Blockchain application eli5

Subscriber Account active since. Matthew Tweed learnt his first valuable lesson about cryptocurrency six years ago, when he was just 14 years old. Tweed now runs his low-latency trading firm, Pine Financial, from his family home in Woking, a medium-sized commuter town, 25 minutes from London. Low-latency, or market-making, trading refers to the use of algorithmic trading to increase profitability.

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Content:

• Dogecoin soars 370% as Reddit group works to send the cryptocurrency 'to the moon'
• ELI5: NFT Scaling Solutions
• ELI5: Blockchain explained in simple terms
• The Blockchain: What It Is and Why It Matters
• ELI5: The Ins & Outs of Blockchain Technology
• Crypto Concepts And Jargons Demystified By A 'Curious Beginner'
• Cryptocurrency was the most popular conversation on Reddit in 2021
• Reddit’s Top Investing and Trading Communities
• screenrant.com

WATCH RELATED VIDEO: What is Bitcoin? Bitcoin Explained Simply for Dummies

Dogecoin soars 370% as Reddit group works to send the cryptocurrency 'to the moon'

In our newly renamed Reddit Recap , we take a deep dive into the moments and communities that inspired redditors to be catalysts for change both online and in the real world. This past year, Reddit became the place where people felt empowered and inspired to share their opinions, experiences, and stories and connect with one another to take action and positively impact their communities.

As a company, our continued global expansion opened up Reddit to more and more people. We announced new offices in Canada , Australia , and Germany , reaching new redditors around the globe.

We aired our first-ever, 5-second Super Bowl ad or as we call it, Superb Owl. We shipped new features -- Reddit Talk , Predictions , and CryptoSnoos -- that gave redditors more ways to connect and engage with each other. That is why Community Reflections has returned. Off to hunt for a new opportunity, wish me luck : K upvotes. The man has balls of steel K upvotes.

Ask Me Anything. The last two eggs In , there were a lot of conversations on Reddit, but none more prominent than cryptocurrency. For more than 10 years, Reddit has been home to over cryptocurrency communities. As more redditors participate in conversation, whether it be for information, help, or to share major successes, Reddit continues to be the hub for cryptocurrency enthusiasts.

Reddit has always been a gathering place for gamers and gaming fans. With long-anticipated releases, sequel games, and fan favorites that finally got console support, this year redditors relished in and celebrated some of the biggest moments of As the world opened up, beloved live sports returned.

Engaged as of 2. Fitness journeys can be personal experiences, but on Reddit, people come together to share their progress and find comradery. In , redditors showed off their most over-the-top takes on charcuterie boards , complained about the never-ending task of washing the dishes , and laughed at some of the most absurd meal presentations. Even as restaurants reopened, redditors returned to cooking communities just as they did last year.

With a 4. I'm so embarrassed, and my mind is blown This past year, redditors rallied around movie and TV communities to share news about green lit sequels, reveal their theories on the future of movie and TV franchises, and obsess over streaming hits. For the Squid Game fans -- do you still look at traffic lights the same?

In fewer than two months, September 17—November 9, the community grew to K members. Most upvoted posts from movies and TV communities:. One day he told his schoolmates that his uncle was Superman. The other kids made fun of him and no one believed him. Then his mother made a call, and she asked her brother-in-law to take him to school one day.

And Henry Cavill, of course, was delighted to do so With our continued expansion—in the UK , Canada , Australia , and Germany —Reddit has grown to include people living in different countries, cities, and towns across the world.

Among all that happened across Reddit in , whether in the US, the UK, Canada, Australia, or Germany, finance-related communities were among the most viewed communities across every geography. Here, Vancouver residents discussed anything and everything.

Whether it was a quippy sign to those refusing to wear masks , a video warning others to be cognizant while walking alone , or a photo from a redditor sketching pedestrians while sitting at a local coffee shop , this community became a dedicated place for Vancouver-based Canadians to talk about things happening in their area.

