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 only way to truly understand blockchain technology is to get involved and invest some money. The idea of a blockchain-first finance or banking company is intriguing, and as we continue to scale Ethereum and other big blockchains, the possibilities are endless.
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.
The blockchain consulting agency serves as a hybrid incubator and consulting company that specializes in teaching clients how to use blockchain technology, building blockchain projects tailored to their needs, and scouting promising startups to invest in.
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.
