tag:blogger.com,1999:blog-65000489554184260162024-03-18T19:52:59.676-07:00VMXLabs Blog A Start-Up Tech Company based in Hong Kong geared to developing Applications, Specialising in iOS and Dapps Development as well as Block-Chain GPU Mining.VMXLabshttp://www.blogger.com/profile/04412950673640084207noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6500048955418426016.post-82051366754372031462016-02-12T05:11:00.000-08:002016-02-12T05:14:05.686-08:00Ethereum for Dummies. <span style="color: white;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: left;">
<span style="color: white;">When asked to explain what Ethereum is, I normally try to give a simple explanation without having to go into the technical details, I say the Ethereum Block-chain Network is ultimately a online computer. </span></div>
<div class="separator" style="clear: both; text-align: left;">
<span style="color: white;"><br /></span></div>
<div class="separator" style="clear: both; text-align: left;">
<span style="color: white;">However Dr. Gavin Wood has explained Ethereum during DEVCON1 and I believe he does a tremendous job in simplifying what Ethereum is. Enjoy.</span></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/U_LK0t_qaPo/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/U_LK0t_qaPo?feature=player_embedded" width="320"></iframe></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
Article By: Michael Chow</div>
VMXLabshttp://www.blogger.com/profile/04412950673640084207noreply@blogger.com2tag:blogger.com,1999:blog-6500048955418426016.post-26843813412193891572016-02-11T11:19:00.001-08:002016-02-12T05:13:45.039-08:00Ethereum Injection. The rise of Ethereum Prices with Homestead around the corner.<span style="color: white;">There has been an increase in attention given to Ethereum in early 2016. </span><br />
<span style="color: white;"><br /></span>
<span style="color: white;">We here are VMX-Labs are excited and exited for Vitalik and his core team as they worked tireless to promote the Ethereum Network as well as develop it. </span><br />
<span style="color: white;"><br /></span>
<span style="color: white;">This blog post is meant to direct those who want to know more about the Ethereum Community. </span><br />
<span style="color: white;"><br /></span>
<span style="color: white;">My name is Michael Chow, and I am one of the co-founders here at VMX-Labs and I wanted to share with you just a few resources you may mind useful to keep up to date with all the Ethereum News: </span><br />
<span style="color: white;"><br /></span>
<br />
<ol>
<li><a href="https://www.reddit.com/r/ethereum/" target="_blank"><span style="color: white;">Ethereum Reddit</span></a></li>
<ul>
<li><span style="color: white;">General Information on Ethereum will most likely be posted here. It is the best place to keep track of all the announcements.</span></li>
</ul>
<li><a href="https://www.reddit.com/r/ethtrader/" target="_blank"><span style="color: white;">Ether Trading</span></a></li>
<ul>
<li><span style="color: white;">If you are interested in trading Eth, this is a useful place to read up on how other traders feel.</span></li>
</ul>
<li><a href="http://www.ethereumwisdom.com/#!/" target="_blank"><span style="color: white;">http://www.ethereumwisdom.com/#!/</span></a></li>
<ul>
<li><span style="color: white;">This website is great, it tracks the Ether prices across different platforms. Has BTC/Eth, Eth/USD, Eth/Euro prices that are updated constantly. </span></li>
</ul>
</ol>
<div>
<span style="color: white;"><br /></span></div>
<div>
<span style="color: white;">Hopefully this helps! I would love to get more people involved with the Ethereum Network, it is the future and the frontier of technology. If you have your own sites that you use to keep up with Ethereum please feel free to share with us here or tweet it at us @VMXLabs on twitter, or post it on our FB Page: <a href="https://www.facebook.com/vmxlabs/?pnref=lhc">https://www.facebook.com/vmxlabs/?pnref=lhc</a> .</span></div>
<div>
<span style="color: white;"><br /></span></div>
<div>
<span style="color: white;">Article By: Michael Chow </span></div>
VMXLabshttp://www.blogger.com/profile/04412950673640084207noreply@blogger.com2tag:blogger.com,1999:blog-6500048955418426016.post-8523410252432910982015-09-24T04:04:00.001-07:002015-09-24T04:15:05.448-07:00Investing in Ethereum.<div dir="ltr" id="docs-internal-guid-f5558f47-f8e9-41c3-ceae-e7349fe9331e" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg904Uk8yddgtZoMYZw2dPq3xhmYc7TSlgRhx7nzk6I3jREOIZwuxvqTKYumf9SBUT_ytYs9ZFxuGjMPZ_1phytq93kKhEepmKHWktPWW-f6jRMY1aRZxbEfIs58KX-NeW_htcx6vEI0isd/s1600/Screen+Shot+2015-09-24+at+6.15.57+pm.