Joey Hofmeister

The problems with Smart Contracts

Smart Contract: “An automatically executed transaction protocol capable of controlling, documenting, and performing certain actions in accordance with the contract conditions.” A brief recap of Smart Contracts Unlike a conventional contract drawn up by a company, bank, or lawyer that is backed by some form of legal obligation, a smart contract requires none of these. […]

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The Lightning Network: enabling instant and cheap Bitcoin transactions

To understand the Bitcoin Lightning Network – commonly referred to as LN (Lightning Network) – you first need to understand what Bitcoin itself is. Everyone knows that Bitcoin is a so-called “cryptocurrency,” which essentially means decentralized digital money that’s cryptographically secured. This “decentralized” quality of Bitcoin is actually one of its finest qualities and why it has

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FedNow launch: is it a US CBDC?

FedNow is set to launch this summer and it hasn’t been without much controversy and concern about what a centralized government-controlled system will look like. What Even Is FedNow? FedNow is a new system built by the “Federal Reserve” to allow depository institutions – such as banks – to provide their customers access to instant payments. According

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