Block Shots - Blockchain in 5 minutes‪!‬ Gautam Dhameja

In this episode, the topic is another one of blockchain attacks - the 51% Attack. The episode covers what is this attack, how it effects the blockchain consensus systems, and what is the effect on users and applications.
Music: https://www.purple-planet.com


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit episodes.blockshots.fm

In this episode the topic is the newly famous Bitcoin ordinals. We understand what are ordinals and how they enable NFTs on the Bitcoin blockchain. We also understand the basics around the ordinal theory.
You can also read more about the ordinal theory here - https://docs.ordinals.com/
Music: https://www.purple-planet.com


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit episodes.blockshots.fm

In this episode, we understand what is a distributed denial-of-service (DDoS) attack and how it is relevant in context of blockchains. We also understand how DDoS attacks have negative impact on the functioning of blockchains.
Music: https://www.purple-planet.com


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit episodes.blockshots.fm

In this episode, we understand what is the Ethereum Virtual Machine (EVM) and how it works in the Ethereum blockchain. We also look at how the EVM makes sure all nodes reach consensus while running on different kinds of hardware.
It is recommended that you listen to the previous episode about virtual machines to better grasp the concepts in this episode.
Music: https://www.purple-planet.com


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit episodes.blockshots.fm

In this episode, we understand what are virtual machines and how they are relevant in terms of blockchains, decentralized systems and consensus mechanisms. This will help build a foundation to understand other related concepts like EVM in later episodes.
Music: https://www.purple-planet.com


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit episodes.blockshots.fm

In this episode, we clarify what are Staking and Yield Farming, and how they are different from each other.
Staking — Generally related to Proof of Stake systems. The block rewards get distributed to the stakers. If the block producer don’t follow the rules, stakers risk losing the stake and the rewards.
Yield Farming — Generally related to DeFi. Users provide liquidity to pools and exchanges, and they get returns. These returns come from a share in the exchange fee, interest from loans, etc. 
In staking, you risk losing your stake if you or the block producer you are backing does something bad. In yield farming, there is no such risk. On the other hand, staking rewards are generated regularly while yield farming happens when users use liquidity pools.
Music: https://www.purple-planet.com


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit episodes.blockshots.fm