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: white;"><img border="0" height="321" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg904Uk8yddgtZoMYZw2dPq3xhmYc7TSlgRhx7nzk6I3jREOIZwuxvqTKYumf9SBUT_ytYs9ZFxuGjMPZ_1phytq93kKhEepmKHWktPWW-f6jRMY1aRZxbEfIs58KX-NeW_htcx6vEI0isd/s640/Screen+Shot+2015-09-24+at+6.15.57+pm.png" width="640" /></span></a></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">If you are someone looking to jump into the cryptocurrency but you are not sure about the potential returns, this blog post here from VMX Labs will dive into the Cryptocurrency of Ethereum and discuss what Ethereum is, the potential of holding Ether (It’s currency) and the potential of Ethereum as a whole. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Cryptocurrency is a relatively new form of technology. We had a blog post that gives a quick introduction to what Cryptocurrencies are, feel free to take a look at it <a href="http://vmxlabs.blogspot.hk/2015/09/cryptocurrency-and-use-of-it-has-grown.html" style="background-color: #999999;" target="_blank">HERE</a>. To rehash what was said in our earlier blog post, cryptocurrency is simply digital currency, much like the Euro and the USD except it is kept online. </span></div>
<span style="color: white;"><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
</span><br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">We also have a blog post that gives a brief introduction to what Ethereum is, you can check it out <span style="background-color: #999999;"><a href="http://vmxlabs.blogspot.hk/2015/09/introduction-to-ethereum-and-why-it-can.html" target="_blank">HERE</a></span>. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large; font-weight: 700; vertical-align: baseline;">So… </span><br />
<div class="separator" style="clear: both; text-align: center;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-weight: 700; vertical-align: baseline;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMTM2FAGNqytKwtNJtyhJug8OkQvgkuDpTwXnxNTa5Ff-iHfMK5ZD-JKZbxF2MPqw0AY2R9Ut_fA1SxVO1A8uehPNEIqeTtqNQFxdlz5HFzfMqeT__To7isN0hqaeR8BAvvmRtLNopZMP6/s1600/is-it-worth-it.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="97" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMTM2FAGNqytKwtNJtyhJug8OkQvgkuDpTwXnxNTa5Ff-iHfMK5ZD-JKZbxF2MPqw0AY2R9Ut_fA1SxVO1A8uehPNEIqeTtqNQFxdlz5HFzfMqeT__To7isN0hqaeR8BAvvmRtLNopZMP6/s320/is-it-worth-it.png" width="320" /></a></span></div>
</div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">As someone who is interested in investing in a cryptocurrency, the first question that comes to mind is…”Is it worth it?” followed by “Will I make money from this?”</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">These are perfectly valid questions to keep in mind but before we answer these questions, let’s jump into what Ethereum is and its currency, Ethers. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Ethereum has been in the making now for almost 2 years, fund raising was done in 2014 and tens of millions were raised which was a very successful crowdfunding exercise. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Ethereum official launched in late July 2015, and since has become liquid with active trading going on. We have sites such as Kraken, Poloniex, and Gatecoin that trade </span><br />
<span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif; line-height: 1.38;"><span style="color: white;">significant amounts of Ether each day.</span></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large; font-weight: 700; vertical-align: baseline;">So What is Ethereum? </span><br />
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-weight: 700; vertical-align: baseline;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqz3u7jztvanCoNowUOig75MReLKANBA8370z5wP89ZUZh1DcZi-IF-lDra6Ut9mNZZpfljjdEd0yVCd1OGqt6P52ecFJ0kdjXUy5lN0NZWReibuz3OefpXLkcXCj_LhoVeJ9Oa_WpIhFd/s1600/Ethereum_logo_bw.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: white;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqz3u7jztvanCoNowUOig75MReLKANBA8370z5wP89ZUZh1DcZi-IF-lDra6Ut9mNZZpfljjdEd0yVCd1OGqt6P52ecFJ0kdjXUy5lN0NZWReibuz3OefpXLkcXCj_LhoVeJ9Oa_WpIhFd/s200/Ethereum_logo_bw.png" width="200" /></span></a></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="color: white;"><br /></span></div>
</div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">It is meant to be a cryptocurrency that is backed by computer power, anyone who holds Ether essential own computing power. The idea of a World Computer is what Ethereum is trying to sell. It is a computer that anyone in the world can use. Essentially it is blockchain-based platform where any program can be run that has been uploaded into the network.</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">It’s goal is to allow people around the world to have cheaper and efficient access to computing power that essentially will have no down-time, no-fuss about storage, and is decentralized due to its blockchain-based platform which means it is very secure. </span><br />
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><br /></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large; font-weight: 700; vertical-align: baseline;">Are computers going away in the future? </span><br />
