Explain Blockchain

The GDPR (General Data Protection Regulation) comes into effect on the 25th of May, 2018. For not complying, the fees are up to 20 million Euro. This is why Peter goes through the regulations that effect Blockchain and how you can become compliant (probably). No legal advice, but good old speculation will give you an overview of what GDPR is and what to look out for.

Peter talks through the current state of privacy on the Bitcoin blockchain and presents different methods of increasing said privacy. Topics include CoinJoin, Mixers, TumbleBit, Confidential Transactions and Schnorr Signatures.

Peter talks about different types of wallets and their security. The underlying technology of hierarchical deterministic (HD) wallets is discussed as well as Full Node and Simplified Payment Verification (SPV) wallets.

Peter discussed the hot topic of how to scale the Blockchain. He talks about SegWit, Blocksize and the Lightning Network and explains how SegWit and Lightning work in detail. Recommended Resources Good Article on Scaling the Blockchain: https://goo.gl/btpqRZ Technical Intro to Lightning Network: https://goo.gl/hc3dRJ Approachable Intro to Lightning Network: https://goo.gl/hNd7ww

In the second episode, Peter talks about the Proof of Work and Proof of Stake consensus protocols. The importance of consensus protocols are explained and Peter goes into detail with PoW and PoS. Resources: Inventor of Proof of Work: http://www.wisdom.weizmann.ac.il/~naor/PAPERS/pvp.ps Ethereum FAQ to Proof of Stake: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

Unsurprisingly, the Blockchain is the topic of the first ever Explain Blockchain episode. The technology is explained in broad terms followed by a deep-dive into the details of transactions and block creation.

Brief introduction into motivation behind the podcast and what you can expect in the upcoming episodes.