Euny Hong is a Paris-based journalist, bestselling author, and early-ish crypto adopter. Her work has appeared in The New York Times, The Washington Post, and CNN, among others. She studied philosophy at Yale, which weirdly was a good foundation for understanding all things crypto.
Bitcoin mining is the process by which blocks of transactions are added to the public blockchain and verified. It’s also the process by which new Bitcoin is created—a mechanism that both secures the integrity of the blockchain and incentivizes participation in the network.
Miners compete to add new blocks to the blockchain. Mining Bitcoin demands a substantial commitment on the part of miners; it’s a costly, time-consuming task, and one that’s necessary for the cryptocurrency to work and for peo...
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Microsoft, creator of OpenAI, published a white paper jointly with Virginia Technical University on August 20, 2023, introducing its groundbreaking "Algorithm of Thoughts" (AoT). This novel approach to AI aims to make large language models (LLMs) such as ChatGPT learn with a progression "akin to humans," as the paper puts it.
AoT...
Streetwear pioneer Jeff Staple and pseudonymous NFT entrepreneur gmoney hosted an event at a pop-up restaurant during Paris Fashion Week on Wednesday, showcasing a collaboration between their respective Web3 projects—gmoney’s crypto-native luxury house 9dcc and Staple’s token-gated collab lab Stapleverse.
The duo said that just 12 hours before opening the doors to the event, they conceived of their unique new feature: NFT-based autographs for what Jeff refers to as the “pigeon shit baseball cap”...
Artificial intelligence (AI) has been a technological aspiration for decades or longer, but it is only in recent years that the practical realization of AI has begun to catch up with what scientists imagine it to be. Now, AI systems and tools are found in countless industries and products, from smartphones to self-driving cars and in the health care, retail, manufacturing, and banking sectors, among many others.
It’s easy to understand why there is a tremendous push to develop AI capabilities. C...
Many don’t think of “cryptocurrency” when they think of the Ethereum blockchain, yet at its inception using its ether for payments was one of its primary uses.
Ethereum’s Ether Is Used For Payments
In order to understand how ether (ETH) was — and is — used, it’s important to know what a cryptocurrency is. A cryptocurrency is a digital currency that uses a blockchain to transport digital assets between parties using a blockchain protocol. The cryptocurrency, or coin, is the asset that is transpor...
The first NFTs weren't fractional.
In order to understand what a fractional NFT (F-NFT) is, we should review what a traditional NFT is. Non-fungible tokens (NFTs) are usually indivisible, unique, and not interchangeable. While something that is “non-fungible” isn’t interchangeable (by definition), something that is fungible is. For example, bitcoin (BTC) and ether (ETH) are fungible because they are both freely interchangeable in much the same way U.S. dollars (USD) are. You can easily exchange...
