Entries by jesus

What is a dApp?

Internet users don’t have sole control over the data they share on today’s websites. Ethereum is unique in that it attempts to wield the blockchain as a way to correct what its designers believe is a problematic part of the internet’s design. It’s like a “decentralized appstore” where anyone can publish their unstoppable apps (dapps), […]

What is a smart contract?

A smart contract is a programmable contract that resides in software or on computer protocols. Smart contracts were first hypothesized in the ’90s by the famous cryptographer, Nick Szabo, but have only come to fruition through the development of blockchain technology. Smart contracts aim to provide security superior to traditional contract law and to reduce […]

What is a Blockchain?

People use the term ‘blockchain technology’ to mean different things, and it can be confusing. Sometimes they are talking about The Bitcoin Blockchain, sometimes it’s other virtual currencies, sometimes it’s smart contracts. Most of the time though, they are talking about distributed ledgers, i.e. a list of transactions that is shared among a number of […]

What is data mining?

The truth is “mining” is a misnomer. When gold is mined, nothing is achieved beyond the discovery of new gold. When a cryptocurrency such as bitcoin is mined, however, a valuable service is provided to the network: decentralized transaction recordation and validation.