This podcast discuss a Nature's article that investigates the threat that quantum computing poses to blockchain networks. It explores how quantum computers could be used to break existing cryptographic algorithms used in blockchain, specifically highlighting the vulnerabilities of digital signatures and communication protocols. The authors propose an end-to-end framework for post-quantum blockchain networks, which involves incorporating quantum entropy for key generation, generating post-quantum certificates, and establishing quantum-resistant TLS tunnels between nodes. The framework also introduces a post-quantum signature verification protocol, which they implement in an Ethereum-based network called LAC Chain. The article concludes with a discussion of the performance and scalability of their proposed solutions, demonstrating their practicality for securing blockchain networks from quantum adversaries.
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Reference
Allende, M., León, D.L., Cerón, S. et al. Quantum-resistance in blockchain networks. Sci Rep 13, 5664 (2023). https://doi.org/10.1038/s41598-023-32701-6
This podcast discusses on an academic article, which examines the market microstructure of non-fungible tokens (NFTs) and addresses concerns about market manipulation and the legal status of NFTs. The authors discuss factors influencing NFT price formation and discovery, including fixed price and timed auctions, and how market structure impacts the speed and quality of price discovery. They highlight the importance of transparency and disclose how wash-trading techniques are used to manipulate the NFT market. Finally, the article explores the application of the Howey test to determine whether NFTs should be considered securities and delves into legal and regulatory implications surrounding intellectual property, taxes, and sales tax.
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Reference
Mukhopadhyay, Mayukh and Ghosh, Kaushik, Market Microstructure of Non Fungible Tokens (October 1, 2021). Five Shades of Emerging Business Cases, Eliva Press (Nov 2021), ISBN: 978-1-63648-395-5, Available at SSRN: https://ssrn.com/abstract=3934676 or http://dx.doi.org/10.2139/ssrn.3934676
This podcast discusses a case study that examines the use of non-fungible tokens (NFTs) by Nike to combat counterfeiting. The authors first describe the large global market for counterfeit goods, including the methods and factors that contribute to its growth. They then introduce Nike's Cryptokick patent, which leverages NFTs to create digital representations of physical shoes, allowing for unique identification and ownership tracking on a blockchain. The study explores how these digital assets can be used to enhance brand engagement and fight counterfeiting, as well as the fast-track patent process Nike used to secure its Cryptokick patent.
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Reference
Mukhopadhyay, Mayukh and Ghosh, Kaushik, A Curious Case of Cryptokick (July 20, 2020). Five Shades of Emerging Business Cases, Eliva Press (Nov 2021), ISBN: 978-1-63648-395-5, Available at SSRN: https://ssrn.com/abstract=3656147 or http://dx.doi.org/10.2139/ssrn.3656147
This podcast goes beyond Mayukh Mukhopadhyay’s Ethereum Smart Contract Development and outlines the transition of the Ethereum blockchain from Proof of Work (PoW) to Proof of Stake (PoS), a significant shift that has fundamentally changed the network’s energy consumption, scalability, and overall performance. The text explores the limitations of PoW, explains the advantages of PoS, and traces Ethereum’s evolution from 2018 to 2024, highlighting key milestones like the launch of the Beacon Chain and the Merge, which successfully integrated PoS into the Ethereum network. The appendix also discusses the challenges and opportunities that lie ahead for Ethereum as it continues to grow and adapt to the changing landscape of blockchain technology.
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Reference - https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/
This podcast explores advanced topics related to Ethereum and blockchains, providing a deeper understanding of smart contract development, decentralized autonomous entities (DACs and DAS), and emerging technologies like Tangle. It discusses design patterns used in smart contract development, such as access restriction and factory patterns, and explains the difference between DAOs, DACs, and DAS. The chapter also delves into the Ethereum Improvement Proposal (EIP) process, highlighting the life cycle of proposals and their importance in the Ethereum ecosystem. Finally, it explores consortium blockchains, specifically R3 Corda, and introduces Tangle technology, the foundation for the Iota cryptocurrency.
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This podcast on Chapter-09-BaaS-and-Dark-Web provides a comprehensive overview of blockchain technology, exploring its various types, its application in the dark web market, and the burgeoning field of blockchain-as-a-service (BaaS). The text begins by explaining the different types of blockchains – public, private, and consortium – and discusses the permission spectrum, a crucial aspect of their implementation. It then examines BaaS platforms like IBM Hyperledger, Microsoft Azure, and Amazon Eris, highlighting how they simplify the development and deployment of blockchain applications. Finally, the excerpt delves into the dark web, revealing its role in facilitating money laundering through anonymous transactions, and concludes with a discussion of the ethical challenges posed by the technology’s potential for both good and ill.
