Blockchains and block explorers make it easier to index information than the open web and social networks because they have an open state database in addition to open source code. Indexing the open web is difficult due to the sheer number of websites.
The consensus mechanism in blockchain is designed to ensure that all copies of the database are in sync with each other. The mechanism is like a voting system in which every block created is voted on by multiple nodes to determine the true state of the database.
The interviewer describes a strange encounter with a potential blockchain developer job candidate who appeared to be avoiding direct questions and repeating buzzwords instead.
A new blockchain app called Peach or Lemon allows teens to securely connect with each other and has garnered attention from major brands like McDonald's, Panda Express, and Pacsun for advertisement opportunities.
The blockchain has limited capacity in terms of scaling which causes friction when transitioning from Bitcoin to the second layer for small daily transactions. Zcash, another fork of Bitcoin allows for private transactions through different privacy routines.
Citidao aims to create a decentralized on-chain city that utilizes blockchain technology to speed up transactions, reduce bureaucracy, and make land use transparent. The next steps for Citidao include voting on what gets built on the land and who gets to use it when, all through smart contracts.
This podcast discusses the potential of using blockchain technology to solve the issue of ticket stub fraud in the concert industry, where fake tickets and scalpers continue to be a problem.
