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.
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.
However Dr. Gavin Wood has explained Ethereum during DEVCON1 and I believe he does a tremendous job in simplifying what Ethereum is. Enjoy.
There has been an increase in attention given to Ethereum in early 2016. 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. This blog post is meant to direct those who want to know more about the Ethereum Community. 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:
This website is great, it tracks the Ether prices across different platforms. Has BTC/Eth, Eth/USD, Eth/Euro prices that are updated constantly.
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: https://www.facebook.com/vmxlabs/?pnref=lhc .
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.
So how does one explain to their friends and family what Ethereum is?
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.
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.
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.
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.)
For More Information on Ethereum we suggest the following sites:
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.
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.
We here at VMXLabs specialize in Block-Chain Technology and GPU Mining. We produce rigs that have a lot of computing power for the purpose of Mining and also to add computational power to the Ethereum Network. For more information please go to Our GPU Mining Website for our Rig.
Article Written By: Michael Chow (Co-Founder of VMXLabs) Website: www.VMXLabs.com
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.
What do we do?
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).
Our blog is meant to be casual and to put our interest out to the public so we can engage in meaningful discussion together.
Who are we?
VMX Labs is a short form for the three co-founders: Victoria Li, Michael Chow, and Xiao Yang.
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.
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.
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.
