Blockchain Ecosystem View
Note: *This is a continuously growing document. It will be updated as I continue to learn and the ecosystem expands. If you have any questions or corrections, feel free to @ me on twitter or dm me @realsyedshah. * Last Updated: Oct 27, 2022Table of ContentsWhy this is Important to UnderstandConsensus AlgorithmsBrewer’s Theorem aka CAP theoremByzantine Generals ProblemProof of Work vs Proof of StakeLayer 1sBitcoinThe Problem with BitcoinBitcoin CashThe Problem with Bitcoin CashBitcoin SVThe Pr...
Blockchain Ecosystem View
Note: *This is a continuously growing document. It will be updated as I continue to learn and the ecosystem expands. If you have any questions or corrections, feel free to @ me on twitter or dm me @realsyedshah. * Last Updated: Oct 27, 2022Table of ContentsWhy this is Important to UnderstandConsensus AlgorithmsBrewer’s Theorem aka CAP theoremByzantine Generals ProblemProof of Work vs Proof of StakeLayer 1sBitcoinThe Problem with BitcoinBitcoin CashThe Problem with Bitcoin CashBitcoin SVThe Pr...
A New Fundamental
If the agricultural revolution was about exploring human's ability to coordinate, the blockchain revolution is about unlocking this ability to its fullest. It’s the first fundamental change in humanity since the invention of agriculture. With the invention of agriculture, the size of groups humans lived in grew dramatically. We were no longer hunter gatherers, with easier access to more nutrition. We could stay in one place and build larger communities. This required greater coordination...
A New Fundamental
If the agricultural revolution was about exploring human's ability to coordinate, the blockchain revolution is about unlocking this ability to its fullest. It’s the first fundamental change in humanity since the invention of agriculture. With the invention of agriculture, the size of groups humans lived in grew dramatically. We were no longer hunter gatherers, with easier access to more nutrition. We could stay in one place and build larger communities. This required greater coordination...
Wallets Explained
The KeysYour public keyAlso known as your address. This is the address you enter when you want to send something to your wallet. It’s easy to find and is what you send to someone when you want them to send you something.Your private keyThis key is generated with your public key. This is the most important key because it’s what’s used to send things from your wallet to another wallet. No one can take anything from your wallet without this key. If they have this key however, nothing can stop th...
Wallets Explained
The KeysYour public keyAlso known as your address. This is the address you enter when you want to send something to your wallet. It’s easy to find and is what you send to someone when you want them to send you something.Your private keyThis key is generated with your public key. This is the most important key because it’s what’s used to send things from your wallet to another wallet. No one can take anything from your wallet without this key. If they have this key however, nothing can stop th...
