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How to send ethers in Mist

June 27, 2016
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With your Mist wallet installed and synchronised to the test network, let’s send some test ether to a friend. This should take less than 5 minutes.
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Let’s experience the blockchain using Ethereum

June 24, 2016
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Everybody uses the Internet to exchange information but with the blockchain we can exchange and transact value and make contracts about how this is done. Ethereum is a public blockchain that provides a decentralized virtual machine that can execute peer-to-peer contracts using a cryptocurrency called ether. Time to experience Ethereum for yourself in a safe test environment. The first step is to download Mist. Mist is a “wallet/browser” used to store ether and interact with Ethereum contracts.  It is easy to use and you don’t have to be a developer or write any code. It will take about 5 minutes to set up the wallet but about 1 hour to sync to the network and about another hour to successfully mine some test ethers. Step 1: Download Mist Go to https://github.com/ethereum/mist/releases and find the latest version to download for your system. You will see a number of options for downloading. Choose the one which is right for your device. For example, if you are using the Windows platform and have a 64 bit machine you will choose Etherium-Wallet-win64-0-7-5.zip Step 2: Installation At this point you will be shown a screen that asks you whether you want to connect to the ‘real’, main […]
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Ethereum – creator of smart contracts in a decentralized network

June 21, 2016
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Ethereum is a platform that allows the creation of smart contracts. To understand how Ethereum works, it is important to appreciate the underlying concepts upon which it was built, that is Bitcoin and the blockchain. When the first bitcoin transaction took place on the 3rd of January 2008, (known as the genesis block), it introduced to the world the concept of ‘decentralized consensus’. This is where everyone on the bitcoin network agrees that something has changed ownership, forming a ’crypto-currency ledger’. The “bitcoin” blockchain is simply a collection of all transactions since bitcoins started, mathematically linked together to form a chain. The blockchain also encapsulates some key concepts: Public Key Cryptography (the ability to verify and authenticate a message from a sender using a set of public and private keys that are mathematically linked. Cryptographic Hash Functions (a function which takes an arbitrary length input or ‘message’ and returns a fixed-size alphanumeric string, which is called the hash value – sometimes called a message digest, a digital fingerprint, a digest or a checksum) Peer to Peer Networking (computing or networking through a distributed application architecture that partitions tasks or work loads between peers. Peers are equally privileged participants in the […]
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