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…In other words, a decentralised system is a subset of the distributed system. For a deeper dive, this article by Vitalik Buterin may help in understanding decentralisation. Blockchain Alternatives Since the invention of Bitcoin, many have generalised its technology and called it ‘blockchain’. However, the original Bitcoin design is not the only design that works. Distributed Ledger Technology ‘Distributed Ledger Technology’ (DLT), like Directed Acyclic Graphs (DAGs) or Block Lattice, is …
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…In other words, a decentralised system is a subset of the distributed system. For a deeper dive, this article by Vitalik Buterin may help in understanding decentralisation. Blockchain Alternatives Since the invention of Bitcoin, many have generalised its technology and called it ‘blockchain’. However, the original Bitcoin design is not the only design that works. Distributed Ledger Technology ‘Distributed Ledger Technology’ (DLT), like Directed Acyclic Graphs (DAGs) or Block Lattice, is …
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…In other words, a decentralised system is a subset of the distributed system. For a deeper dive, this article by Vitalik Buterin may help in understanding decentralisation. Blockchain Alternatives Since the invention of Bitcoin, many have generalised its technology and called it ‘blockchain’. However, the original Bitcoin design is not the only design that works. Distributed Ledger Technology ‘Distributed Ledger Technology’ (DLT), like Directed Acyclic Graphs (DAGs) or Block Lattice, is …
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…In other words, a decentralised system is a subset of the distributed system. For a deeper dive, this article by Vitalik Buterin may help in understanding decentralisation. Blockchain Alternatives Since the invention of Bitcoin, many have generalised its technology and called it ‘blockchain’. However, the original Bitcoin design is not the only design that works. Distributed Ledger Technology ‘Distributed Ledger Technology’ (DLT), like Directed Acyclic Graphs (DAGs) or Block Lattice, is …
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…In other words, a decentralised system is a subset of the distributed system. For a deeper dive, this article by Vitalik Buterin may help in understanding decentralisation. Blockchain Alternatives Since the invention of Bitcoin, many have generalised its technology and called it ‘blockchain’. However, the original Bitcoin design is not the only design that works. Distributed Ledger Technology ‘Distributed Ledger Technology’ (DLT), like Directed Acyclic Graphs (DAGs) or Block Lattice, is …
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…Conceived by Vitalik Buterin and launched by Ethereum Foundation in 2015, it is a canonical chain that allows developers to build and deploy smart contracts. Essentially, Ethereum Classic is the pre-forked version of Ethereum: a continuation of the original Ethereum built in 2015. The network we know today, referred to simply as Ethereum, is the post-fork version of the Ethereum (Classic) mainnet chain. Ethereum Classic’s origins trace back to a multimillion-dollar exploit of The DAO, a de…
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…However, this method of governance only received mainstream attention after Ethereum co-founder Vitalik Buterin refined its theory. By definition, a DAO is an entity designed to be fully autonomous and operable without a central point of control. Instead, it is composed of a committee that agrees to comply with certain rules for a common purpose. These committee members collectively own and manage the DAO through its native token and help the DAO work towards a unified goal. A DAO is commonl…
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…However, this method of governance only received mainstream attention after Ethereum co-founder Vitalik Buterin refined its theory. By definition, a DAO is an entity designed to be fully autonomous and operable without a central point of control. Instead, it is composed of a committee that agrees to comply with certain rules for a common purpose. These committee members collectively own and manage the DAO through its native token and help the DAO work towards a unified goal. A DAO is commonl…
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…Adams was introduced to his future project, an automated market maker (AMM), in 2017, after his friend and Ethereum Foundation employee Karl Floersch sent him a Reddit post that Ethereum creator Vitalik Buterin wrote in 2016. Adams would spend the next year attending crypto conferences and coding Uniswap while unemployed. In July 2018, he was granted US$50,000 in funding from the Ethereum Foundation, which led to the first version of Uniswap being published on the Ethereum mainnet in November 20…
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…Learn how it works and compares with Bitcoin, plus what the latest upgrades entail.Key Takeaways Built on blockchain technology, Ethereum provides a decentralised computing network for the creation of smart contracts and decentralised applications (dapps). It hosts thousands of dapps, tokens, exchanges, and tools, making it a household name in crypto communities. Bitcoin and Ethereum share some similarities, but differ in their purpose and functionality. Unlike in the Bitcoin network, smart con…
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