Are you interested in technology but don’t know an NFT from a Bitcoin? Watch this Meetup Live, where we’ll be unpacking new trends in technology.
Jamiel Sheikh, organizer of Blockchain NYC Meetup group, will cover the latest buzzwords in tech. He will dive into the basics of blockchain technology, NFTs, and the metaverse, and how to stay up-to-date on the future of the industry. You will learn what it takes to launch a thriving tech group and how to build a community from scratch.
- Jamiel’s introduction (1:29)
- Blockchain (5:06)
- History & evolution (13:02)
- NFTs (17:33)
- DeFi (25:33)
- Metaverse (30:57)
- Metaverse & Blockchain (35:39)
- Q&A (38:11)
Top Q&A | Resources:
- How do you link a physical asset to a token? What prevents me from selling my car more than once?
- “So it’s much like a deed in real estate. A real estate deed is a piece of paper, there is no reason why I can’t photocopy that paper right? Or there’s no reason why I can’t forge a different signature or forge a different address on that deed. That piece of paper is much like a token. It only exists in the context of a full legal framework. Tokens exist not just by themselves, but they must exist within ecosystem, a framework.”
- How is joint ownership represented on blockchain?
- “It’s possible to jointly own an asset technically speaking, that’s called multi-sig. It’s entirely possible for multiple signatories to own an account. So let’s say you have what’s called a public private key pair, and I have a public private key pair the combination of the two can be used to create a single account on a blockchain. That is usually done in odd numbers so let’s see a third, so there’s a tiebreaker and that combination of people can own an account. Let’s say a corporation owns an account on a blockchain. They don’t want one person controlling that corporate account let’s say that company’s holding cryptos, for example, Micro Strategy is an example of a company that’s holding cryptos and all likelihood their account is multi-sig meaning that it’s not one person in the firm. They can’t run away with the money, it requires multiple parties to agree and sign off on a transaction that occurs in the blockchain.”
Last modified on March 22, 2022