Cyber Republic Weekly Update26

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CYBER REPUBLIC Weekly Update/Issue 26 On the left under “height,” you have an increasing number that is sort of like a measurement of time, but for the Elastos blockchain. However, unlike time, blockchains have some amount of randomness to how fast blocks are mined, so that’s why there’s a timestamp right beside the block height. The block production rate will average out to a certain rate, but there are always variations that can make it unpredictable. Since there are sidechains to Elastos’ architecture, this block explorer is showing the main chain. Sidechain blocks may be different and their block times may be much faster (or slower). The transactions column represents how many transactions have occurred in that block since the last block finished. The mined column is simple to show who got the reward for running the block calculations--this is the merged mining thing we keep talking about. Usually the organization or person getting the reward will be larger mining pools since they have more power than most and PoW is dependent on sheer power. DPoS, which is the other part of Elastos Consensus, significantly helps make things more fair. As you can see, our merged mining with Bitcoin is working very well, and at the time of writing we have more than 34% of Bitcoin’s hash power. Size is how large the block was. Don’t worry about that if you’re a casual user. You can click around on the block height, see what transactions occurred, what addresses sent the transactions, their amounts, transaction IDs called “transaction hash”, and some more confusing numbers flying about. If you get to an address, or enter one of your own (a single private key has several public addresses, and thus, it helps keep the privacy of the owner by hiding how much ELA a single owner might have in total), it will look like this: //16
(Sidenote: all these screencaptures were grabbed by randomly clicking about and are not associated with known wallets.) It’s somewhat confusing, but you can see funds going in, and funds going out. This ultimately allows you to verify transactions, but at the same time, it is confusing enough that tracking every transaction related to a single person is a bit difficult. What is most useful to a user is if they have a transaction hash after sending or receiving funds, and they run a search for it in order to verify that transaction. Searching for all the data on a single address becomes less useful, which is helpful for privacy. That being said, it’s not impossible to track an address, and it’s not meant to be. And that’s pretty much it. Elastos’ block explorer also includes a rank list, which is also commonly called the “rich list”. It is a list of addresses with how much ELA is held. Remember that because one private key is split up into many addresses, this list can be somewhat meaningless (in the author’s opinion).The largest of the rank list is comprised of Elastos Foundation and Cyber Republic committed funds. //17
Page 1 and 2: 26 //1
Page 3 and 4: team has released a full statement
Page 5 and 6: Summary Read last week’s update o
Page 7 and 8: 2. Click on the large “Supernode
Page 9 and 10: Elastos Hive Team Highlight: Supern
Page 11 and 12: KV-based message API: Provides a me
Page 13 and 14: Korean Marketing By Jeremy G. In Ma
Page 15: CR Terminology By Kenneth K. As the
Page 19 and 20: International Community Activities
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Page 23 and 24: the internal staff? What are some o
Page 25 and 26: should be entrusted to the autonomo
Page 27 and 28: CR Website Analytics: May 12 - May
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Page 31 and 32: Elastos blockchain is one of the mo
Page 33 and 34: Topic highlights Check out these ho
Page 35 and 36: Glossary A growing list of Terms an
Page 37: Credits: Writers: Kenneth K Jeremy

Cyber Republic Weekly Update26

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