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Viewing articles tagged 'blockchaindigitalassets'

Alternative Networks Other significant platforms.WHAT THEY GENERALLY OPTIMISE FORThroughput and low fees.HOW THEY... Assessing an Exchange Choosing where to trade.WHAT TO EXAMINERegulatory registration, in a jurisdiction that matters... Assessing Blockchain Opportunities for a Business Commercial judgement.WHAT TO ESTABLISH FIRSTWhat problem is being solved.WHAT TO ASK... Auditing and Verifying Contracts Establishing confidence before deployment.WHAT AN AUDIT INVOLVESIndependent review of the code... Bitcoin and Its Design The original network.WHAT IT WAS DESIGNED FORElectronic payment between parties without a... Blockchain and Digital Assets: Everything That Matters, Briefly The whole category in one page.ASK WHETHER THE ABSENCE OF A TRUSTED PARTY IS ACTUALLY REQUIREDIf... Blockchain Fundamentals: Everything That Matters, Briefly The summary.THE TECHNOLOGY PROVIDES A RECORD NO SINGLE PARTY CONTROLSVerifiable history, and... Blockchain in Supply Chains and Records Applied use cases.WHAT IS CLAIMEDProvenance that cannot be falsified.WHAT THE TECHNOLOGY ACTUALLY... Building and Applying: Everything That Matters, Briefly The summary.PUT THE MINIMUM ON THE LEDGER — A FINGERPRINT, WITH DATA HELD... Building Tools and Services for the Sector Legitimate commercial opportunities.WHAT THE GENUINE DEMAND IS FORWallet and key management... Choosing a Wallet Selecting how to hold assets.WHAT TO DECIDE FIRSTWhether you want custody, or want a service to... Common Misconceptions Widely held beliefs that are wrong.THAT BLOCKCHAIN MAKES DATA TRUEIt makes records... Comparing Networks Objectively Evaluating without marketing.WHAT TO MEASURE RATHER THAN ACCEPTActual throughput, observed Fees,... Compliance for Digital Asset Businesses Operating lawfully.WHAT IS TYPICALLY REQUIREDRegistration or licensing Customer identification... Consensus and Networks: Everything That Matters, Briefly The summary.SECURITY RESTS ON ATTACK COSTING MORE THAN THE GAINWhich is why small networks are... Converting To and From Local Currency Practical access.WHAT THE ROUTES AREExchanges supporting local currency Peer-to-peer trading... Cross-Border Transfers Moving value internationally.WHY IT IS USEDTraditional international transfer is slow and... Cryptocurrencies and Tokens: Everything That Matters, Briefly The summary.VALUE HERE RESTS ON EXPECTATION, NOT ON CLAIMS TO EARNINGSWhich makes valuation... Custody and Institutional Infrastructure Holding assets at scale.WHAT INSTITUTIONS REQUIRESegregation of assets Insurance Audited controls... Custody Options Who holds the keys.WHAT SELF-CUSTODY MEANSYou hold the keys, and bear full responsibility.WHAT IT... Decentralised Applications Software without an operator.WHAT ONE ISAn application whose logic runs on a network rather than... Decentralised Finance Financial services without institutions.WHAT IT PROVIDESLending and borrowing Exchange between... Decentralised Governance Collective decision-making.WHAT A DECENTRALISED AUTONOMOUS ORGANISATION ISA group coordinating... Designing Systems That Use a Ledger Architecture decisions.WHAT TO PUT ON THE LEDGERThe minimum that must be shared, verifiable and... Developing on Blockchain Platforms Getting started technically.WHAT TO LEARN FIRSTHow the network you target actually works Its... Digital Assets and Currency Exposure Holding value in other terms.WHY PEOPLE CONSIDER ITLocal currency movement affects savings and... Digital Assets for Businesses Here Commercial considerations locally.WHAT BUSINESSES CONSIDER THEM FORReceiving international... Environmental and Social Considerations Wider effects.WHAT THE ENERGY DEBATE CONCERNSWork-based consensus consuming substantial... Ethereum and Programmable Ecosystems The largest programmable network.WHAT DISTINGUISHES ITGeneral-purpose computation, and the... Evaluating Blockchain Proposals Assessing whether it is warranted.WHAT TO ASK FIRSTWho are the participants? Do they trust each... Evaluating Information in This Sector Judging what you read.WHAT TO ASK OF ANY SOURCEWho wrote it What they hold What they are selling... Explaining Digital Assets to Others Communicating without hype or dismissal.WHAT TO ESTABLISH ABOUT THE PERSONWhat they have heard,... Following Developments Without Hype