Blockchain DXB

Podcast Shownotes: Blockchain DXB & Society X - LinkedIn Live

Hosts:

• RA George
• Markose Chentittha

Event Time:

• 10:00 am GST

Topic of Discussion:

• 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

RA George update

• 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!