Crypto in Plain English - by cryptohunt.it cryptohunt

Cryptohunt it dead
Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English.

Cryptohunt is dead.

There, we said it. We promised you some big news throughout the week and this is it.

But here’s the deal: Bad news, it is not. At all.

Cryptohunt has evolved and we are excited to share our new name with you:

Learn.xyz

We will reveal more in the coming weeks, but you can already point your browser to it and try it out.

But why the change? Well, most of you have told us that they like all the new content: AI, quantum computing, or how to use Discord. But as a small team, we have a hard time covering it all. Or we should say “had” - because we have a new team mate.

Her name is LUMI.

Lumi is not what you think. Lumi is an artificial intelligence, and dare we say, much smarter than us. Type anything into learn.xyz and Lumi will create the a fun learning course for you.

Want to know why Bitcoin is doomed? Why bananas are bent? What the future of space travel is? Any topic, any language, Lumi got you.

It’s quite magical, so play around with it. And as far as this podcast is concerned, we are taking a break for the rest of the week to figure out what is the best format going forward.

But if you think you’ll miss this, email podcast@learn.xyz with two simple words: Miss you.

This podcast was produced by Cryptohunt.it, the easiest place to learn all about Web3. Thank you all, thank you more than 55k listeners. I myself learned something new for every one of the 373 episodes until hear.

Copywriting of all but 2 episodes was done by the phenomenal Arndt Voges, Social Media is done by Brett Holleman, design is done by Carmen Rincon, and my name is Christian Byza, Co-Founder of Cryptohunt and now learn.xyz and I was your host of this daily show. We ill be back.


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How ERC-4337 will put an end to forgotten crypto keys
Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English.

A new, and as is typical, unpronounceable technology is in crypto town. It is called ERC-4337. But despite the awkward name, this one is paradoxically meant to improve your life a ton.

The problem it tackles? That it is currently way too easy to lose your crypto forever.

As things are today, every crypto wallet on all the major blockchains is protected by a secret key only you have. This key is so complicated that you can’t possibly remember it - and not surprisingly this leads to many people losing it. Ever heard of those people who lost millions in Bitcoin? They didn’t lose the money, they lost their keys. The result? The same.

ERC-4337 puts an end to this by allowing other means of accessing wallets - for example by assigning people you trust as those who can trigger a recovery. Another option is to have multiple owners of a wallet, so there is always someone who has access.

And as bad as that name is, this could be a major step towards making crypto go mainstream because handling those keys is such a bad experience with such potentially dire consequences.

Might we just suggest a better name so the world will understand? How about “recoverable wallet”? As always, you’ll be the judge!

This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3.

Copywriting is done by Arndt Voges, Social Media is done by Brett Holleman, design is done by Carmen Rincon, and my name is Christian Byza, Co-Founder of Cryptohunt and I am your host of this daily show.


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Send in a voice message: https://podcasters.spotify.com/pod/show/cryptohunt/message

What is Eth Denver, and why are all the crypto enthusiasts going there?
Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English.

Today, the main event of one of crypto’s largest conferences is kicking off. We are, of course, talking about Eth Denver.

So what is it and why all the fuzz?

EthDenver, as the name gives away, is an event that originally focused on the Ethereum blockchain, and – you probably didn’t see that one coming – happens every year in Denver.

But it’s unlike traditional conferences or conventions that tend to just be in one building complex. Instead, the events of Eth Denver are spread all over town, and organized not by a single team, but anyone who wants to participate.

In a way, that captures the spirit of decentralization that many blockchains try to achieve on a technical level. But it also allows for a really diverse event: Anything from tech talks to meeting investors is part of people’s agenda. To stay entertained and relaxed, there are DJ chill lounges, food trucks, and even a child care center.

And it is thanks to this wide range of things happening organically, and all over the literal map, that Eth Denver has become much more than just about Ethereum. Many other blockchains and their fans attend and enjoy spirited exchanges – definitely something the crypto space could use more of if you ask us.

It is an event true blockchain enthusiasts don’t usually miss out on. We are saying usually, because we are also going through a crypto winter, and it remains to be seen just how many enthusiasts are still flocking to Denver. But however many there end up being:  expect it to be a great event. And of course, we also have boots on the ground. If you want to say hi, email us at podcast@cryptohunt.it.

This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3.


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What’s up with all these .xyz domains?
Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English.

If you’ve been surfing the internet at all these days, you’ll come across a new trend: Companies using .xyz as their domain endings. But what’s up with that?