Staying informed sensibly.WHAT MAKES THIS SECTOR DIFFICULT TO FOLLOWSubstantial financial... Fraud and Risk: Everything That Matters, Briefly The summary.GUARANTEED RETURNS DO NOT EXISTAny guarantee indicates fraud, without exception. Ask... Fraudulent Projects and Exit Scams Projects designed to fail.WHAT AN EXIT SCAM ISA project raising funds and disappearing.WHAT A... Getting Started Safely First steps, without losing money.WHAT TO DO BEFORE ANYTHING ELSELearn, before committing... Hosting and Infrastructure for This Sector Serving digital asset businesses.WHAT SUCH CUSTOMERS TYPICALLY NEEDNodes, requiring substantial... How Digital Assets Are Regulated The regulatory landscape.WHY IT IS FRAGMENTEDAssets cross borders while regulation does not, and... How Exchanges Work Where assets are traded.WHAT A CENTRALISED EXCHANGE ISA company matching buyers and sellers,... How Transactions Work From signing to settlement.WHAT A TRANSACTION CONTAINSThe sender The recipient The amount or... If You Have Been Defrauded What to do afterwards.WHAT TO DO FIRSTStop sending money, immediately, whatever is... Integrating Digital Asset Payments Accepting these assets commercially.WHAT ACCEPTING THEM REQUIRESA wallet or provider A means of... Interoperability Between Networks Moving between chains.WHY IT MATTERSAssets and applications exist on many networks, which do not... Investment and Trading Scams Fraud through claimed expertise.WHAT FAKE TRADING PLATFORMS DOShow growing balances that do not... Keys and Custody: Everything That Matters, Briefly The summary.THERE IS NO ACCOUNT, NO OWNER RECORD AND NO AUTHORITY WHO CAN RESTORE... Making Transactions Confidently Practical transfer.WHAT TO ESTABLISH BEFORE SENDINGThe recipient's address, obtained reliably The... Markets and Exchanges: Everything That Matters, Briefly The summary.ASSETS HELD ON AN EXCHANGE ARE A CLAIM ON THE EXCHANGEExchanges have failed, been... Mining in Practice The economics of block production.WHAT MINING REQUIRESSpecialised hardware Electricity,... Network Forks When the chain splits.WHAT A FORK ISA divergence in the chain.WHAT A TEMPORARY FORK ISTwo valid... Networks Compared: Everything That Matters, Briefly The summary.ELECTRICITY COST DOMINATES MINING ECONOMICSWhich makes mining major networks unviable... Nodes and Network Structure Who runs the network.WHAT A NODE ISA computer running the network's software, validating and... Non-Fungible Tokens Individually distinct assets.WHAT THEY ARETokens where each unit is unique and individually... Payment Channels and Layer Two Faster, cheaper settlement.WHAT A PAYMENT CHANNEL ISTwo parties locking funds, then transacting... Ponzi and High-Yield Investment Schemes Paying earlier participants with later deposits.WHAT A PONZI SCHEME ISAn arrangement paying... Practical Use and Local Context: Everything That Matters, Briefly The summary.PRACTISE RECOVERY FROM THE PHRASE BEFORE HOLDING ANYTHING SIGNIFICANTIt verifies the... Privacy and Traceability What the ledger reveals.WHAT PUBLIC LEDGERS EXPOSEEvery transaction, permanently Balances of... Privacy-Focused Networks Confidential transactions.WHAT THEY PROVIDEConcealment of participants, amounts, or both.WHAT... Private Keys and Ownership What ownership actually means.WHAT OWNERSHIP ISPossession of the private key that can authorise... Programmable Networks Blockchains running code.WHAT THEY ADDEDThe ability to deploy programs that execute according to... Proof of Stake Security through committed value.HOW IT WORKSParticipants lock holdings as collateral, and are... Proof of Work Security through computation.HOW IT WORKSParticipants compete to find a value producing a hash... Protecting Yourself Practical precautions.WHAT TO ESTABLISH BEFORE ANYTHING ELSEThat you can afford to lose whatever... Public, Private and Permissioned Networks Who may participate.WHAT A PUBLIC NETWORK ISOpen to anyone to join, read, transact and... Reading a Block Explorer Examining the ledger directly.WHAT AN EXPLORER PROVIDESA readable view of blocks, transactions,... Receiving Payment From International Clients Digital assets in business.WHY IT IS CONSIDEREDSome clients prefer it, and traditional routes can... Recognising Manipulation How prices are moved deliberately.WHAT COORDINATED SCHEMES DOAccumulate an asset quietly, promote... Recovering From Compromise When