simple. Trust is setup in a nodes config file. A eureka moment to say the least. Not all nodes will have the same config file so slices and quorums will form dynamically. The ability to choose trust decentralizes the network. The image below is a screenshot taken from David Mazires SCP talk at Google. You can view that talk here and a link is available at the end of this post. The image shows how nodes have the ability to choose whom they trust. In this example, nodes 7 and 8 are setup to not trust banks. Thus, an agreement with the banks requires another quorum slice the nodes trust. When an agreement forms, a quorum is created. For a detailed explanation, I highly recommend watching the full presentation. Continue reading >>

Bitcoin Youtube Ad - Bitcoin Safello, Bitcoin Millionaire Wiki, Bitcoin Volatility Explained

Bitcoin Youtube Ad - Bitcoin Safello, Bitcoin Millionaire Wiki, Bitcoin Volatility Explained

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Youtube Ads Secretly Mining Monero, Leaching Computing Power

Youtube Ads Secretly Mining Monero, Leaching Computing Power

YouTube ads secretly mining Monero, leaching computing power Posted by Jacob Dunn | Jan 29, 2018 | News Cryptocurrency mining is becoming increasingly expensive as equipment and energy costs rise. As a result, a rising trend seeks to divert website visitors computing power tomine cryptocurrency instead. Hackers have adopted the tactic even infiltrating Googles Doubleclick ads on YouTube by injecting mining code into advertisements. Hijacked ads leach computing power from viewers to mine Monero for anonymous hackers. The recent so-called cryptojacking event affected YouTube viewers in several countries including Japan, Taiwan, Spain, Italy, and France. YouTube users took to social media starting on January 23rd to complain that their antivirus software was blocking the site. Soon, cybersecurity firm Trend Micro explained that ads from DoubleClick platform contained Monero web mining scripts. Chaoying Liu and Joseph C. Chen reported their findings in a company blog post. We detected an almost 285% increase in the number of Coinhive miners on January 24. We started seeing an increase in traffic to five malicious domains on January 18. After closely examining the network traffic, we discovered that the traffic came from DoubleClick advertisements. According to a recent Ars Technica article, the ads contain JavaScript that mines Monero. Most cases used publicly available JavaScript from Coinhive, a cryptocurrency-mining service. Many in the crypto community criticize the service because subscribers profit from other peoples computing power without their knowledge or permission. As visitors watch content, scripts may use up to 80% of a visitors CPU. This leaves the device barely functional. Cybersecurity expert Troy Mursch told Ars Technica that hackers likely target video s Continue reading >>

Can Blockchain Technology Challenge Youtube, Netflix?

Can Blockchain Technology Challenge Youtube, Netflix?

Can Blockchain Technology Challenge YouTube, Netflix? Blockchain technology is making inroads into video content, threatens to uproot centralized systems Online video content is already a huge industry. Giants like YouTube have effectively controlled the marketplace to such a large degree that they have become ubiquitous for content consumption globally. While these massive corporate giants have created platforms that allow users access to a wide swath of streaming video content, some cracks in the business model have started to show up. Companies like YouTube are being called to task because they have been able to monetize creator content without paying the actual creator anything but ad revenue. While YouTube profits on the content that is uploaded, the actual creative genius behind the content is kept at arms length, and forced to essentially sell advertising for the platform in order to make money. There are no assurances that creators will make money out of their content - even if these go viral. This is, unless they have a specific monetization mechanism in place. However, these services benefit from everything users generate. And companies like Netflix are being critiqued for their general content control, keeping users from watching what they want. Available content is currently tightly controlled by the video streaming platform. Companies like Netflix have almost authoritarian control, keeping users within the confines of a limited supply of videos to stream. The monthly service charges also means that the company is paid regardless of how much content users consume. A user who watches one video a month is charged the same as a user that watches 100. Blockchain technology seems to have the answers, according to a recent article in Forbes. The distributed ledge Continue reading >>

