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Showing posts from September, 2019

Blockchain Revolution and My Own Research

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What is the Blockchain? Is a chain of blocks and each block contains some data, a hash of this block and the hash of the previous block. However the first block in a Blockchain is called the Genesis block which is the only block that does not hold a hash of the previous block. Data being as simple as user information like your name, weight, height or anything you would like. Hashing is when you input data regardless of the amount which is then put through a hash function which converts the data into an array of numbers and letters, this is called the hash value. Merkle tree is how Bitcoin and Etherum generate the hash value for the block which is when the transactions(each piece of data) in the block hash against each other to eventually get the root hash aka the hash value for the block within the Blockchain, here is a example of a Merkle tree: There are many cryptographic hash functions to hash input data however which ever one is used they must have some qualities...

The Richest Man in Babylon

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Before the book begins it starts off with saying: “Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon, SIX THOUSAND YEARS AGO.”  So the question is what are the simple laws to wealth.  Number 1: Learn to live upon less than you earn. No matter what you earn, pay yourself at least one-tenth. You’ll adapt and find that it won’t make a difference to your day to day life.  Number 2: Learn to seek advice from those who are competent through their own experiences to give it. In other words have a range of friends that all have different areas of expertise. This is developing you to become a person of value to the market.  Number 3: Now you have managed to save one-tenth consistently and built up a friends group who specialise in different areas. It’s time to INVEST the money and use the knowledge that has been acquired from your friends and your own studies. Ask yourself, how can I get my ...