Category Archives: Bitcoin

What is 5G Blockchain Crypto

What is 5G Blockchain | Ivan on Tech

Welcome to this episode of Ivan on Tech. In this episode you will hear Ivan discuss 5G Blockchain. Blockchain and cryptocurrencies is not all about peer to peer (p2p) it is also about machine to machine and automated transactions. 5G will have a large roll in the future of mass crypto adoption. 5G blockchain 1G - 1G allows communication through a network. This increased productivity and helped the economy grow.

2G - 2G is voice and text, SMS you can speak and text to people around the world. This increased efficiency since now you can leave a message in the form of a text.

3G - 3G is voice, text, and data. This allows the sending and viewing of things such as websites and files.

4G - 4G is similar to 3G but much faster. We can do live streams, meet ups, multiplayer video games etc.

5G - 5G is ultra fast zero latency speed. This may not seem like a huge upgrade, but with 0 latency this means that things can operate in real time. This will have a huge role in machine to machine activity. IoT needs 5G to run effectively. If you think of a self driving car that needs to communicate to another self driving car - this needs to happen instantly. There can be no delay and no down time. 5G will allow for machine to machine operations to take the world economy to the next level.

5G Blockchain - Networks and money over IP. Machines can have a Bitcoin wallet (or other Blockchain identity), this will make it efficient and secure. Automation is also a key benefit with 5G blockchain. Watch the video above - Ivan Liljeqvist explains this in better detail.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not crypto currency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.

Lightning Network Explained | Ivan on Tech

Lightning Network Explained | Ivan on Tech

Welcome to this episode of Ivan on Tech. In this episode you will hear Ivan discuss Lightning Network. Stellar's Lightning Network is a off-chain layer 2 solution for the Bitcoin Blockchain. Bitcoin scaling solutions There are a few options available for scaling the Bitcoin Blockchain.

  1. On chain solution is to create bigger block-sizes
    1. Issue here is bandwidth, it would be difficult if not impossible to get a gigabit size block across the entire network. This would create future centralization as only a few nodes would be able to accomplish this.
  2. Off chain SQL commonly known as balance
    1. Issue here is that their is a centralized point of failure and also censorship. Because centralized exchanges have control over the transactions and hold onto users private keys they ultimately have control.
  3. Off chain layer 2 such as Lightning Network
    1. There is no way to censor, there is no way to double spend, and there is no single point of failure. Lightning network incentives users ($) to connect nodes together to strengthen the network. There is no Bitcoin hard fork required for Lightning Network.

Lightning Network Visualized (2d earth map view) Lightning Network Visualized Links: Popular crypto news:

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not crypto currency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.

Example Demo of the Blockchain Lightning Network | Ivan on Tech

Example Demo of the Blockchain Lightning Network | Ivan on Tech

Welcome to this episode of Ivan on Tech. In this episode you will see a live demo of the Stellar Lightning Network. In 2019 the Lightning Network is at a stage that is is much easier to use. Ivan goes into detail on the current state of the network and gives us a demo of the network and actually uses and buys stuff using the Lightning Network.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not crypto currency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.

What is Bitcoin MimbleWimble? Ivan on Tech

What is Bitcoin MimbleWimble? Ivan on Tech

Welcome to this episode of Ivan on Tech. In this episode you will learn about a what is MimbleWimble and Grin. Ivan talks about why these two software developments are  important for Bitcoin? It has to do with both Bitcoin Scaling and Bitcoin Privacy.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not crypto currency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.