Crypto Simplified

Farming is huge in Cambodia. a\ 20% of the population are farmers b\ 22% of GDP (Gross Domestic Product) comes from agriculture

1\ What's his education? MBA from Stanford and Bachelor of Arts (Political Science) from the University of California, Berkeley

1\ What is the Metaverse? A parallel digital universe. There is lots of debate about what this 'looks like' with no strict definition. A core concept is the idea of 'telepresence' - an immersive state that allows a person to feel present in a virtual space.

1\ A new and innovative form of charity fundraising is using NFT platforms to release NFT's where proceeds can go towards a charitable cause (eg. cancer treatment, malaria treatment or education)

1\ She has an MBA from Harvard Business School (HBS), widely considered to be the most difficult business school in the world to gain admission into

1\ Blockchain technology is entering the early phase of majority adoption, especially by the finance industry.

1\ He first coined and formalised "proof of work" in a 1999 paper: "Proofs of Work and Bread Pudding Protocols". This was used as the consensus mechanism for the Bitcoin blockchain.

2\ A lot of government climate policy relies upon financial incentives. At a basic level: if you do X thing that is good for the environment, we will reward you with Y. Chainlink increases the power of these incentives by making outcomes cryptographically guaranteed and rapid

1) What is the current problem? a) Low trust in insurance firms. 43% of US customers lack confidence that insurers will treat them fairly when they have a claim (EY 2021) b) Lack of access to insurance in third-world countries (expensive, lack of options, weak legal structures)

2) Chainlink has 2 types of partners, and "links" them together: a) Data providers (eg. owners of large datasets such as Google Cloud and Associated Press). They sell their data b) Data users (eg. smart-contract creators such as Etherisc and Augur). They pay to use data $LINK

1) Decentralized price feeds. Can be used in DeFi applications (lending, trading, exchanges) to access financial market data. Eg. Aave (lending protocol) uses off-chain pricing data to calculate lending rates which are used to offer loans via smart-contracts $LINK

1) Enabling hybrid smart contracts. These allow for smart contracts with on-chain and off-chain components. These contracts need to be able to tap into off-chain data (eg. weather, financial, sporting data) and off-chain compute (eg. generating randomness) $LINK

1) Dynamic NFT's (non-fungible tokens) can use Chainlink oracles to change the rarity/utility of the token based on real-world events that can be verified using data sources. Eg) LaMelo Ball as NBA Rookie of the Year upgrades his NFT, which can then be used in NFT-based games.

Part 2 PoW uses high amounts of miner computing power to solve cryptographic hash functions to validate transactions and reach consensus. PoS uses low amounts of computing power by enabling less sophisticated computers to act as validator nodes and use staking for consensus.

Why is bitcoin currency? (Part 2: Divisibility) BTC is divisible up to 8 decimal points, with the smallest unit of 0.00000001 BTC called a Satoshi. Even if the entire world were to exclusively use BTC as currency, there would be quadrillions of units of Satoshi’s in circulation.