Cryptoeconomics with Vlad Zamfir

http://traffic.libsyn.com/sedaily/VladZamfir.mp3Podcast: Play in new window | Download A cryptocurrency has a distributed ledger called a blockchain. The blockchain keeps track of every transaction that occurs across the cryptocurrency. This blockchain must stay up-to-date and verified–which requires someone in the network to do that validation. Bitcoin and Ethereum use the proof-of-work algorithm. Miners do computational work to validate the legitimacy of transactions across the network, and in return they are given

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