KevDem

Enevitable😀

#chatgpt4 is very helpful to understand and study so many block chain concepts; hereunder is what i asked about 3 part of blockchain, settlement, consensus, execution ◼️Settlement Layer: ▪️Think of this as the record-keeping part of the blockchain. It's where all the final details of transactions are stored. Like a town hall's record book, where once something is written, it's officially recorded and can't be easily changed. For instance, in Bitcoin, the settlement layer records every Bitcoin transaction ever made. ◼️Consensus Layer: ▪️This is like a group decision-making process. In blockchain, many participants (called nodes) have to agree on the validity of transactions before they are recorded. It's like if you and your friends had to all agree before deciding where to eat. The consensus layer ensures everyone agrees that a transaction is valid and true. For example, Bitcoin uses a method called "Proof of Work" where miners solve complex problems to validate transactions. ◼️Execution Layer: ▪️This is the action part of the blockchain. It's where transactions are actually processed. Think of it like a factory assembly line, where things get done. In more advanced blockchains like Ethereum, this layer also handles smart contracts, which are like automated agreements that execute certain actions when conditions are met. To put it all together, imagine you're sending some Ethereum (a cryptocurrency) to a friend. First, the execution layer processes this action (like initiating the transfer). Then, the consensus layer is where all the nodes in the Ethereum network agree that your transaction is valid (like all your friends agreeing it's a good idea). Finally, the settlement layer records this transaction permanently on the Ethereum blockchain (like writing this transaction in a big, unchangeable record book).

around 300K #Solana Meme with Utilities 2nd cycle is around the corner after Devs start cooking, up x2 right away 🚀 better check 1 time since you&I, we all faded whole gems which is right next to us🥲 @djbonksol

Always wonder, why pfp can only be one NFT? why other nft frens cant stay next to profile

Please somebody correct me @BrokesNFT Raffle without refund? Final round of free mint public phase, known as free, but public round ticket is 1= 0.05 SOL it said 'Ticket Raffle', but once u click, its different ticket is not refundable, and if more ticket raises, NFTs should be 1 SOL as well what if, for example, there have 5x ticket collected, and at last 1minute, team put same amount of ticket? NFT price would be 0.05x10 = 0.5SOL for who mint at public, and team got 50% of NFTs released in public, Fund will go to the team for sure, Since there's no discord and nobody answer back, please someone correct me, Hope i am totally wrong *Not Fudding

We share a 'thing' 😉 🔈 @TheSanta24 @cryptoundeads

🎅ART UPGRADE🎅 🔥COMING TO TOWN🔥 🔈 Sound on @TheSanta24

🔥Don't Fade Santas🔥 ✅2501 -> 2386 -> 2150 @TheSanta24 ✔️Check : magiceden.io/marketplace/snt…

Solana is the future🎅