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-weight: 700; vertical-align: baseline;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://www.zastavki.com/pictures/originals/2013/Computers_Computers_technology_042219_.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: white;"><img border="0" src="http://www.zastavki.com/pictures/originals/2013/Computers_Computers_technology_042219_.jpg" height="223" width="400" /></span></a></div>
<span style="color: white;"><br /></span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">The answer to this question seems to be very obvious. Every year there are greater technical advances and this leads to a need in greater computing power to put these new forms of technology to use. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Most people today are already heavily reliant on computers and what they can do for us day-in and day-out. Imagine the future…</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">In the past, people who have had access to great computing power would have had to invest a lot of money into buying and designing these machines to perform the work required of them. Typically, these would have been big corporations; with Ethereum, this allows for the rest of the world to have access to this power too. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">This accessibility to everyone around the globe means more opportunities all around. From being able to have cheaper access to computing power, there are things called Smart Contracts that can be used for things that banks today handle for its customers. For example, loan contracts, a contract that is written in a programming language (Javascript for example) can be used made between two parties without having to go to the middleman (the bank), this agreement can be made quickly and it will not take days to process (like in the banks today) and will even cost less without the fees from the big banks. </span><br />
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><br /></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large; font-weight: 700; vertical-align: baseline;">Bitcoin Versus Ethereum</span><br />
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-weight: 700; vertical-align: baseline;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcHJN277pVajmifsRf8pxKUSM7YSmZRU8Uo9nZgUM9jCMpzoGJG4qTjhjcvubj0G0S_B9frqgHbqxq9PuCk5xm26TZIX3fgylxCSyF14gUn37PwkUZ4RlLN_Ji1Bj0MGKMBKRbG6zPpEnR/s1600/Ethereum+VS+Bitcoin.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: white;"><img border="0" height="103" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcHJN277pVajmifsRf8pxKUSM7YSmZRU8Uo9nZgUM9jCMpzoGJG4qTjhjcvubj0G0S_B9frqgHbqxq9PuCk5xm26TZIX3fgylxCSyF14gUn37PwkUZ4RlLN_Ji1Bj0MGKMBKRbG6zPpEnR/s320/Ethereum+VS+Bitcoin.png" width="320" /></span></a></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-weight: 700; vertical-align: baseline;"><br /></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">With Bitcoin being the first cryptocurrency and a very successful one too, it is nature to try to draw comparisons between Ethereum and Bitcoin. Most people today will have heard of Bitcoin and have some sort of idea that it is a digital currency. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">To put it simply, Bitcoin and Ethereum are very different from each other. The only similarity it has is that both use Blockchain technology to reach consensus of all transactions made in its network. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Here is a great article that explains what Blockchain technology is: </span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<a href="http://recode.net/2015/07/05/forget-bitcoin-what-is-the-blockchain-and-why-should-you-care/" style="text-decoration: none;"><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; text-decoration: underline; vertical-align: baseline;">http://recode.net/2015/07/05/forget-bitcoin-what-is-the-blockchain-and-why-should-you-care/</span></a></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large; font-weight: 700; vertical-align: baseline;">So What is Bitcoin? </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Bitcoin’s creation had the sole purpose of being a currency, like the ones we know today such as the Euro, the USD, or the RMB. It is not backed by anything, it is simply traded between parties with the trust that it is worth what it is worth, much like many other typical currencies today. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="margin-bottom: 0pt; margin-top: 0pt;">
<div style="line-height: 1.38;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large; font-weight: 700; vertical-align: baseline;">How is Ethereum(Ether) different?</span></div>