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This podcast explores the concept of the "Internet of Money" and how this technology can disrupt various industries. It presents 18 use cases for blockchains and 12 use cases for smart contracts, showcasing their potential in areas like banking, insurance, supply chain management, charity, and even voting systems. The chapter further demonstrates the practical implementation of smart contracts by designing and deploying a decentralized microblogging platform on a private blockchain. This platform uses a command-line interface and provides anonymous tweeting functionality, highlighting the security and administrative benefits of decentralized technology.
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This podcast on the chapter "Developing a Cryptocurrency From Scratch" focuses on the difference between cryptocurrencies and tokens, specifically on Ethereum. It explores the development of ERC20-compatible tokens using the Truffle framework, and explains how arbitrage trading can be applied to cryptocurrencies. The chapter also discusses initial coin offerings (ICOs) and how to distinguish between legitimate ones and scams, Ponzi schemes, and faucets. Finally, it examines the Crypterium ICO and its Fiat2Crypto and Crypto2Crypto exchange features, as well as the impact of the Parity hack, highlighting the importance of secure token storage and peer review.
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This podcast focus on the chapter -Primer to Web3.js - introduces the Web3.js library and explains its role in connecting web browsers to the Ethereum blockchain. The text explores the differences between geth, Web3.js, and Mist, demonstrating how Web3.js uses JSON-RPC to facilitate communication. The chapter then dissects the structure of the Web3.js library, highlighting its modules such as web3-eth, web3-shh, web3-bzz, and web3-utils. It concludes with a practical example of running a smart contract using Web3.js and examines the design of an ownership contract.
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This podcast focuses on smart contracts, their design, and their role in decentralised applications (DApps). The chapter provides a detailed explanation of smart contract concepts, addressing common misconceptions, exploring various design models, and highlighting the importance of code, auditing, and compliance. The text further dives into the Solidity programming language, its design choices, and the nuances of its syntax, features, and limitations. The chapter concludes by examining a real-world example – the Parity wallet hack – to illustrate potential vulnerabilities in smart contract design and the need for rigorous auditing.
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This podcast on the chapter - A Noob's Guide to DApps and DAO - introduces the concept of decentralized applications (DApps) and Decentralized Autonomous Organisations (DAOs). It explains the four key criteria for a DApp, outlines the steps involved in DApp development, and presents a basic understanding of the architecture behind these applications. The text then delves into the specific example of ethercast, an app store for DApps. Finally, the excerpt explores the design of DAOs, including a practical demonstration of creating a simple DAO and a detailed analysis of the infamous DAO hack of 2016. The excerpt concludes by highlighting the importance of robust coding practices when working with DApps and DAOs to ensure financial security.
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This podcast on the hello world of smart contract development guide introduces the basics of creating and executing smart contracts using Solidity, a programming language for Ethereum. The guide focuses on practical application, walking readers through the process of building a simple "Hello World" contract, implementing increment and decrement operations, and utilizing loops. The author further explains how to use Remix, a browser-based IDE, to create and test smart contracts, and introduces the concept of private blockchains, including the creation and mining of ethers. The guide concludes with a brief overview of how to raise issues on GitHub and connect a private blockchain to the MIST browser.
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This podcast on Grokking Ethereum is an introductory guide to the Ethereum platform. It begins by introducing the concept of decentralization and how Ethereum, though decentralised in its architecture, is still centralised in terms of its logic. The excerpt explores the core components of Ethereum, including its Mist browser, Whisper messaging system, and Swarm storage network. The author then examines the Ethereum Virtual Machine (EVM), which facilitates smart contract execution, and discusses Turing completeness and the role of gas in managing performance on the Ethereum blockchain. The excerpt further delves into the structure of Ethereum blocks and mining, highlighting the differences between Ethereum (ETH) and Ethereum Classic (ETC). Finally, the author concludes by discussing the various types of Ethereum wallets and client interfaces, including the Light Ethereum Mobile Wallet (LETH).
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This podcast focuses on blockchain basics, explaining its core concepts like distributed systems and cryptography. It explores the Byzantine Generals' Problem and the CAP theorem to highlight the challenges of distributed systems. The text then clarifies the hash function and Merkle tree, ultimately explaining how a blockchain functions as a giant Merkle tree. It differentiates between the bitcoin and Ethereum blockchains by illustrating their applications as value-transfer and decentralized application platforms, respectively. The text then dives into the bitcoin block structure and explains the mining process as an incentivized brute-force attack, concluding with a brief overview of blockchain evolution, generations, and its current position on the Gartner hype cycle.
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This is an introductory podcast of the book "Ethereum Smart Contract Development" by Mayukh Mukhopadhyay, published by Packt Publishing. It provides an overview of the book's contents, which focus on the development of smart contracts using the Solidity programming language. The book is aimed at novice programmers, solution architects, and blockchain enthusiasts who want to learn how to build decentralized applications on the Ethereum blockchain. The book covers various aspects of Ethereum smart contract development, from basic concepts to advanced topics, including decentralized autonomous organizations (DAOs), token development, and enterprise use cases.
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