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But how is the image generated/rendered? Unfortunately, the image is not generated on-chain. The smart contract only stores a JavaScript script needed to render the image. Art Blocks’ frontend then queries this script and generates the image on-demand in its traditional backend, not the blockchain backend.
Nazar Ilamanov • Why Art Blocks Uses JavaScript in Its Smart Contract
bitcoin cannot fulfill its basic role as a currency. Its historical fate is to provide a haven from maniacal governments and central banks and a harbor for a great innovation, the blockchain.
George Gilder • Life After Google
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David A. Harding • Mastering Bitcoin
Consumer Crypto
sari and • 69 cards
Nakamoto came up with a twofold solution. One component was his breakthrough blockchain ledger. Under its design, transactions are arranged in chronologically arrayed blocks that give miners the ability to verify their contents by comparing them to the historical ledger of account balances. Once satisfied, they acknowledge their approval by moving
... See morePaul Vigna , Michael J. Casey • The Age of Cryptocurrency
Decentralized Social Networks
sari and • 14 cards
The reward mechanism is based on the assumption that all network actors are potentially corrupt, and therefore the process of writing transactions to the blockchain is intentionally made difficult and inefficient, making it costly for malicious actors to attack the network.
Shermin Voshmgir • Token Economy
The Bitcoin network and other distributed ledgers all represent a collectively maintained public infrastructure and are the backbone of the next generation Internet, what the crypto community refers to as the Web3.
Shermin Voshmgir • Token Economy
La blockchain (ici celle du Bitcoin) remplit bien sa promesse de rendre possibles des transactions numériques sécurisées en pair à pair (donc sans intermédiaire). Sur un point toutefois, l’engagement n’est qu’à moitié tenu : les participants n’opèrent pas sans aucune identification, comme le voudrait un système véritablement anonyme (quand nous
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