keys are exposed.WHAT TO DO IMMEDIATELYMove remaining assets to a new wallet, created on a... Regulation and Compliance: Everything That Matters, Briefly The summary.CLASSIFICATION DEPENDS ON CHARACTERISTICS AND HOW SOMETHING IS OFFERED, NOT WHAT IT... Rollups and Scaling Networks Where activity is moving.WHAT A ROLLUP DOESExecutes transactions away from the main network,... Running a Node Participating in verification.WHAT RUNNING ONE PROVIDESIndependent verification, trusting nobody... Scaling Approaches Handling more transactions.WHAT THE CONSTRAINT ISEvery node validating everything limits... Securing Keys and Recovery Phrases Protecting what cannot be recovered.WHAT TO DO WITH A RECOVERY PHRASEWrite it on paper or stamp... Security Practices for Organisations Protecting institutional holdings.WHAT TO ESTABLISH FIRSTWho may authorise a transfer What limits... Sending and Receiving Safely Avoiding irreversible mistakes.WHAT TO VERIFY BEFORE SENDINGThe address, completely The network... Smart Contract Vulnerabilities Known failure classes.WHAT REENTRANCY ISA contract calling out to another, which calls back... Smart Contracts and Applications: Everything That Matters, Briefly The summary.AN UPGRADEABLE CONTRACT IS CONTROLLED BY WHOEVER HOLDS THE UPGRADE AUTHORITYWhich... Stablecoins Assets pegged to a stable value.WHAT THEY AREDigital assets intended to hold a constant value,... Tax and Accounting Considerations Recording and reporting.WHAT EVENTS MAY BE TAXABLESelling for ordinary currency Exchanging one... The Bitcoin Transaction Model How value is tracked.WHAT AN UNSPENT OUTPUT ISA discrete amount received, spendable as a... The Cryptography Behind Blockchains The mathematics underneath.WHAT A HASH FUNCTION DOESProduces a fixed-size fingerprint of any... The Nigerian Regulatory Position Local rules, and their history.WHAT HAS CHANGED OVER TIMEThe position has been revised more than... The Trilemma and Its Trade-Offs Why every network compromises.WHAT THE THREE PROPERTIES AREDecentralisation Security... Token Distribution and Launches How assets are issued.WHAT DISTRIBUTION METHODS EXISTSale to the public Sale to private investors... Tokenising Real-World Assets Representing physical things.WHAT IT MEANSIssuing a token representing ownership or a claim on... Tokens and Token Standards Assets issued on a network.WHAT A TOKEN ISAn asset defined by a program on a network, rather than... Transaction Fees and Network Costs What using a network costs.WHY FEES EXISTBlock space is limited, and fees allocate it and... Types of Wallet Where keys are held.WHAT A WALLET ISSoftware or hardware managing keys and constructing... Uncertainty About the Future Holding views appropriately.WHAT IS GENUINELY UNCERTAINWhich networks persist Whether... Understanding Consensus Mechanisms Agreeing without a central authority.WHAT THE PROBLEM ISDistributed participants, some possibly... Understanding Cryptocurrencies What these assets are.WHAT A CRYPTOCURRENCY ISA digital asset whose issuance and transfer are... Understanding Market Behaviour How these markets move.WHAT MAKES THEM DISTINCTIVETrading continuously, without pause Limited... Understanding Market Cycles Why the sector moves in waves.WHAT HAS BEEN OBSERVED REPEATEDLYPeriods of rapid price increase,... Understanding Smart Contracts Code as agreement.WHAT ONE ISA program deployed to a network, executing when called, according to... Wallet and Phishing Attacks Stealing access directly.WHAT PHISHING TARGETSRecovery phrases Wallet connections Exchange... Wallet Security Practices Reducing exposure.WHAT TO SEPARATEHoldings held long term, in cold storage Small amounts for... What a Blockchain Actually Is The technology, plainly.WHAT IT ISA record of transactions, replicated across many computers,... What Blockchains Are Not Good For Honest limitations.WHAT THEY DO POORLYStoring large data High-throughput processing Anything... Why This Sector Attracts Fraud The conditions that enable it.WHAT MAKES IT ATTRACTIVE TO FRAUDSTERSTransactions are irreversible... Working in the Blockchain Sector Careers and practice.WHAT ROLES EXISTContract development Protocol and infrastructure engineering... Writing Smart Contracts Development practice.WHAT LANGUAGES ARE USEDPurpose-built languages for the major networks,...
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