Crypto U Education

Crypto U Education

Cypto U is a series of blogs providing educational content for crypto enthusiasts. Content and lessons have been taken from The Art of the Bubble and 1.2 Labs.

The Coal Miner's Bother: Why Proof-of-Work is Problematic

13 Jan 2023 3 minute read 0 comments Todd Mei PhD

Photo by Olya Kobruseva on Pexels The press is bad. Mining for cryptocurrencies that use Proof-of-work consumes a great deal of energy. In a state of climate change emergency, this makes cryptocurrency out as a villain. In 2021, it was estimat...

Verification and Speed: Behind the Curtain of Blockchain Transactions

12 Jan 2023 5 minute read 0 comments Todd Mei PhD

The “Platform Wars” involve competitors trying to achieve the trifecta of blockchain technology: decentralization, scalability, and security. These features are important on the user side of things since we need to know when a transaction we un...

What Are the Platform Wars?

11 Jan 2023 6 minute read 0 comments Todd Mei PhD

Perhaps in a few years no one will remember the Platform Wars. Out of a handful only one or two will ascend to a dominant position. It’s the way of capitalist markets — efficient or not — where only a few brands of mainstream technology can be profi...

The Blockchain Revolution Is Not What You Think It Is

11 Jan 2023 7 minute read 0 comments Todd Mei PhD

While many of us are preoccupied with cryptocurrencies, we tend to underemphasize the importance of the public ledger feature of blockchain technology. It’s revolutionary as an accounting system. And that’s nothing to scoff at. Advances in accountin...

What Are the Curve Wars? (The Secret of Attrition)

11 Jan 2023 8 minute read 1 comment Todd Mei PhD

Wars of any kind are never pleasant. Even in the crypto space, or I should say especially in the crypto space, things can get quite hot with the amount money and degree of egoism involved. The Curve protocol (apologies in advance for the Tolkien ana...

What's the Difference between a Coin and a Token???

10 Jan 2023 6 minute read 0 comments Todd Mei PhD

Imagine that the Web3 (blockchain) space is guarded by Charon (the ancient Greek god who ferries souls to the underworld). If you had to pay him for passage, would you offer him a crypto coin or token? Is there a difference? A token is more limited...

How to Avoid Impermanent Loss

10 Jan 2023 6 minute read 0 comments Todd Mei PhD

It's a jungle out there! Impermanent Loss (IL, hereafter) is a serious risk in the DeFi world when depositing liquidity in pools run by Automated Market Makers. But there are ways to mitigate against it. Before we get started, you’ll need to be up-t...