Gas is the cost of using the Ethereum platform. All update and computational tasks in any smart contract from deployment to usage consumes gas. This gas is then paid to miners of the blockchain, the guys behind updating the network. Becoming a coder who knows solidity and javascript is not enough. One should exercise caution…

I built a simple Ethereum project deployed to rinkeby network. It is part of my solidity course in Udemy and pretty proud of finishing it. The whole project taught me a lot of insights : Now I understand why Solidity programming is a strongly typed scripting language. Since blockchain technology essentially is a cryptographic database…

Though the book largely focuses on how us humans evolved and altered the existence of all living things all over the world (including our own), the explanation of Yuval Noah Harrari in on how us humans embraced the concept of money as a force of unification caused me to reflect on what is needed to…

Scalability in Ethereum is a big issue now. Whatever DAPP (decentralized application) you design, develop and deploy to the main network, it will not be fast enough to serve customers as a limitation of the proof-of-stake validation of every block (less than a million per day). Though there is inherent value in learning solidity in…

Scalability of blockchain technology is a major issue and it will definitely affect delivery of most ICOs

This is a very big issue now for the technology. As promising as decentralizing the world's information and economics, scaling blockchain technology to reach mass market adoption is its biggest. Now, "Ethereum can only process seven transactions per second" which means that the maximum number of customers it can handle per day is only 604,800.…

Can a stable coin create a one economy world?

I started to ponder around the idea of a universally accepted currency all around the world. As volatile cryptocurrencies like Bitcoin and Ethereum proved that blockchain technology allows verification of transactions, ultimately prevents hacking of accounts and accessible to anyone who has internet connection, the problems attached with the "economic attribute" of it is still…