Ethereum Advanced

Ethereum 101
#221

Yes, through smart contract and web3, you can create an smart contract to manage something related about funds (money), you create your website which is going to be the front end for the smart contract interaction. After that, you deploy web3 which is basically software that can interact with a blockchain, like Metamask in Ethereum or Scatter on EOS.

The ability to design your own Dapp (smart contract + website) is basically web3, because web2 was not able to handle money, you will have to add 3rd party services like paypal. Now with web3 you dont have to, you just deploy your Dapp with a wallet framework and you will be ready to get money from your users or send money to them, the point is: There is no intermediary between your Dapp and your users.

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

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#222

Thats cool! Same as me. I use localbitcoins.com and only buy a max of $300 / day. Sometimes I get peopel that want to sell $25, $50, $100. I get a couple a week but Ive bought half a btc at 2% less than the current price no fees and pretty much anonymous as its mostly e transfer, Its a good site, Holds the btc they want to sell in escrow until i pay and they release it. Cheapest btc I cab find. No trading for me though. I lose more than I win. LOL!

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#223

Yeah, its a good company though, spent years coding the platform and millions too. Should hold value if they can keep up the good work. Did you get the free 400 UNI for using the platform?

#224

My goal is not just to get the certificates but be confident and utilise my learnings and be successful so i expect all the comments, corrections and criticisms from the tutors and members of the forum.

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#225

Hello, I am planning to run an Ethereum node. I had a friend code a Raspberry for me. Where can I go to get a details I need to set up properly? Maybe it is ahead in the class. Thanks :woozy_face:

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#226

This is what you need in order to deploy your own ethereum node Go Ethereum Official Go implementation of the Ethereum protocol

You can find all proper details for installation and setup in their documentation.

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

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#227

hi
i had the same issue at first.
but i figured out the certificate gets sent to your email address then you can download and then upload it to your Linkedin.
i hope that was a help.
:grinning:

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#228

Great course! Iā€™m learning a lot :ok_hand:t5:

#229

Hello guys!
I have a question about GAS.
From what I understand GAS is the total price of the transaction.
Gas prices are small fractions of ETH and we called them Gwei.
I have found on the internet that 1 gwei is 0,000000001 ETH.
Why we are talking about GASā€¦ we can say the Gwei price is this. Why there is another term - Gas?

Thanks for reply :slight_smile:

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#230

The term GAS, is used for transactions fees, off course the fees are calculated on gwei, think on ā€œgweiā€ like satothis on btc.

So GAS is just used to calculate the fees of a transaction, but is just a term for the transaction fees. Using ā€œGAS feesā€ or ā€œTransaction Feesā€ are basically the same.

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

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#231

thank you!
thats all I wanted to know, I was just only curious why there is another term :slight_smile:

#232

Iā€™m loving the course so far - itā€™s great to feel like Iā€™m levelling up as Iā€™m progressing through it!

Iā€™m quite intrigued by the distinct tokenomics of Ampleforth - are there many other tokens that behave in the same way as Ampleforth, or that have similarly innovative and atypical economic models, which donā€™t function in the same manner as the majority of the other ERC-20 tokens?

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#233

ERC20 is an standard that all tokens must have to complaint the requirement to be a erc20 token, what makes them different is the functionality that all of them add to their token, Ampleforth for example is a complete valid ERC20 Token like MKR or DAI, what make him different is the way the calculate their total supply which work with Elastic-Supply, plus other stuffs (functionality). DAI works with CDPs to maintain their price stable, you could read more on it or take DeFi 101 to go even deeper with Stable-Coins and other stuffs.

Carlos Z.

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#234

Thank you for your reply, Carlos - I will look forward to learning more about that in DeFi 101 when I get there! Iā€™m surprised that there are not many more copycat tokens imitating Ampleforth, in the same way that there are many clones of the more innovative tokens everywhere else in the crypto space.

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#235

I still think a valid question.

#236

Enjoying the basic of ETH so far.

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#237

Thanks men i found it

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#238

hi, Could you please help me where to get 32 geth for running eth validation on testnet.
Thank you

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#239

No questions so far about the basics of Ethereum :nerd_face:

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#240

Ivan, you are doing a great job!

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