BlockShots: Blockchain Simplified

In this episode, we understand what is the Ethereum Virtual Machine (EVM) and how it works in the Ethereum blockchain. We also look at how the EVM makes sure all nodes reach consensus while running on different kinds of hardware.

It is recommended that you listen to the previous episode about virtual machines to better grasp the concepts in this episode.

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In this episode, we understand what are virtual machines and how they are relevant in terms of blockchains, decentralized systems and consensus mechanisms. This will help build a foundation to understand other related concepts like EVM in later episodes.

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In this episode, we clarify what are Staking and Yield Farming, and how they are different from each other.

Staking — Generally related to Proof of Stake systems. The block rewards get distributed to the stakers. If the block producer don’t follow the rules, stakers risk losing the stake and the rewards.

Yield Farming — Generally related to DeFi. Users provide liquidity to pools and exchanges, and they get returns. These returns come from a share in the exchange fee, interest from loans, etc. 

In staking, you risk losing your stake if you or the block producer you are backing does something bad. In yield farming, there is no such risk. On the other hand, staking rewards are generated regularly while yield farming happens when users use liquidity pools.

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In this episode, let’s find out how AMMs work, how the price and formulae for liquidity is determined, and what happens when the liquidity changes.

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Initially, I wanted to do a double click on AMMs and how they work. But first I thought I should do a bit of a refresher with my new understanding of AMMs. In this episode, I have explained them with some new examples too.

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These days the term ‘Tokengating’ has been going around quite a bit. In this episode, let’s understand what tokengating is and how it works.

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In the last episode, we understood how NFTs work. In this one, let’s explore top five use-cases of NFTs. From gaming to identity to real estate, let’s understand how NFTs could be used to represent several things on blockchains with full transparency.

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In this episode, let’s understand how NFTs work and how different components come together to create them. There is a lot going behind the scenes from where the assets are stored to how they are linked with their token identity.

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In the last episode, we learned about how zero knowledge proofs work. In this episode, let’s go a step further and explore some of their use-cases.

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In this episode, let’s do a double click on Zero Knowledge Proofs. Let’s understand how they work and how they are implemented for blockchains. This episode goes slightly deeper into the ZK stuff, but still in a easy to understand language.

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