<blockquote class="tr_bq" style="line-height: 1.38;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-weight: 700; vertical-align: baseline;"><span style="background-color: white; font-family: 'Open Sans', 'Clear Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif; font-weight: normal; line-height: 25.6px;"><a href="https://ethereumbuilders.gitbooks.io/guide" target="_blank">"Ethereum is a modular, stateful, Turing-complete contract scripting system married to a blockchain and developed with a philosophy of simplicity, universal accessibility and generalization."</a></span></span></blockquote>
<div style="line-height: 1.38;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;"><i>What is Turing-complete? </i></span></div>
<div style="line-height: 1.38;">
<span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif; line-height: 20.24px;"><span style="color: white;">Turing-complete normally refers to a device that can solve any problem given an appropriate algorithm and the necessary time and memory.</span></span></div>
<div style="line-height: 1.38;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-weight: 700; vertical-align: baseline;"><br /></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><span style="line-height: 20.24px;">The Ethereum blockchain is one that has a built-in programming language that is a consensus-based globally executed virtual machine. </span></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Ethereum and its Ether is backed by computing power, unlike Bitcoin which can only be traded as a currency, Ether can be used to run computational work. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large; font-weight: 700; vertical-align: baseline;">What is the potential of Ethereum? </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">The potential of ethereum is immense, the range of possibilities can change how the internet works. Ethereum themselves state that it is “how the Internet was supposed to work”, allowing applications to “run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.”</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Of course, nothing in this world will be 100% certain in succeeding, but Ethereum stands a pretty good fighting chance based on the logical direction of technological growth. People who invested in Bitcoin and held them until the prices took a giant leap got a great Return on Investment (ROI); Ethereum has the potential to succeed Bitcoin as the next big thing on the block. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large; font-weight: 700; vertical-align: baseline;">So is it worth it? </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">We here at VMXLabs believe that it is. We buy into the idea and the things that can be done on the Ethereum platform. As the general public becomes more aware of this technology and more applications get developed around the Ethereum network, the intrinsic value of Ether can rise. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Ultimately everyone has to decide for themselves we encourage everyone to do a little bit of research on the topic, here are some useful links that can help you along the way as you look into Ethereum.</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">General Content:</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<a href="https://ethereum.org/" style="text-decoration: none;"><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; text-decoration: underline; vertical-align: baseline;">https://ethereum.org/</span></a></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<a href="https://ethereum.gitbooks.io/frontier-guide/content/" style="text-decoration: none;"><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; text-decoration: underline; vertical-align: baseline;">https://ethereum.gitbooks.io/frontier-guide/content/</span></a></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Statistics Content:</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<a href="https://etherscan.io/" style="text-decoration: none;"><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; text-decoration: underline; vertical-align: baseline;">https://etherscan.io/</span></a></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<a href="https://stats.ethdev.com/" style="text-decoration: none;"><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; text-decoration: underline; vertical-align: baseline;">https://stats.ethdev.com/</span></a></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; vertical-align: baseline;">Technically Advanced Content:</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div dir="ltr" style="margin-bottom: 0pt; margin-top: 0pt;">
<div style="line-height: 1.38;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; text-decoration: underline; vertical-align: baseline;"><a href="https://github.com/ethereum/wiki/wiki/White-Paper" style="background-color: #999999; text-decoration: none;">https://github.com/ethereum/wiki/wiki/White-Paper</a></span></div>
<div style="line-height: 1.38;">