In this community, redditors discussed intense, albeit important, topics including the recent protests and various lockdown restrictions. But, amidst all of the chaos and frustration that came with the implications of coronavirus, Aussie redditors still found a way to have a laugh even if it was unironic.

Whether Australians were in search of ways to track and manage stocks or make memes apologizing to one another, they did it together. Similar to redditors in other geographies, German redditors were sarcastic but accurate in their complaints about the housing market , that trying to save without money is quite challenging , and the reality and feasibility of work-life balance is debatable.

Here, German redditors also poked some fun at Americans , were able to laugh at themselves , and agreed upon the cultural staple that there are only two types of glasses in German households. Congratulations, you made it to the end of Reddit Recap ! From the stock market whirlwind, to the uplifting stories in which strangers came together, to global expansion, and moments that mattered, we saw redditors create moments that extended beyond their online communities into the real world.

French Reddit Recap , Community Reflections. German Reddit Recap , Community Reflections. Italian Reddit Recap , Community Reflections.

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ELI5: NFT Scaling Solutions

Reddit recently started its journey within the crypto field, giving a great push for mass adoption. The social media platform is slowly bringing crypto to its millions of users. The tokens used on the platform are based on the Ethereum blockchain, meaning users have full custody of their own assets. Reddit will have no custody to move tokens on behalf of any user.

ELI5: Blockchain explained in simple terms

You are your own bank. No need to count on a centralized entity to hold your money. You can send it to anyone cheaply, instantly anywhere as long as it is your keys, then it is your coins in your wallet. The whole point of many cryptocurrencies. No-one knows what Web 3. The people who are screeching and hyping it the most are from the Ethereum hype squad since they have their investments in it; despite that you cannot even do 1. On point 1 - it's more accurate to say that your bank is a distributed network. You and the people you transact with depend on the network, instead of depending on a bank. But the dependency is still there and you certainly aren't your own bank.

The Blockchain: What It Is and Why It Matters

It also operates a cryptocurrency exchange and provides institutional markets lending business and data, charts, and analytics. He launched a website which could be used to track bitcoin transactions. In early , Reeves and Brian Armstrong , the co-founder of crypto-currency exchange Coinbase , applied to Y Combinator 's summer class. From to , Blockchain's user base grew from , wallet users in early to 1.

ELI5: The Ins & Outs of Blockchain Technology

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Crypto Concepts And Jargons Demystified By A 'Curious Beginner'

Bitcoin is a digital currency with a fixed supply built on blockchain technology, and has a few nice features that people like so they give it value. Bitcoins are digital coins that only have value if people give it value; this means that if no one would trade you anything for a Bitcoin, then it would be worthless. So why do people give Bitcoin any value? In short,. Bitcoins are scarce there will only ever be 21 million of them. Scarcity means that no central authority, like the US government for US dollars, can create more coins to inflate away your current Bitcoin value.

Cryptocurrency was the most popular conversation on Reddit in 2021

Skip to search form Skip to main content Skip to account menu You are currently offline. Some features of the site may not work correctly. DOI: Unlike traditional currencies, cryptocurrencies are not backed by any government agencies resulting in prices being strongly influenced by public opinion.

Reddit’s Top Investing and Trading Communities

More Videos Strategist: Fed needs to protect economy, not the stock market. Is it too soon to buy the market dip? One expert weighs in. Inflation fears and Ukraine tensions grip markets. Pandemic stock winners are in trouble.

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Nik Kalyani kalyani. Follow See on Twitter. Download PDF. The ELI5 journey continues as I try to make crypto easier for everyone to understand. Let's start by acknowledging that SmartContracts are quite dumb. They literally have nothing smart about them.

An unfortunate Reddit user has been taken in by the Bitcoin boom and lost his entire life savings. He goes on to detail how he and his wife amassed 1. He said it took the two of them ten years to amass the money, saving as much as possible and taking on odd jobs wherever possible.