Dave's Daily Crypto Take #43 – July 29th, 2021 (How Does Blockchain work?)

#Bitcoin #blockchain #Ethereum

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In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today’s video:

A mini Bitcoin mining rig has gone viral on TikTok

A mini Bitcoin mining rig has gone viral on TikTok

• Idan Abada posted a video on the social network TikTok where he ran the Mini Bitcoin using free electricity from Starbucks.
• This is a mini Bitcoin mining video that has become popular with over 2.5 million views.

Idan Abada is a young man who lives in Los Angeles, California. who aims to generalize crypto mining. Recently, Abada posted a video on TikTok where he ran a Mini Bitcoin mining rig using free electricity from Starbucks.

https://www.kitco.com/news/2021-07-28/Is-Bitcoin-price-manipulated-How-Kraken-s-Dan-Held-breaks-down-facts-vs-myths.html

Is Bitcoin price manipulated? How? Kraken’s Dan Held breaks down facts vs myths

Dan Held, director of growth at Kraken, discusses with David Lin, anchor for Kitco News, how likely it is that Bitcoin, the largest cryptocurrency in the world, is experiencing market manipulation.

“The Bitcoin protocol was made, inherently, to be decentralized and very resistant to any form of centralized attack or manipulation. So the protocol itself is extremely stable. I mean, the protocol can survive nuclear warfare, the Bitcoin protocol can survive part of the internet going down,” Held said.

“Plebs” Staked Bitcoin Throughout Downtrend. A Phenomenal Sign. Here’s Why.

“Plebs” Staked Bitcoin Throughout Downtrend. A Phenomenal Sign. Here’s Why.

The morale of the Bitcoin team seemed low over the last few months. That and a flat market didn’t stop the “plebs” from constantly “stacking sats.” The following chart shows that the Bitcoin addresses that hold between 0.1 and 1.0 BTC kept acquiring Bitcoin through this whole period. What does that mean, though? And why is it a sign of something phenomenal and never-before-seen? That’s what we’re here to explore.

Update

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Interview

https://www.thebalance.com/eos-explained-5194641

EOS Explained
Everything You Need To Know About the History and Technology of EOS

EOS is a cryptocurrency that runs on its own blockchain. Its blockchain is open source and powers additional smart contracts and decentralized apps (dapps). Notably, there are no transaction fees for sending and receiving EOS.

EOS operates using its own open-source blockchain known as EOSIO, which was developed by the company Block.one. It ranks as a top 30 cryptocurrency by market cap, which was $3.7 billion as of July 2021. There are more than 955 million EOS coins in circulation.

Bitcoin & Ethereum: which asset will cross this benchmark first in the next 2 weeks

Bitcoin & Ethereum: which asset will cross this benchmark first in the next 2 weeks

Bitcoin and Ethereum both tested their initial targets of $40,000 and $2400 over the past day, after consistently rallying over the last week. The market sentiment is currently improving for both assets. While Bitcoin has been the driving force for the majority of the bull markets, smaller altcoins have rallied behind Ether’s bullish period as well.
In 2021 itself, Bitcoin reached its all-time high during April 15th-20th, reaching a valuation of $64,000. Other assets followed suit, but when Ethereum touched its ATH of $4375 during the 1st of May, assets such as Ethereum Classic and MATIC followed its path.
Keeping a bullish perspective in the backdrop, we analyzed which asset is likely to outperform the other during the next few weeks of price action.

https://theface.com/life/how-does-blockchain-work-cryptocurrency-proof-of-work-money-finance-digital

How does blockchain work?

What is blockchain?
The first iteration of blockchain came back in 1991 and was used by researchers as a way to timestamp documents. The fact that it was untamperable and very secure is what spawned a wider sense of attraction.

After that, it is generally accepted that Satoshi Nakamoto pioneered how we use blockchain in the contemporary sense when, in 2008, he created bitcoin. Now Nakamoto is a whole other kettle of fish; it’s taken that Nakamoto is the pseudonym of the person (or persons) who invented bitcoin. Nobody knows who or what Nakamoto is, yet they are reportedly worth £25 billion.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave