Podcast 3 – Andrei Karpushonak

Welcome to episode 3 in the Bitcoin Beginners Guide podcasts. In this episode I am talking with Andrei Karpushonak, software developer and organise of the CryptoMarbella Hackathon. The Hackathon is a 24h code marathon. The event  starts at 10am Saturday December 16 th , in OurSpace Coworking in Marbella (Costa del Sol). The winning team will win €2,000 with second place winning €1,000 and third place winning two months of hot desk time.


What is a cryptocurrency? (00:55)

What are Private and Public Keys? (02:00)

What are the benefits of cryptocurrency? (04:00)

What is a blockchain? (07:25)

How does mining work? (10:10)

What is Ethereum, and how does it compare to Bitcoin? (14:00)

What is a smart contract? (16:55)

The concept of an ethereum oracle. (24:00)

Should there be specific cryptocurrency for a specific use case? (27:00)

What is the difference between a soft fork and a hard fork? (29:00)

What is Proof of Stake and how it different from Proof of Work? (32:10)

What is IOTA and how does the Tangle work? (38:00)

Would it be possible for governments to regulate cryptocurrencies out of existence? (42:10)

Can a bank issued (centralised) blockchain work? (47:00)

Andrei describes the Cryptomarbella Hackathon. (49:00)

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