Mypanara19
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January 18, 2019, 12:31:36 PM Last edit: January 23, 2019, 12:10:19 AM by Mypanara19 |
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Boomboks
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January 18, 2019, 01:31:16 PM |
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Whyknow78
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January 18, 2019, 01:58:39 PM |
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Hey everyone! Welcome to Grabity once again!
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Choco_boy
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January 18, 2019, 02:01:09 PM |
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Hi Im happy to be here & learn more about Grabity
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Croosss123
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January 18, 2019, 02:02:40 PM |
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Cool, we can still talk about ethereum so we can all understand what are we talking about
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Christ_bit
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January 18, 2019, 02:09:25 PM |
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Yes!! I agreed! Lets get this start it people! We have to teach the newbies & show them how we do it on GRABITY
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Whyknow78
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January 18, 2019, 02:12:52 PM |
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What about if we continue with how does ethereum works?
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Choco_boy
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January 18, 2019, 02:13:42 PM |
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Now that we all know what is ethereum and the technology of the world is time to take a deeper look into how the platform works
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Croosss123
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January 18, 2019, 02:15:34 PM |
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Lets consider the app we were talking about on our previous topic
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Christ_bit
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January 18, 2019, 02:17:52 PM |
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Using ethereum, the app doesn’t require one entity to store and control its data.
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Whyknow78
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January 18, 2019, 02:18:21 PM |
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It pretty much goes like this:
To accomplish this, ethereum borrows heavily from bitcoin’s protocol and its blockchain design, but tweaks it to support applications beyond money.
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Croosss123
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January 18, 2019, 02:22:47 PM |
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Ethereum aims to abstract away bitcoin’s design, however, so that developers can create applications or agreements that have additional steps, new rules of ownership, alternative transaction formats or different ways to transfer state. Interesting way of look things
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Choco_boy
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January 18, 2019, 02:24:39 PM |
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Its like the goal of ethereum’s ‘Turing-complete’ programming language is to allow developers to write more programs in which blockchain transactions could govern and automate specific outcomes.
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Christ_bit
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January 18, 2019, 02:25:12 PM |
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In order for us to understand better we can talk about the ethereum itself & the blockchains
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Whyknow78
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January 18, 2019, 02:26:26 PM |
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And I know we can talk about this since we have cover the parts of Blockchain & right now we have to put these two things together
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Croosss123
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January 18, 2019, 02:30:06 PM |
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The structure of the ethereum blockchain is very similar to bitcoin’s, in that it is a shared record of the entire transaction history.
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Choco_boy
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January 18, 2019, 02:31:29 PM |
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Every node on the network stores a copy of this history.
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Christ_bit
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January 18, 2019, 02:32:26 PM |
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The big difference with ethereum is that its nodes store the most recent state of each smart contract, in addition to all of the ether transactions.
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Whyknow78
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January 18, 2019, 02:33:07 PM |
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For each ethereum application, the network needs to keep track of the ‘state’, or the current information of all of these applications, including each user’s balance, all the smart contract code and where it’s all stored. Pretty much thsts what we are aiming for...
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Choco_boy
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January 18, 2019, 02:38:37 PM |
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Bitcoin uses unspent transaction outputs to track who has how much bitcoin.
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