Crypto Theory Flashcards
1
Q
Total supply of BTC
A
21 million
2
Q
Qualities of gold as storage of value
A
Scarce (but not too rare)
Durable
Divisible
Portable
Fungible
Hard to counterfeit
Easy to authenticate
3
Q
Bitcoin Pizza Day
A
22nd May 2010
4
Q
Blockchain modularity
A
At its core, the blockchain modularity theory proposes that the core functions of modern blockchains—execution, settlement, data availability, and consensus—should themselves be disaggregated and broken into different layers or networks, allowing for tweaks and maximizations that increase the efficiency of each while sacrificing the fidelity of none.