<span style="color: white;"><br /></span></div>
<div style="line-height: normal;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Article Written By: Michael Chow (Co-Founder of VMXLabs) </span><br />
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Website:<span style="background-color: #999999;"> <a href="http://www.vmxlabs.com/">www.VMXLabs.com</a></span></span></div>
<div>
<div style="line-height: normal;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Twitter:<span style="background-color: #999999;"> <a href="https://twitter.com/VMXLabs" target="_blank">@VMXLabs </a></span></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; line-height: normal;">Facebook:<span style="background-color: #999999;"> </span></span><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><a href="https://www.facebook.com/vmxlabs" style="background-color: #999999;">https://www.facebook.com/vmxlabs</a></span></div>
<div style="line-height: normal;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYp4C4h7PBjxWUPHOWeOY5gN1oJnYEuvLgJeYoTRAKfQWRCuFI0CYZT5gDw-TrrhriN7IH2hzhkY0ykuD2SBLjo9c5-T2ycEeBJJfj8_qZqgiNKx3A1TURiyz4iZcSX71j1QDGaH7desXi/s1600/VMX+Cloud.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="clear: left; color: white; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="127" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYp4C4h7PBjxWUPHOWeOY5gN1oJnYEuvLgJeYoTRAKfQWRCuFI0CYZT5gDw-TrrhriN7IH2hzhkY0ykuD2SBLjo9c5-T2ycEeBJJfj8_qZqgiNKx3A1TURiyz4iZcSX71j1QDGaH7desXi/s200/VMX+Cloud.png" width="200" /></span></a></div>
<span style="color: white;"><br /></span></div>
</div>
<br />VMXLabshttp://www.blogger.com/profile/04412950673640084207noreply@blogger.com2tag:blogger.com,1999:blog-6500048955418426016.post-4739153046084685572015-09-21T04:12:00.003-07:002015-09-21T04:22:47.191-07:00Introduction to Ethereum And Why It Can Be The Future.<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqz3u7jztvanCoNowUOig75MReLKANBA8370z5wP89ZUZh1DcZi-IF-lDra6Ut9mNZZpfljjdEd0yVCd1OGqt6P52ecFJ0kdjXUy5lN0NZWReibuz3OefpXLkcXCj_LhoVeJ9Oa_WpIhFd/s1600/Ethereum_logo_bw.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqz3u7jztvanCoNowUOig75MReLKANBA8370z5wP89ZUZh1DcZi-IF-lDra6Ut9mNZZpfljjdEd0yVCd1OGqt6P52ecFJ0kdjXUy5lN0NZWReibuz3OefpXLkcXCj_LhoVeJ9Oa_WpIhFd/s320/Ethereum_logo_bw.png" width="320" /></span></a></div>
<b><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">What is Ethereum?</span></b><br />
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">This is a question we get a lot when we tell people what we do... However, when the word Bitcoin is mentioned, then most of the general public will know what it is. </span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<b><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">So how does one explain to their friends and family what Ethereum is? </span></b></div>
<div>
<b><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="color: white;"><iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/j23HnORQXvs/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/j23HnORQXvs?feature=player_embedded" width="320"></iframe></span></div>
<div>
<br /></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">To put it simply, Ethereum is a form of Cryptocurrency that includes a virtual computer. The currency is called Ether. The idea/ideals behind Ethereum is to have an online computer, with a lot of computing power behind it, where it can be accessible to anyone across the world with an internet connection to do computational work cheaper and easier. </span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhllOEI98nZbctOvY3MFPe8-ZvfF3AylcYcaYYpoUkcjIlA496fxsGcQnJgZlQRvc1h9kUYfo7XPRph9JKd-ufdW5U1j8pGAC2vli6aJeBgSGWtLGir5ubs7rwqSzC-GSMI3Ow2rZbvmo_0/s1600/3e2f9b98-88f9-4f15-af27-3b66eb71f524+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: black; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><img border="0" height="203" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhllOEI98nZbctOvY3MFPe8-ZvfF3AylcYcaYYpoUkcjIlA496fxsGcQnJgZlQRvc1h9kUYfo7XPRph9JKd-ufdW5U1j8pGAC2vli6aJeBgSGWtLGir5ubs7rwqSzC-GSMI3Ow2rZbvmo_0/s320/3e2f9b98-88f9-4f15-af27-3b66eb71f524+%25281%2529.jpg" width="320" /></span></a></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Lets jump into the future for a second and play a hypothetical. What if NASA in the future required immense computational work to calculate and simulate the landing of a spacecraft onto a distant planet, lets say Mars. What NASA can do is use Ether to purchase computing power from the Ethereum Network of computing power to help with these calculations. </span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiakBWraH_965BO3dlQ57U1Ay4mJCtb6kzxUQQtEBQmiP0ZqJkskAfPxL-frZqXmKjfHcjCeoIzmM8Awpg7wn0Iac_K8tuzay-2KMN1MgGLymxxY6iAY0Qh3Eol6U3ipzZriYT7RekLAhVw/s1600/nasaLogo-570x450.