Video Streamers Have More Options With These New Blockchain Startups

Video Streamers Have More Options With These New Blockchain Startups

Video Streamers Have More Options with These New Blockchain Startups Innovative technology companies are leveraging blockchain technology to build next-generation business models and Content Delivery Networks (CDNs) for video streaming, a multibillion-dollar industry that continues to grow. According to data revealed by Theta Labs, one of the companies covered below, the video content and streaming market accounts for 67 percent of current internet traffic and could reach 82 percent by 2020. The new players promise to decentralize global video streaming, while at the same time making it more efficient. According to Jeremy Kauffman, co-founder and CEO of the blockchain-based content distribution platform LBRY , blockchain technology could transform the monetization of online content by altering the way that creators get paid, and eventually challenge YouTube . The LBRY protocol allows creators to publish online, making their content discoverable with a small payment in LBRYs own cryptocurrency token. Viewers pay creators in LBRY tokens to see their work. [Blockchain technology] allows us to build technology thats owned by the users rather than any one party, Kauffman said . Thats the problem that blockchain [technology] solves. Kauffman explained that under the LBRY model, creators are paid without an intermediary taking an inappropriately large cut. Since LBRY is a protocol, the company cant control what gets discovered. Kauffman said that LBRY recruited 4,000 YouTubers in specifically targeted demographics, several of which have 500,000 or more subscribers, which seems a good first step toward challenging YouTube in its own turf. YouTubes co-founder Steve Chen himself, as well as Justin Kan, co-founder of Twitch, are among the advisors of Theta Labs , a subsidiary of Continue reading >>

Bitmex Youtube

Bitmex Youtube

Crypto-currency startup Tezos is encountering some headwinds despite raising $232 million in July through an initial coin offering (ICO). This step by step guide will show you how you can earn interest by shorting Bitcoin. Crypto Trader Digest Feb 2. Today BitMEX expanded its product suite by adding the XBU chain. We are excited to announce that there is now an Ethereum (ETH) client built specifically for the Ethereum Classic (ETC) community. Bitcoin Resources. Bitcoin will likely split into two separate currencies, and it's all thanks to an alternative bitcoin cash being proposed by some crypto currency powerbrokers. No accusations of rule violations. Slide Deck Link: To trade Litecoin on BitMEX, please trade LTC7D If you are unable to attend, a video recording will be available shortly after the event on the BitMEX Youtube Channel. Bitcoin News: Bitmex Launches Bitcoin Cash Futures and Announces BCH Distribution I heard some news last week they were changing policy, however didn't hear any official accouncement. Find resources for anything related to the crypto currencies world - Bitcoins and Altcoins. BitMEX CEO, Arthur Hayes, provides a step by step guide on how to conduct Cash and Carry, and Create to Lend Altcoin arbitrage strategies. How to earn interest from lending on the Bitcoin Swap from BitMEX? Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off. I explained the basics of arbitrage and basis trading on BitMEX. The XBU chain is worth $100 of Bitcoin. ... please visit the BitMEX YouTube channel. Saw this on coinmarketcap: Went to Bitmex's site expecting an exchange without maker/taker fees. Crypto trading How To, Index and home for alternative coins Before Bitcoin got famous, it was most used Cryptocurrency on the dark web. Margin trading on bitmex? B Continue reading >>

The Daily Show Seriously Tries To Explain Bitcoin And Other 'stupid Meme Currencies'

The Daily Show Seriously Tries To Explain Bitcoin And Other 'stupid Meme Currencies'

