F2F Class Notes (Tibo) (S)

Binance academy (www.academy.binance.com)

look into bitcoin

ethereum and smart contracts
what is proof of work / what is proof of stake

the foundation worked to design smart city models and they founded this company.
They provide tech. smart city solutions to governments based on the blockchain tech.

They not only work in developing the technology but issue currency in order to get profit.

Vocabulary

smart contract (n): ability for a blockchain to execute complex commands
Ethereum created smart contracts

interoperable (adj) : able to operate between protocols
Polkadot is an interoperable project

block reward (n)reward for successfully mining a block
The halving cuts the block reward in half

proof of work: mechanism like in BTC
BTC follows a proof of work mechanism

hash rate  (n) : mining power
The hash rate of BTC is concentrated in China

51% attack  : trying to edit the blockchain by getting more than half of the computer power
They launched a 51% attack to change the transaction

proof of stake :mechanism like in eth 2.0 / cardano / etc.
smaller blockchain tend to adopt proof of stake mechanisms

cash grab(n) : something done to get cash quickly
This product was just a cash grab.

tokenomics : economy around the token / currency
They explained their tokenomics in the white paper

to list :become available
The token was listed on Binance.

ICO: Initial Coin Offering
A lot of ICOs were popular in 2017 / 2018

bull market 

bear market 

bull run (n) : when a bull market is booming
Cryptocurrencies had a bull run in 2017