Gavin Wood, from Ethereum to Polkadot
FREE-TRUST TECHNOLOGIST AND FOUNDER OF POLKADOT, KUSAMA, PARITY, WEB3 FOUNDATION AND ETHEREUM Wood was born in Lancaster, England, United Kingdom. (April 1980) He attended the Lancaster Royal Grammar School and graduated from the University of York with a Master of Engineering (MEng) in Computer Systems and Software Engineering in 2002 and completed his PhD entitled “Content-based visualisation to aid common navigation…
Who is Charles Hoskinson?
Charles Hoskinson is an American entrepreneur and cryptocurrency specialist, better known as an ex Ethereum (ETH) co-founder, founder of Cardano (ADA), CEO of IOHK (Input Output Hong Kong) and the director of The Bitcoin Education Project. Charles Hoskinson’s net worth is approximately $500-600 million, and he is considered to be one of the wealthiest people in the crypto community. Born…
Harold Thomas Finney (Hal Finney)
(May 4, 1956 – August 28, 2014) was a developer for PGP Corporation, and was the second developer hired after Phil Zimmermann. In his early career, he was credited as lead developer on several console games. He also was an early bitcoin contributor and received the first bitcoin transaction from bitcoin’s creator Satoshi Nakamoto. Finney was a cypherpunk and said: It seemed…
Vitalik Buterin
Vitaly Dmitriyevich “Vitalik” Buterin (Russian: Виталий Дмитриевич Бутерин; born 31 January 1994) is a Russian-Canadian programmer and writer who is best known as one of the co-founders of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011. In 2014, Buterin launched Ethereum with Gavin Wood. Personal life Buterin was born in Kolomna, Russia, to Dmitry Buterin, a computer scientist, and…
What is NFT(Non-fungible Tokens)and How does it work?
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly…
Polkadot, a Platform for Web3
What is Polkadot? Polkadot enables scalability by allowing specialized blockchains to communicate with each other in a secure, trust-free environment. Polkadot is built to connect and secure unique blockchains, whether they be public, permission-less networks, private consortium chains, or oracles and other Web3 technologies. It enables an internet where independent blockchains can exchange information under…
CAP (Consistency,Availability and Partition Tolerance)Theorem
Have you ever seen an advertisement for a landscaper, house painter, or some other tradesperson that starts with the headline, “Cheap, Fast, and Good: Pick Two”? The CAP theorem applies a similar type of logic to distributed systems—namely, that a distributed system can deliver only two of three desired characteristics: consistency, availability, and partition tolerance (the ‘C,’ ‘A’ and ‘P’…
What is Sharding?
The problem : As the number of transaction on a blockchain increases the transaction speed slows down. This situation creates scaling problem on blockchain. The main purpose of sharding is to increase the number and the speed of transactions on blockchain. Sharding as a solution offer for scaling problem: Vitalik Bulterin proposes Sharding to solve…
Ethereum v2.0 – Serenity
Ethereum 2.0 — also known as Serenity — is the long-awaited upgrade to the Ethereum blockchain. What Is Ethereum 2.0? In a nutshell, Ethereum 2.0 will result in the blockchain shifting from a proof-of-work consensus mechanism (also used by Bitcoin) to proof-of-stake. This is going to be a marked departure from a tried-and-tested protocol that’s…
Blockchain Trilemma
Let’s briefly explain these three elements to explain Blockchain Trilemma: Decentralization: In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network. Decentralized networks strive to reduce the level of trust that participants must place in one another, and deter their ability…
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