Traditionally, you would expect a website to use a .com – after all, that’s where the first wave of internet companies was born… hence the name dot-com-boom. And this one is no different.

But dot-XYZ has turned into the new wave of dot-coms, ever since it was launched in 2014. It all started with crypto companies eyeing the new ending because they could still find easily memorable website names there. But what was once just for rebels, misfits, and innovators, has since turned so cool that it attracts the mainstream: Jack Dorsey’s Block, which is the parent company of payments giant Square, uses it now, for example. Google parent Alphabet resides at ABC.xyz too.

But, popularity among all sizes of businesses aside – what do people associate with .xyz, in a world where .com stands for established internet businesses?

Many think of a new wave of innovating tech companies - the new kids on the block, ready to disrupt tomorrow, those building on new technologies like Web3 and artificial intelligence. And simply those companies who want to show they are not the establishment.

It sure is hip to be square again. We are in exciting times, and it feels like a new wave of transformative technologies is coming our way. And keep an eye out for big news from us as well: Like we promised last week, we’ll reveal a secret we’ve been working on for the last few months.

And it is not to late to tell a friend about this podcast, so that they hear about this secret, too. Tanks so much for spreading the word for us! My name is Christian Byza, and I am the host of this daily show.

This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3.


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Send in a voice message: https://podcasters.spotify.com/pod/show/cryptohunt/message

What are Bitcoin Ordinals?
Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English.

It’s that time again. Here’s yet another new, complicated word for crypto enthusiasts to throw at you: Ordinals. Bitcoin Ordinals to be precise.

And if you don’t know what’s going on, we think you should: Because they’ve been pushing Bitcoin’s price back up quite a bit.

To understand ordinals, we’ll have to make a quick trip down the memory lane of this podcast and look at NFTs, non-fungible tokens. In a nutshell, they are the blockchain version of a digital collectible, like a baseball card, but in the cloud. And because each NFT unique, they are non-fungible, or not interchangeable.

Ok. Back to ordinals. They are a way to achieve the same with Bitcoin. The reason it has taken years longer than on other blockchains to achieve this, is that Bitcoin can’t do anything other than move Bitcoin money around. In the words of the crypto crowd: it only supports fungible tokens - meaning that each is exchangeable for the other. Think of dollar bill and another one - completely exchangeable. Same with two Bitcoins.

The trick here is that the digital collectible is saved in the transaction memo of a Bitcoins transaction itself. Originally, the intent was to put the purpose of the transaction there - like “this Bitcoin is for the pizza you paid for”. The interesting thing here is that ordinals can even save the entire collectible itself, for example a photo, which makes them more powerful than the king of NFTs, Ethereum.

But the usual downsides are still there: You can only have a limited amount of Bitcoin transactions to carry those ordinals, and when you spend the money your ordinal is tied to by accident, they are gone. And don’t get us started on the environmental impact on Bitcoin – it’s not great.

This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3.


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Why did Coinbase invent BASE, its own blockchain?
Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English.

Last week, crypto exchange giant Coinbase announced that they are launching BASE, which is their own blockchain. So what is BASE, and why did Coinbase think it was necessary to create yet another blockchain?

Let’s dig in.

BASE is what is commonly referred to as a Layer 2, or L2 blockchain. This simply means that it exists on top of an established blockchain, Ethereum in this case. These L2 chains are complicated solutions for an unfortunate problem: Ethereum is way too slow and expensive to be considered usable in most cases.

The way this works is a bit like elevators. Think of Ethereum as an elevator that stops at every level of a skyscraper. At the end, you are certain you didn't skip a floor because you saw that door open and close many times, but it takes a long time to get all the way to the top. Level 2 chains skip a bunch of floors instead, taking you up more quickly. The tradeoff is that you can't really verify how far you actually went until you look out of the window.

But what Coinbase is doing here is nothing new. People have been trying to mitigate Ethereum's problems for a long time now, for example, the popular Polygon blockchain. So why is Coinbase seemingly reinventing the wheel here?

We suspect this is about having a shot at directing where the industry will go. Coinbase has been under a lot of pressure lately. Most of its customers are using Coinbases' accounts to store their crypto - which means it could be gone in case of bankruptcy or hacks. Coinbase likes it this way, but sees the writing on the wall - as everyone is moving their money into wallets they control themselves, Coinbase needs another way to stay relevant. And what's more relevant than building the highway people drive on?

This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3. We are back here tomorrow.


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