Cast List: Cryptoeconomics with Vlad Zamfir

Cryptoeconomics with Vlad Zamfir

Software Engineering Daily

Episode: Cryptoeconomics with Vlad Zamfir
Website: Software Engineering Daily
Feed URL: http://softwareengineeringdaily.com/feed/podcast
Duration: 00:59:07
Published: 2017-10-28 11:00

A cryptocurrency has a distributed ledger called a blockchain. The blockchain keeps track of every transaction that occurs across the cryptocurrency. This blockchain must stay up-to-date and verified–which requires someone in the network to do that validation. Bitcoin and Ethereum use the proof-of-work algorithm. Miners do computational work to validate the legitimacy of transactions across the network, and in return they are given cryptocurrency as a reward for that computational

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