Show notes
On the 28th episode of Zemach FM, we are discussing cryptocurrencies. We talked about what they actually are, what technologies are involved in the sector, how people can participate in the technology, and if cryptocurrency can be a solution to developing countries like Ethiopia.Links In The EpisodeInside the cryptocurrency revolutionEpisode Timelines01:50 Episode introduction03:10 What exactly is a cryptocurrency04:10 Why cryptocurrency is decentralized06:30 Characteristics of cryptocurrency10:20 Technologies behind cryptocurrency10:26 What is blockchain11:50 How blockchain came in to existence12:10 Components of blockchain14:11 Mechanisms to prevent tampering with the block chain15:00 What is a peer to peer connection16:45 What it takes to successfully tamper with the block chain18:25 Mining rigs19:50 Why is a mining rig required these days25:00 How can some one participate in cryptocurrency26:00 Mining pools27:50 The concept of web mining30:05 Why it is impossible to mine cryptocurrencies with normal hardware35:30 Where cryptocurrencies are stored (wallet)35:14 Can developing countries benefit from cryptocurrency36:30 Russia and cryptocurrency40:00 Why it is hard for countries to accept cryptocurrency43:20 Some pros and cons of using cryptocurrencyContact the hostsHenok Tsegaye Twitter Instagram LinkedInAbdulhadmid Oumer Twitter Instagram linkedInFollow Zemach FM and give us comment