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><img border="0" height="157" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiakBWraH_965BO3dlQ57U1Ay4mJCtb6kzxUQQtEBQmiP0ZqJkskAfPxL-frZqXmKjfHcjCeoIzmM8Awpg7wn0Iac_K8tuzay-2KMN1MgGLymxxY6iAY0Qh3Eol6U3ipzZriYT7RekLAhVw/s200/nasaLogo-570x450.png" width="200" /></span></a></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Another example could be when a movie production studio wants to have their videos Rendered. Rendering videos requires some very expensive computers, but with the Ethereum network, this process can be done without having to invest in the equipment as sunk costs. </span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlukLuCwx45sWJF2CXK1Cw1VTIrgnRxJ_I6NfyQbyHYGTcHhdm_HpN0IHUHQJxZ4Cmx_wk8GRAhMu6hsIFUvPJbT22vhsIRaQQyke9XSPF4L3P-GJ-QtN3VQob8cu7mHm2z0uESYX0XlWB/s1600/Avengers_Age_of_Ultron.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: black; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlukLuCwx45sWJF2CXK1Cw1VTIrgnRxJ_I6NfyQbyHYGTcHhdm_HpN0IHUHQJxZ4Cmx_wk8GRAhMu6hsIFUvPJbT22vhsIRaQQyke9XSPF4L3P-GJ-QtN3VQob8cu7mHm2z0uESYX0XlWB/s200/Avengers_Age_of_Ultron.jpg" width="135" /></span></a></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">This allows for anyone that holds ether to own computing power. So you might ask what do the people who provide the computer get? They will get paid via Ethers. Each computation done will have a cost, the cost most likely being stated in the Smart Contract used as part of the deal to do the work. Smart Contracts are basically like normal contracts except facilitated by computer protocols. (We will dive into Smart Contracts in more detail in future blog posts.) </span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">For More Information on Ethereum we suggest the following sites:</span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: #f3f3f3; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><a href="https://www.ethereum.org/">https://www.ethereum.org/</a></span></div>
<div>
<span style="color: #f3f3f3; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><a href="https://ethereum.gitbooks.io/frontier-guide/content/ethereum.html">https://ethereum.gitbooks.io/frontier-guide/content/ethereum.html</a></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">____________________________________</span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<b><u><span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">My Point of View:</span></u></b></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Growing up around computers my whole life, I have seen a lot of really awesome things get developed, from having dial-up internet, to moving over to DSL and then fibre optics... to the uprisings of Paypal, E-Bay, Amazon, Apple, and Google just to name a few... Ethereum and the idea/ideals it stands for appear to be the next big thing in my honest opinion. </span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Computers are not going anywhere, if anything they are becoming more prevalent, I personally believe the next logical step as technology advances is to have computing virtually which can be access by all and even contributed to by anyone with computers (with an internet connection) to add to the virtual computing power and make some money (Ether) without much cost. </span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<div>
<span style="color: white;"><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">We here at VMXLabs specialize in Block-Chain Technology and GPU Mining. We produce rigs that have a lot of computin</span><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">g power for the purpose of Mining and also to add computational power to the Ethereum Network. For more information please go to <a href="http://www.vmxlabs.com/mining%C2%A0" target="_blank">Our GPU Mining Website for our Rig.</a></span></span></div>
</div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Article Written By: Michael Chow (Co-Founder of VMXLabs) </span><br />
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Website: <a href="http://www.vmxlabs.com/">www.VMXLabs.com</a></span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Twitter: @VMXLabs </span></div>
<div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Personal Twitter: @DexVitalitY</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYp4C4h7PBjxWUPHOWeOY5gN1oJnYEuvLgJeYoTRAKfQWRCuFI0CYZT5gDw-TrrhriN7IH2hzhkY0ykuD2SBLjo9c5-T2ycEeBJJfj8_qZqgiNKx3A1TURiyz4iZcSX71j1QDGaH7desXi/s1600/VMX+Cloud.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="color: white;"><img border="0" height="127" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYp4C4h7PBjxWUPHOWeOY5gN1oJnYEuvLgJeYoTRAKfQWRCuFI0CYZT5gDw-TrrhriN7IH2hzhkY0ykuD2SBLjo9c5-T2ycEeBJJfj8_qZqgiNKx3A1TURiyz4iZcSX71j1QDGaH7desXi/s200/VMX+Cloud.png" width="200" /></span></a></div>
<div>
<br /></div>
