Ethereum contract eli5
Representations of the virtual currency stand on a motherboard in this picture illustration taken May 20, Here is what we know so far about the heist. A lesser-known name in the world of crypto, Poly Network is a decentralized finance DeFi platform that facilitates peer-to-peer transactions with a focus on allowing users to transfer or swap tokens across different blockchains. For example, a customer could use Poly Network to transfer tokens such as bitcoin from the Ethereum blockchain to the Binance Smart Chain. Poly Network was founded by Chinese entrepreneur Da Hongfei, who is currently chief executive of Neo, a blockchain platform. According to Neo's website, Poly Network was launched in August last year as a collaboration between Neo, crypto trading platform Switcheo and blockchain company Ontology.
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- ETH: Mini Alt Season Imminent? ELI5: "ETH 2.0" - FA & TA
- Ethereum: What is it and how is it different from bitcoin?
- NFTs, explained
- What Is Chainlink in 5 Minutes
- Tokenized Bitcoin on Ethereum Explained
- Clever Ethereum honeypot lets coins come in but won’t let them back out
- Polkadot FAQ
- How I Turned ‘Free’ Reddit Moons Into $2,000 of Cryptocurrency
- Polygon and Reddit co-founder introduced a $200 million Web 3.0 social media venture
ETH: Mini Alt Season Imminent? ELI5: "ETH 2.0" - FA & TA
Matthew Tweed is worlds apart from Wall Street traders. The year-old finished high school just two years ago, never went to college and works out of his bedroom at the family home in Surrey, England. Yet thanks to the fragmented new world of crypto, Tweed is making markets in Bitcoin derivatives with his one-man operation, which is connected to two of the largest exchanges -- alongside the hedge fund pros.
His ambitions would be nigh impossible in highly regulated and liquid markets like stocks where the deep-pocketed pros with their high-frequency tech ramp up the barriers for entry for the little guys. Tweed, who incorporated his one-man band as Pine Financial, seeks to make money from the spread between the bid and ask quotes for Bitcoin perpetual futures -- a uniquely crypto derivative for speculative wagers -- whenever it looks profitable.
Thanks to a reliable slew of trading opportunities that help returns grow over time, Tweed says per cent annualized gains can be reasonably expected, declining to disclose precise figures. Chicago trading firms like Jump Trading and Tower Research dove in a few years ago, and transplants from the likes of Goldman Sachs, Susquehanna International Group and Jane Street are increasingly a common presence.
But crypto trading remains slow and decentralized -- Coinmarketcap. Rather than relying on advanced math or engineering wizardry involving fiber-optic cables or towers next to data centers, trading the crypto micro-structure is a different beast from stocks.
With the high volumes across a multitude of coins, derivatives and exchanges, market making has been a profitable crypto strategy in the bull market. Other than the bid-ask spread, some exchanges also pay high rebates to liquidity providers, while some token issuers pay dealers to trade their assets.
The industry has also drawn more sophisticated market makers such as Wintermute, whose co-founders hail from Dutch algo trading firm Optiver. Sipping his can of soda in a crimson hoodie, Tweed says now is just the time for early converts to go all-in, given the abundant opportunities. Bears think tech earnings aren't sustainable but fundamentals are strong: Wedbush Securities' Ives. Are you looking for a stock? Try one of these. News Video. News Video Berman's Call. Technology News Video Article.
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Ethereum: What is it and how is it different from bitcoin?
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. Tweed's bots execute trades on crypto exchanges like Deribit. Tweed has spent a significant amount of that time on Reddit. He said his first break in market-making trading came from an interaction with another user on the social networking site.
NFTs, explained
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. And by the time we all thought we sort of knew what the deal was, the founder of Twitter put an autographed tweet up for sale as an NFT. Right, sorry. A one-of-a-kind trading card, however, is non-fungible. At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. It is worth noting that other blockchains can implement their own versions of NFTs.
What Is Chainlink in 5 Minutes
Having sounded the alarm bells, a group of benevolent white-hat hackers from the Ethereum community rapidly organized. They analyzed the attack and realized that there was no way to reverse the thefts, yet many more wallets were vulnerable. Time was of the essence, so they saw only one available option: hack the remaining wallets before the attacker did. To prevent the hacker from robbing any more banks, the white-hats wrote software to rob all of the remaining banks in the world.
Tokenized Bitcoin on Ethereum Explained
For a great technical summary of the protocol go here. The short version is Truebit is an incentivized scalability solution for distributed trustless networks. The protocol is enforced by playing an interactive "game". We are currently implementing Truebit to be used by the Ethereum blockchain, in order for Ethereum users to be able to overcome the gas limit while still being secure. If you want a more in depth look at the life cycle of a task take a look at the incentive layer. For now we will give a summary of the different states of the task.
Clever Ethereum honeypot lets coins come in but won’t let them back out
We're a place where coders share, stay up-to-date and grow their careers. OK so I have read a few things about blockchain and dApps, I have listened to a few Twitter spaces and tried to educate myself on this. But I am still not seeing the actual big picture, rather than a hype train and I want to understand it finally! Why is it beneficial to have a distributed network where you don't control when the core "operating system" software updates and may be running different versions on different nodes. How do you roll back a major mistake that exposes user data for example fast enough to avoid problems? And on the same track, if a node gets compromised in some way, who is responsible for the breach my understanding is limited so this might be unlikely, I don't know! How is it better when it will inevitably result in more jumps and hops to data nodes, which won't be as efficient as large data centres and therefore use more energy. All of these questions assume that "Gas prices" drop to next to nothing and it becomes commercially viable of course, which at the moment it certainly isn't.
Polkadot FAQ
To those familiar with first generation cryptocurrencies such as Bitcoin, Ethereum can seem overly complex. There are several new concepts to learn including gas, Turing-complete smart contracts, gas limit, gas price, among others. BTC transaction fees are paid in the same currency as the main currency itself.
How I Turned ‘Free’ Reddit Moons Into $2,000 of Cryptocurrency
But many crypto investors dismiss dogecoin as little more than a joke and have compared its rise to the Reddit-fueled trading frenzy that pumped up the prices of GameStop and other stocks. Ether is the native currency of Ethereum, an open-source blockchain platform. Ethereum was founded in by Russian-Canadian programmer Vitalik Buterin and several other crypto entrepreneurs. Many of the people who started Ethereum were previously involved in bitcoin.
Polygon and Reddit co-founder introduced a $200 million Web 3.0 social media venture
But the crypto community quickly got creative and made a way for anyone to buy and sell them in a decentralized fashion. In July , Reddit first introduced the Moon tokens to the cryptocurrency subreddit. They were designed to reward those who contributed to the community and an experiment with decentralized technology. Those with Moons can vote on what they are distributed for upvoting, commenting etc and they are handed out every month on a fixed schedule. They do have some utility value on Reddit and can be exchanged for coins, that let you buy badges, or used to pay for a 'special membership' that lets you do things like adding GIFs in comments. When Moons first appeared, Decrypt reported on how to turn Moons into crypto.
Because they live on a blockchain, usually Ethereum, NFTs are easy to track. This tracking allows for verification of their authenticity as well as their past history and owners. Formally, NFTs are smart contracts, usually ERC, that people interact with by calling them and then receiving proof of interaction.
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