The Daily Show seriously tries to explain bitcoin and other 'stupid meme currencies' Bitcoin's heady rise into the financial ether hit some turbulence this week, as the world's largest cryptocurrency dropped 30 percent in five days , from nearly $20,000 a coin to about $13,000 on Friday. If the mention of blockchains and cryptocurrencies makes your eyes glaze over, The Daily Show's Ronny Chieng might have the explainer for you, starting with the big question: "Is this some fake s--t that some f---ing nerds made up on the internet to steal our money, or is it the future of finance?" The answer might be: both. Chieng interviewed the co-founders of two cryptocurrencies, Ethereum No. 2, behind bitcoin and Dogecoin, a "stupid meme currency" that is nevertheless "worth almost $400 million," he noted. But first he took a bubble bath. "Does cryptocurrency make you feel angry and confused? Well it should," Chieng said, necking champagne in a bathtub overlooking Manhattan, like in The Big Short. Cryptocurrencies, he explained, are a way to conduct financial transactions online without a middleman like PayPal taking a cut, and minimizing the risk of theft by recording each transaction in a public ledger called a blockchain. But in the end, a cryptocurrency like Ethereum is "based on faith" in its blockchain, Ethereum's Joe Lubin explained. "When you get enough people believing in cryptocurrency, then you can snowball into something that a society actually deems valuable, like the U.S. dollar." Chieng decided that if money isn't real, he might as well make his own cryptocurrency, ChiengCoin. That took all of 10 minutes, but he highlighted the faith problem when he tried to use it. Watch and (maybe) learn below. Peter Weber Continue reading >>

Ethereum Digital Currency: What You Need To Know

Ethereum Digital Currency: What You Need To Know

Ethereum Digital Currency: What You Need To Know The general public first became aware of blockchain technology with the inception of bitcoin . Bitcoin, a decentralized digital currency, or cryptocurrency , allows people to send and receive funds to each other without the need for an intermediary such as a bank or payment processing company. The safety and validity of these peer-to-peer transactions is made possible by blockchain, which facilitates a public ledger of all bitcoin transfers on the network and enforces checks and balances that prevent P2Ppitfalls such as double spending and other fraudulent activity. While blockchain is in fact the underlying technology behind bitcoin, it is also utilized for a number of other purposes throughout various industries. Because of its inherent transparency and ability to securely remove the middle man when facilitating digital asset transfers, currency or otherwise, blockchain presents some very unique opportunities to enterprising developers such as the team behind the Ethereum project. Like bitcoin, Ethereum utilizes blockchain technology. Also like bitcoin, Ethereum features a cryptocurrency named Ether that can be bought, sold, traded or produced by mining. The high-level similarities end there, however, as Ethereum was created and structured with a significantly different purpose in mind. Essentially a programmable blockchain, the open source Ethereum platform can be home to a multitude of user-created decentralized applications. What this means is programmers can use Ethereum not only to design and release their own cryptocurrencies like bitcoin, but also store and execute future contracts like real estate payments or wills for example. Per its creators, Ethereum on its own is "value-agnostic" and in the end developers Continue reading >>

7 Must See Bitcoin Documentaries

7 Must See Bitcoin Documentaries

Update (30th June 15:05 BST): This article has been updated with an additional entry. The story of bitcoins journey into mainstream society seems practically made for Hollywood. From its introduction to the public in 2008 with Satoshi Nakamotos white paper , up to today, bitcoin has endured dramatic highs and even more spellbinding lows as the community has matured alongside the technology. With all of the scandal, tales of overnight millionaires and the captivating nature of such a disruptive invention, it should come as no surprise that many filmmakers are jumping at the opportunity to tell stories about bitcoins impact on people's lives and society as a whole. Because bitcoin is so technically complex and the concept of purely digital money is such a novelty to most people, it is sometimes difficult to communicate its value and its potential to truly change society on a global scale. Documentaries are an approachable and entertaining medium for educating audiences all over the world on their subject matter, so it's certainly fitting that there are a number of bitcoin documentaries in production. These six documentaries highlight bitcoins different use cases, its short but dramatic journey over the past five years, and its position in a long history of financial systems. 1. Bitcoin: The End of Money As We Know It' With the invention of the block chain and the bitcoin protocol, Satoshi Nakamoto created a currency unlike any other we have seen in history. Its trustless, decentralized nature makes bitcoin a formidable challenger to traditional banking systems and fiat money. The team behind 'Bitcoin: The End Of Money As We Know It' hopes to show just how disruptive the digital currency is to the monetary systems to which we have all become so accustomed. Behind The Scen Continue reading >>

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