Silicon valley ethereum
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WhatsApp Spoiler alert: seems like it. The first episode, released last Sunday, takes it to the next level. Ethereum is a decentralized world computer that enables peer-to-peer transactions and the execution of smart contracts. It allows people to frictionlessly exchange and communicates, with no intermediaries. In other words, ethereum is the next generation of the Internet.
Why is ethereum on Silicon Valley? Even if not by name, Silicon Valley has consistently referenced blockchain and cryptocurrency. In the previous season, Pied Piper was already exploring the theme of decentralization. They set up their video platform to work like BitTorrent or IPFS where decentralized storage increases the total availability of artifacts and localizes bandwidth requirements. Netflix has explored this idea, because every time a large number of people want to watch the same program at once, it wastes Internet bandwidth.
If everyone is watching Stranger Things, they are all streaming copies of the same content from their servers, from a centralized place to a bunch of decentralized places. If Netflix allowed storage on devices, and peer-to-peer downloads, the bandwidth of the Internet could be used more effectively, representing huge cost savings for the company.
This idea is the basis of the video compression and streaming app Pied Piper developed on the third season of Silicon Valley. Not only that, but the team buys a bunch of mining hardware a staple of the blockchain and cryptocurrency world and sets it up in the garage as part of the infrastructure they use to produce the compression.
Information would be totally free, in every sense of the word. However, some think that the U. The original architects of the Internet, however, were thinking in a fairly decentralized way. Similarly, the Border Gateway Protocol, which allows computers on the Internet to exchange routing and reachability information, functions in a decentralized way. Administrations in the U. On the other hand, the protocols that run ethereum are impervious to central control. Frighteningly, few people know about the small group of people who meet in person in order to secure the Internet.
They set up their video platform to work like BitTorrent or IPFS where decentralized storage increases the total availability of artifacts and localizes bandwidth requirements. Netflix has explored this idea, because every time a large number of people want to watch the same program at once, it wastes Internet bandwidth. If everyone is watching Stranger Things, they are all streaming copies of the same content from their servers, from a centralized place to a bunch of decentralized places.
If Netflix allowed storage on devices, and peer-to-peer downloads, the bandwidth of the Internet could be used more effectively, representing huge cost savings for the company. This idea is the basis of the video compression and streaming app Pied Piper developed on the third season of Silicon Valley. Not only that, but the team buys a bunch of mining hardware a staple of the blockchain and cryptocurrency world and sets it up in the garage as part of the infrastructure they use to produce the compression.
Information would be totally free, in every sense of the word. However, some think that the U. The original architects of the Internet, however, were thinking in a fairly decentralized way. Similarly, the Border Gateway Protocol, which allows computers on the Internet to exchange routing and reachability information, functions in a decentralized way. Administrations in the U. On the other hand, the protocols that run Ethereum are impervious to central control.
Frighteningly, few people know about the small group of people who meet in person in order to secure the Internet. Firewalls are a typical manifestation of perimeter defense, which is what traditional security architecture depends upon. Firewalls prevent access to assets that sit behind servers. To get to Google, you have to get through their firewall.
But once you get past the firewall, there are many ways to begin compromising accounts and gaining control of the systems within. In the case of Ethereum, every transaction has to be signed by a cryptographic key. In theory, each key is only owned by its rightful owner. So there is no need for perimeter defense, because no action can be taken that is not granularly authorized.
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