VMXLabshttp://www.blogger.com/profile/04412950673640084207noreply@blogger.com1tag:blogger.com,1999:blog-6500048955418426016.post-11158565119803064572015-09-18T02:49:00.000-07:002015-09-18T02:52:40.543-07:00What is Cryptocurrency?<div dir="ltr" id="docs-internal-guid-f5b7b470-dfd6-abac-8280-a7044b0eb75f" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">Cryptocurrency and the use of it has grown immensely in popularity with the first of its kind introduced in Bitcoin in 2009. </span><br />
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<span style="color: white;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgx_jGIdYqGl1z3Giwm_iB_HzcGYa7rsgDtEEstgUCPXcQP5bMVfH6QWLdxCoMtkNZ8DlNwFpeYlrQqH20_himEa4lWCmNK1rlhyphenhyphenpAeRqgoRexhmvnoXcSAQkZa7hIwx41K8YeNjbXtXxT8/s1600/bitcoin.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgx_jGIdYqGl1z3Giwm_iB_HzcGYa7rsgDtEEstgUCPXcQP5bMVfH6QWLdxCoMtkNZ8DlNwFpeYlrQqH20_himEa4lWCmNK1rlhyphenhyphenpAeRqgoRexhmvnoXcSAQkZa7hIwx41K8YeNjbXtXxT8/s200/bitcoin.png" width="200" /></a></span></div>
<br />
<span style="color: white;"><br /></span></div>
<span style="color: white;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">Ever since then there have been many different cryptocurrencies (Altcoins) introduced into the market (For Example: Litecoin, Dogecoin etc..) and the latest one to make a splash… Ether (from Ethereum). </span></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBEHb5sHpzlF1QnHHS3n8qTO4vweO8QDWeiYErV8aF2MRaed5Ou2kcAhTO_UdbeowBa3Qm77KX2ESz0yVXuwxs2O9JxpYX6ubkU5d6V_ye3sYeSO9ph5Sc1ioCIGiuVSIJEK5cNryt8TZU/s1600/300coin.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="clear: right; color: white; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBEHb5sHpzlF1QnHHS3n8qTO4vweO8QDWeiYErV8aF2MRaed5Ou2kcAhTO_UdbeowBa3Qm77KX2ESz0yVXuwxs2O9JxpYX6ubkU5d6V_ye3sYeSO9ph5Sc1ioCIGiuVSIJEK5cNryt8TZU/s200/300coin.png" width="200" /></span></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBLA-_bbkPihNrt4-SwQwYxcebebUB4sZhpJ9MaQr5FNjAngsWBA_HFOKOt0HYBKpq0HmgyomK7ybc18IMIxpHPyNtvBr5IcVFwTQXHtw7cdH9L7kJ_1uoWZpvFzxyXK66u19Pgjt1nxQP/s1600/Official_Litecoin_Logo.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="color: white;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBLA-_bbkPihNrt4-SwQwYxcebebUB4sZhpJ9MaQr5FNjAngsWBA_HFOKOt0HYBKpq0HmgyomK7ybc18IMIxpHPyNtvBr5IcVFwTQXHtw7cdH9L7kJ_1uoWZpvFzxyXK66u19Pgjt1nxQP/s200/Official_Litecoin_Logo.png" width="200" /></span></a></div>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<span style="color: white;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlIVh8ZQR5gaklKCytmVXEYJRudcZb-J0rELGDvRGM4h739HTN-VEHJF7pwk6OJXiQVHErhohUbRbOp_zYAtWhjtjLk39IskCtzPLE5w2s93EhanAN0vMeu8bxMOnYS-kYEMeU_k0sYVJx/s1600/Ethereum_logo_bw.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: white;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlIVh8ZQR5gaklKCytmVXEYJRudcZb-J0rELGDvRGM4h739HTN-VEHJF7pwk6OJXiQVHErhohUbRbOp_zYAtWhjtjLk39IskCtzPLE5w2s93EhanAN0vMeu8bxMOnYS-kYEMeU_k0sYVJx/s200/Ethereum_logo_bw.png" width="200" /></span></a></div>
<span style="color: white;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">So what is Cryptocurrency?</span></div>
<span style="color: white;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">To put it simply, cryptocurrency is digital currency. It acts like normal currencies such as the USD or the Euro and is designed for the purpose of exchanging digital information made possible through certain principles of cryptography.</span></div>
<span style="color: white;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">Cryptocurrency is fully decentralized meaning it is theoretically immune to government interference or manipulation.</span></div>
<span style="color: white;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">Cryptocurrencies make it easier to transfer funds between two parties in transactions. Transfers are facilitated through the use of public and private keys for security purposes. Fund transfers are done with minimal processing fees, this avoids steep fees charged by banks and financial institutions for wire transfers. </span></div>
<span style="color: white;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">Cryptocurrencies are mostly derived from one of two protocols: (1) Proof-of-work and (2) Proof-of-stake. We won’t go into detail into these protocols today but here is an example of what each are:</span></div>
<span style="color: white;"><br /></span>
<br />
<ol style="margin-bottom: 0pt; margin-top: 0pt;">
<li dir="ltr" style="font-family: Arial; font-size: 14.6667px; list-style-type: decimal; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-size: 14.6667px; vertical-align: baseline;">Proof-of-work (POW): The requirement of computational work in order to verify the validity of the block-chain. </span></div>
</li>
<li dir="ltr" style="font-family: Arial; font-size: 14.6667px; list-style-type: decimal; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-size: 14.6667px; vertical-align: baseline;">Proof-of-stake (POS): The requirement of the validator to show ownership of a certain amount of currency.</span></div>
