Blockchain and NFTs were already discussed in one of the past TCoffee und Code sessions in Embarcadero YouTube Channel. Interestingly, we will be introduced to them once again in this video with Jim McKeeth and Stefan van As. The recently concluded DelphiCon 2021 has covered a wide range of topics about Delphi, windows program development, various tips and tricks about coding, and many more. In this session, Jim McKeeth will walk us through the world of Cryptography and will give us an overview of cryptocurrency, blockchain, mining, smart contracts, NFTs, Delphereum, and many more.
What are the basics of cryptography?
Jim McKeeth will provide us with all the basic information and things that we should know about cryptography. The session will also provide us with a quick overview of the different types of money through the “money flower” diagram. McKeeth will also discuss the differences between cash and cryptocurrency. We will also get a brief history of BitCoin, the first-ever decentralized cryptocurrency that was designed by a certain Satoshi Nakamoto but turned out to be non-existent.
What is The Blockchain? What are smart contracts and NFTs?
The session will also highlight blockchain and its crucial role in cryptocurrency systems for maintaining a secure and decentralized record of transactions. Blockchain is generally a term utilized to represent distributed ledger technology or DLT where transactions are recorded with an immutable cryptographic signature called a hash. In connection to Blockchain, we will also get a quick overview of how mining works as well as the use of Smart Contracts and the benefits of using the Proof-of-Stake mechanism for processing transactions and creating new blocks in a blockchain.
In addition to this, the video will also introduce us to the emerging popularity of games that use Non-Fungible Tokens or NFTs as well as the IPFS or the InterPlanetary File System, a protocol and peer-to-peer network for storing and sharing data in a distributed file system.
How does Delphereum feature in the future of Blockchain?
The session will also highlight Ethereum which is an open-source blockchain with Smart contract functionality. In connection with this, McKeeth will give us details about Delphereum, a Delphi interface to the Ethereum blockchain that allows for the development of native dapps (decentralized applications).
He will also share some insights about the things we should expect in the future of Blockchain. This includes the so-called Sharding, a multiphase upgrade to improve Ethereum scalability and capacity, and is expected to arrive this year. To know more about Blockchain, feel free to join Jim McKeeth in this one-hour-long session below.
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