Ethereum Is Coding’s New Wild West
“How can Ethereum be a cryptocurrency and a computer at the same time? Instead of running on a laptop or a server, it runs on thousands of individual computers at once, all kept in sync with blockchain technology. In its simplest form, a blockchain is an ordered list of items upon which all of these computers agree. On Ethereum, that list is made up of programmable computer states (think ones and zeros). Anyone can pay currency (Ether, not dollars) to run their code on—and thus change—the state of the computer. Miners enter their machines into a random mathematical race to win the chance to choose which code will run next (i.e., to add the next block of ones and zeroes to the list) and collect the associated fees.
This system is called the Ethereum Virtual Machine (EVM), or colloquially, the ‘world computer.’ Code is run publicly, but users are pseudonymous. It’s like Amazon Web Services, except instead of Amazon as the seller and users as the buyer, users can play either role. No individual controls the system. That makes Ethereum something genuinely new—something unprecedented.”
OODA network members can also access these additional resources on Web3 including insights into how to reduce risk and inform business strategies. Research and reporting of interest includes:
The Cryptocurrency Incident Database OODA analysts track every major cybersecurity incident and seek insights into root causes that can inform defenses.
What CEOs Need To Know About Bitcoin: Including potential new business models to consider A Cambrian Explosion in innovation in Bitcoin related products and services is underway. Here is what the business leader should know about this revolutionary transformation of the global financial sector.
Reducing Risk To Cryptocurrency Projects by Red Teaming We provide insights on prioritizing defenses of cryptocurrency projects based on our years of experience in red teaming.
Is Bitcoin a National Security Risk? How might Bitcoin be framed as a national security risk? As national security technologists, here is our take on where the government is likely concerned.
The Past Present and Future of DeFi Here we capture insights from two of our most popular OODAcasts on the cryptocurrency revolution, one with crypto pioneer Bradley Rotter and one with author of “The Infinite Machine” Camila Russo.
Bitcoin and Ethereum and the Metaverse Jahon Jamali is one of the great explainers of the nature of the crypto revolution and provides insights here into the nature of the coming changes.
What Will The Federal Government Do In Response To The Rise of Cryptocurrencies? All businesses and citizens should understand the importance of improving policy in this domain, but we also need to be cautious about over regulating or passing foolish rules that do more harm than good.
Disruptive and Exponential Technologies We track the rapidly changing world of technology with a focus on what leaders need to know to improve decision-making. Gain insights into the future of tech in a way that enables optimized action. We provide deep insights into Blockchains, Artificial Intelligence, Machine Learning, Cloud Computing, Quantum Computing, Security Technology, Space