</li>
</ol>
<span style="color: white;"><br /></span>
<br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">The first Cryptocurrency was Bitcoin, later coins are referred to as Altcoins. </span></div>
<span style="color: white;"><br /></span>
<span style="color: white; font-family: Arial; font-size: 14.6667px; vertical-align: baseline;">In our next Blog Post we will go into an introduction to what Ethereum is. </span>VMXLabshttp://www.blogger.com/profile/04412950673640084207noreply@blogger.com10tag:blogger.com,1999:blog-6500048955418426016.post-6542080396770338332015-09-18T01:47:00.002-07:002015-09-18T02:00:04.129-07:00Welcome to VMX Lab's Blog<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZErpM8p_wsuTJtRLSQOOpHRkAQTgnuE3axD1OV7tLVwNZNhuGGDnmWWxSX4ygUTmiJkz36XlMEtiq7dFdNAwuuJG-quII7Lb3wAYOmPDOkIupUi9LdIL5F-POyfEvHBRv-Wr4b-HB-hKg/s1600/fblogo16.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZErpM8p_wsuTJtRLSQOOpHRkAQTgnuE3axD1OV7tLVwNZNhuGGDnmWWxSX4ygUTmiJkz36XlMEtiq7dFdNAwuuJG-quII7Lb3wAYOmPDOkIupUi9LdIL5F-POyfEvHBRv-Wr4b-HB-hKg/s320/fblogo16.png" width="204" /></a></div>
<span style="background-color: transparent; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span>
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span>
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">What is VMX Labs?</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b id="docs-internal-guid-4edfe9ac-dfa1-2995-6282-d543550fe31f" style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The idea of starting a blog was an exciting for us here at VMX Labs. As our first official post as a Start Up company based in Hong Kong, we thought having an introduction to who we are and what we do to kick things off.</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">What do we do?</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Our blog’s goal is to provide a steady weekly/bi-weekly blog posts about the current state of affairs with what VMX Labs is up to and also to share some of our thoughts on different matters in the tech industry. This would involve topics from a wide variety of programming languages like Javascript (AngularJS, ReactJS, MeteorJS etc...), iOS(Swift), and Ethereum (GPU Mining, Solidity).</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Our blog is meant to be casual and to put our interest out to the public so we can engage in meaningful discussion together.</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Who are we?</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">VMX Labs is a short form for the three co-founders: Victoria Li, Michael Chow, and Xiao Yang.</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">With a degree in Mathematics and Statistics, Victoria began her career at an investment bank. She loves day dreaming and would want to spend all her time exploring new things. </span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Website:</span><a href="http://www.michaelcbchow.ninja/" style="text-decoration: none;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></a><a href="http://www.victoriali.io/" style="text-decoration: none;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">www.victoriali.io</span></a></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Michael has a background in Academic Research in Public Health and has also worked in the eSports industry before going into Application Development with General Assembly and since Co-Founded VMX Labs.</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Twitter: @DexVitalitY</span></div>
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Website:</span><a href="http://www.michaelcbchow.ninja/" style="text-decoration: none;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">www.michaelcbchow.ninja</span></a><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> //</span><a href="http://www.michaelcbchow.com/" style="text-decoration: none;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">www.michaelcbchow.com</span></a></span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Xiao spends most of his time pondering the creation of our universe and his spare time coding and exploring new technologies. Feel free to drop him a line on any topics regarding tech and science.</span></div>
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b style="font-weight: normal;"><br /></b>
</span><br />
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Twitter: @rndmnd</span></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: white; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Website: </span><a href="http://www.rndmnd.com/" style="text-decoration: none;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">www.rndmnd.com</span></a></span></div>
<br />VMXLabshttp://www.blogger.com/profile/04412950673640084207noreply@blogger.com1