I'd like to hear more about proof of stake since it's the future. I know how thorough you are so I'm sure it's coming soon. I really enjoy your tutorials.
I think its also important to note that recording the parent hash also prevents any previous block in the blockchain from being changed. This prevents things like 51% attack. This is a great series Bucky, thank you for offering it and providing more knowledge to your fellow developers!
Brither I am having single doubt plzzz figoure me out ....so the problem is that If I am dng ur java old course what will be the disadvantage as it is so old Soooo plzzzz help me out
Why don't you pick a newer series then? To learn e.g. javascript, or python, or django? It's a few hours of following along a videos and some weeks experimenting on something as a project of your own.
what if I send a same transaction to a different nodes at the same time? can it be that multiple nodes will process this transaction and their new blocks will be added to the chain? won't it be a double-triple-etc spending ?
When miners successfully verify a group of transactions, they are awarded Ether. Does these ethers are from the fees the user has payed or something else ? Thankl you
I believe it is the transaction fee, which the successful miner gets. In previous videos he mentioned that transaction fee depends upon the complexity of a transaction, so it makes sense to infer that the more complex/resource intensive the transaction is (like running smart contracts), the more the miner is awarded. We are essentially paying miners to process and verify our transactions. If anyone knows better please feel free to correct me!
@@sweiscool Do not know the exact mining process of Ether, but I've got some understanding how bitcoin mining works. When it's time for a node to calculate a bunch of transactions, the node adds/creates + 1 transaction which includes payment to yourself. It literally means the node assigns itself a fixed amount of btc otherwise known as a reward, creates a header block and starts a calculation process. Additionally, this amount of bts, let's say, 15 is being controlled and gradually being reduced (by half) by the btc internal protocol (the amount of fee used to be bigger and eventually through the time it will be smaller). I believe the same process's with Ether.
I'd like to hear more about proof of stake since it's the future. I know how thorough you are so I'm sure it's coming soon. I really enjoy your tutorials.
Bucky I've been watching since 2013. Thanks man.
I think its also important to note that recording the parent hash also prevents any previous block in the blockchain from being changed. This prevents things like 51% attack. This is a great series Bucky, thank you for offering it and providing more knowledge to your fellow developers!
Thanks for the simple explanation 👍
Thank you Bucky for all these keys
Thank you for another great explanation! How deep are we going to get with these videos? What concepts are you going to cover?
I graduated college because of bucky and currently working but still listening to bucky 😆
Great videos, thanks! 👏
Can you also please explain how proof of stake(PoS) work?
Gracias!
What's the diagram software? Awesome content
Good info!
👍 thanks.
Bucky still going ham 🦈😤
Brither I am having single doubt plzzz figoure me out ....so the problem is that If I am dng ur java old course what will be the disadvantage as it is so old Soooo plzzzz help me out
Why don't you pick a newer series then? To learn e.g. javascript, or python, or django? It's a few hours of following along a videos and some weeks experimenting on something as a project of your own.
what is this 'puzzle' exactly? can you describe in technical terms?
what if I send a same transaction to a different nodes at the same time? can it be that multiple nodes will process this transaction and their new blocks will be added to the chain? won't it be a double-triple-etc spending ?
When miners successfully verify a group of transactions, they are awarded Ether. Does these ethers are from the fees the user has payed or something else ?
Thankl you
I believe it is the transaction fee, which the successful miner gets. In previous videos he mentioned that transaction fee depends upon the complexity of a transaction, so it makes sense to infer that the more complex/resource intensive the transaction is (like running smart contracts), the more the miner is awarded. We are essentially paying miners to process and verify our transactions.
If anyone knows better please feel free to correct me!
iirc mining is the way new Ether is minted, just like Bitcoin. That's why when Ethereum goes PoS the currency will become deflationary.
@@sweiscool Do not know the exact mining process of Ether, but I've got some understanding how bitcoin mining works. When it's time for a node to calculate a bunch of transactions, the node adds/creates + 1 transaction which includes payment to yourself. It literally means the node assigns itself a fixed amount of btc otherwise known as a reward, creates a header block and starts a calculation process. Additionally, this amount of bts, let's say, 15 is being controlled and gradually being reduced (by half) by the btc internal protocol (the amount of fee used to be bigger and eventually through the time it will be smaller). I believe the same process's with Ether.
if 0 (zero) is genesis block then it must not have parent hash.
where is your accent from? you sound like people in my hometown
Mining. I'm all ears.
Give Alex his channel back or you will continue to be Reported
you’ve been reported and will continue to be reported until Alex Hefner gets his channel back