Podcast Shownotes: Blockchain DXB & Society X - LinkedIn Live
RA George
Markose Chentittha
10:00 am GST
Web3 Terminologies (30 mins)
Blockchain: Distributed ledger technology recording transactions and data.
Node: Individual participant in the blockchain network.
Ledger: Record of transactions.
Wallet: Digital wallet to store private keys and interact with blockchain.
NFT: Unique digital asset, such as a document or moment in time.
Token: Digital asset or currency on a blockchain.
Royalties: Payments to creators associated with NFT sales.
Smart Contract: Self-executing contract with terms directly written into code.
dApp: Decentralized application running on a blockchain.
Minting: Creating new tokens or NFTs.
Private Key: Cryptographic key for secure access to a blockchain wallet.
Public Key: Cryptographic key to receive blockchain transactions.
Public Address: Crypto address to receive funds - Can be shared via QR codes or copied and pasted.
Seed Phrase: Mnemonic phrase for wallet recovery.
Account Abstraction: Simplifying blockchain accounts for easier use.
Airdrop: Distribution of tokens for free to promote usage.
Degen: High-risk crypto traders.
DAOs: Decentralized Autonomous Organizations.
Tokenization: Converting assets into digital tokens on a blockchain.
DEX: Decentralized Exchange.
Miners & Stakers: Participants validating transactions.
Mining: Validating transactions and securing the network.
Gas: Transaction fees on a blockchain.
Oracle: Service providing external data to smart contracts.
Mainnet: Main blockchain network for actual transactions.
Forking: Creating a split or divergence in the blockchain.
Larry Fink on Bitcoin: "I believe Bitcoin is a legit financial instrument."
Prediction: MakerDAO's $1B Tokenization Plan - "Spark Tokenization Grand Prix," an open competition to invest $1 billion in tokenized U.S Treasury offerings. Applications open on August 12. BlackRock with Securitize, Ondo Finance, and Superstate plan to participate.
Ripple vs SEC: 18th July closed-door meeting.
Trump Assassination Attempt: Token Pumped 33% MAGA (TRUMP). Announced the next day he will be speaking at Bitcoin Conference on 26th July - 27th July. JD Vance as VP pick. Very pro-Bitcoin. Bashed Gary Gensler.
Crypto Market: Defi Vol- Low. Stablecoin volume. Dex to CEX up. Market Cap of Privacy coin unchanged from when the price of BTC was $20k.
Ethereum Trading: 23rd July - Tuesday.
Bitcoin Bridge - TON Blockchain: Anatoliy Makosov, TON's technical lead, said “Storing and using Bitcoin on TON is as secure as on the Bitcoin network itself, but significantly cheaper and more convenient.”
Bitcoin Grants: By Arthur Hays.
No news from Crypto & Blockchain.
Sentient Labs raises $85mln in seed funding.Markose Chentittha update
Shared updates on Society X and Ort Foundation
Glimpse of future Networking events
What to expect at the next Society X meetup event
Lightning Network episode.
Andrew Whitworth episode.
Triton Liquid episode (Hedge Fund).
Investor in 1st Fiat Gateway to Ethereum. Headquartered in Abu Dhabi.Tune in for in-depth discussions and insights on the latest trends and updates in the blockchain, crypto, and AI spaces!