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What is a satoshi?
Satoshi as unit of bitcoin 1 satoshi or sat = .00000001 BTC (1*10^-8) So, 0.02 BTC = 2 million satoshi 0.00210028 BTC = 210,028 satoshi 1 BTC = 100 million satoshi The concept of individual bitcoins does not exist in the Bitcoin program The satoshi (not named in the program actually) is the unit that…
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Hexadecimal Notation
I have been going through the Bitcoin For Developers course on the Saylor Academy website. I took one computer science class many, many years ago. I needed a primer on hexadecimal notation. Each hex digit represents 4 bits (binary digits) also known as a nibble Example: an 8 bit byte can have values ranging from…
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A Tweet For The Ages From The President of El Salvador
I wanted to record this so I could refer back anytime I want easily for a good laugh and some inspiration. Full disclosure: I had to look up what DGAF meant. DGAF definitions: dictionary.com, urban dictionary. Here’s the link to the tweet. I strongly recommend following him on Twitter. Reckless renegade, visionary? Time will tell.
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Solana (First Pass)
https://www.coinbase.com/learn/crypto-basics/what-is-solana#:~:text=Solana%20is%20a%20crypto%20computing,transaction%20fees%20and%20for%20staking. Ethereum competitor like Ethereum it is both a cryptocurrency and a flexible platform for running crypto apps It’s major innovation is Proof-of-History which makes it faster and cheaper to use than Ethereum Solana can process around 50k transactions per second compared to 15 or less for Ethereum (Visa can do tens of thousands per…
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Polygon (First Pass)
https://www.coinbase.com/learn/crypto-basics/what-is-polygon L2 or “sidechain” that runs alongside the Ethereum blockchain It is a scaling solution resulting in faster transactions and lower fees (gas). MATIC is the networks native cryptocurrency https://coinmarketcap.com/currencies/polygon/ “It acts as a speedy parallel blockchain running alongside the main Ethereum blockchain” You can “bridge” some of your crypto over to Polygon, and then…
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Wrapped Ethereum (WETH) First Pass
WETH is a version of the ethereum token that is compatible with ERC-20 standards Ether is not You need a 3rd party to trade ether for ERC-20 tokens WETH allows the use of dApps with ERC-20 standards future topic: ERC-20
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Vitalik Almost Worked At Ripple
Vitalik Buterin was going to work at Ripple, but he wasn’t able to due to an immigration issue. Ripple was only 6 months old, if it was a year old there wouldn’t have been a problem.-from the Up Only interview https://www.youtube.com/watch?v=2J9ex32-pCI
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