Tag: Ethereum
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Ethersocial Whitepaper Summary
Paper element What the Ethereum paper states Planning use Title and date “Ethereum White Paper: A Next Generation Smart Contract & Decentralized Application Platform”, covered in an article dated 21 Aug 2014 Record the exact title and date of the Ethersocial paper you read, so later comparisons use the same document. Stated intent To let…
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Community Coins vs Bitcoin and Ethereum Compared
Criterion Bitcoin Ethereum Community coins Planning use Spot price, latest snapshot $66,710, up 0.82% day over day $2,019, up 1.58% day over day Set coin by coin Price alone says little about size. Compare market capitalization instead. Market capitalization $728 billion (Nov 2023) $248 billion (Nov 2023) All altcoins combined: about $972.0 billion in the…
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Multisig Wallets for Ethereum
What is a multisig wallet? It is a wallet that needs more than one private key to approve a transaction. For small teams and communities, a 2-of-3 setup suits shared custody because no single signer can move funds alone. Multisig is one part of choosing where to hold coins and tokens. For the wider comparison…
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Coin vs Token for Community Projects
The coin vs token difference comes down to where the asset lives. A coin is the native currency of its own blockchain, while a token is created on an existing chain. A token is usually the lighter route for a community project. Readers new to the category can start with what is a community coin,…
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How Ethersocial Worked
Anyone asking how does ethersocial work is really asking what happens after a wallet sends coins. In short, Ethersocial followed Ethereum’s account model: signed transactions were gathered into blocks, mined, added to the chain and re-checked by nodes. This guide covers the mechanics only. The wider story of the ethersocial coin and its community has…