Weekly Recap of Wendy's Whitepaper
Theta Network
The week started off with building an understanding of the Theta Network, this network has been making waves in the crypto sphere since its creation.
Theta Network allows users to stream to the platform to bring a whole new level of entertainment and incentivisation to the world of blockchain.
The Theta mainnet comes with the ability to stake your tokens via the use of TFUEL and the innovative idea of using nodes which mine the currencies of Theta Network and TFUEL via internet bandwidth.
The problem of slow and centralized video content is solved with Theta Network. By sharing the load on a peer to peer network speed is vastly improved compared to centralized data servers that provide video and streaming content.
Platforms like Theta are clearly the way of the future, expect more innovation similar platforms to rise up as we go.
Crypto Networking Meetup Highlights
The Networking meetup was a major success, we are grateful to Blockfolio for partnering up with us and covering drinks for many guests. The event was held in Los Angeles.
Blockfolio is a great place to trade crypto and watch the market.
Use this code to get FREE crypto when you sign up for Blockfolio:
2792207
https://bit.ly/WendyBlockfolio
A Beginners Guide to VeChain
During the middle of the week we looked at everything you need to know about VeChain to get started.
In essence, VeChain is a supply chain solution for businesses who move products through different mediums like a warehouse, office, shipping/freight carrier and more. This blockchain technology achieves this by assigning barcodes or QR codes to products to identify what they are where they have been.
This is important because it prevents inventory from being lost and assists with organization of a supply chain process. For example, imagine if you have perishable stock like food moving through a business attempting to make its way to a consumer.
If the food’s expiration date had already passed it may not be picked up by currently used technologies and continue through to a customer’s grocery bag. Or perhaps the goods were accidently switched over.
VeChain can solve this problem by running all products in the business through the blockchain, allowing relevant information to be scanned and moved which prevents mismanagement problems.
Later in 2018 VeChain introduced VeChainThor, which is a public blockchain that allows business to scale in sustainable ways.
The VeChain ecosystem consists of two tokens:
VeChain (VET)
VeThor (VTHO)
Read more here to find out more about VeChain
Hash4Savage Community Fundraiser
It is with high condolences that we inform you of the passing of Charles Beene (@SavageMine)...
He provided a channel on YouTube that provides an incredible amount of knowledge on mining within cryptocurrency.
It is unfortunate to see a man who has brought value to the crypto space go, he had done a lot of the art on the Crypto Wendy O channel and his presence will be sincerely missed.