![]() ![]() In my experience, the “distributed data storage” aspect of blockchains is usually well understood. It’s a distributed database that contains information about who owns how much, and this database gets updated every time transactions take place. Bitcoin was designed as a monetary system that wouldn’t need any central authority to operate. To illustrate why this is needed, consider Bitcoin - the cryptocurrency that was the first successful application of blockchain technology. But these locations are usually controlled by a single, trusted entity (that is, a company).īlockchains have an additional property: they can be distributed among many entities that don’t necessarily trust each other. On paper, this doesn’t seem groundbreaking at all: the IT world has been using distributed databases for a long time to allow companies to replicate and synchronize data across multiple locations. In other words, they’re a way of storing data in a distributed fashion. If you don’t know, while you were really considering getting rich off of cryptocurrencies, this should probably be your first red flag - were you really hoping to earn money from entities whose core concept totally eludes you? For the sake of brevity and clarity, the following introduction will involve a number of oversimplifications, but hopefully it will be good enough to understand the one aspect that I’ll keep coming back to: what problem blockchains were created to solve in the first place.īlockchains are “distributed ledgers”. If you already know what blockchain is, feel free to skip this section. While blockchains can hardly be considered “new technology” in 2022, I’m always surprised to discover how limited most people’s understanding of them is. This will allow us to dive into the NFT ecosystem in the second part, before finally studying the societal and political impacts of this industry. In the first part, we’ll talk about blockchain and the general ideas behind cryptocurrency. And understanding what NFTs are, unfortunately, requires establishing some base knowledge.įor this reason, this article is divided into three parts, ordered by increasing level of abstraction. The NFT ecosystem is fairly complex in itself, and the technologies it involves are built on top of others. During his time with 100 Thieves, Ethan played multiple roles, including sentinels, controllers, and initiator agents.You’ve read the stories about people getting immensely rich with them or cryptocurrency, and think - why not me? Well, “You thought wrong” was a working title for this article, but it’ll be a long while before we reach this conclusion. It is unclear which role NRG Ethan will be playing since ANDROID primarily used controller agents. “I wish nothing but the best to all of the guys at NRG - I genuinely hope they kill it in VCT as they’ve all been teammates since day one.” NRG Valorant roster “Pretty devastated from this but I understand their decision,” shared ANDROID in a Tweet. NRG announced that Ethan will be joining the main roster, and benched Bradley “ANDROID” Fodor.
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