- 9 лет ago
- Published в: Last winner ethereum
- 5
- Автор: Brarg
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That changed when her boss at the U. What's now the most widely used cryptocurrency was a niche payment method being used in the depths of the internet, in many cases being used to buy illegal goods on black markets. But Haun quickly decided the currency itself wasn't what needed probing. Instead, her department prosecuted multiple cases where bitcoin was being used for extortion and white collar crime.
In some cases, the technology behind bitcoin, known as blockchain, actually helped the department solve cases. Haun's view on cryptocurrency has evolved, and so has her career path. After spending much of her professional life prosecuting prison gangs, corrupt officials, and the mafia, she's now the first female general partner at Silicon Valley investing powerhouse Andreessen Horowitz.
Becoming a prosecutor Haun spent her early years abroad thanks to her parents' jobs at a Fortune company, and her teenage years in Cairo, Egypt. She moved back to the States to attend Boston University, then Stanford Law School, and began her career as a law clerk.
When Kennedy asked where she wanted to be in ten years, Haun told him: "I want to be a prosecutor. It's also well-known for its high-profile cases, covering the CIA, Pentagon and other federal agencies. She saw everything from international drug cartel to national security cases come across her desk.
One of those first trials was a man smuggling firearms on airplanes in and out of D. There, she monitored nationwide terrorism cases, including the Miami "dirty bomber" Jose Padilla trial. By , she moved west. Haun prosecuted Nuestra Familia, one of the biggest prison gangs, as well as the Hells Angels, and the "Mongols" motorcycle gang.
The latter two were in a violent battle with each other that culminated in the president of the Hells Angels being shot dead in the streets of San Francisco. In some ways, its technology actually helped her solve cases. Blockchain transactions are stored on a digital ledger that are visible to anyone but can't be changed. That "digital bread crumb" helped her track down illegal funds more easily than tracking cash.
Haun said it was even easier than credit cards or international bank accounts, which can be tough to subpoena. Had that crime been committed in cash, she said, it would have been nearly impossible to track these people down. She quickly became the in-house crypto expert and did see plenty of nefarious uses for cryptocurrency. But she said, a similar phenomenon had happened in the early days of the internet and cellphones. Gox and famous internet black market, Silk Road, she got to know some of these early adopters.
Legitimate players in the industry did not want their platforms to be for crime. But Haun said not all of them immediately warmed to the idea of trusting a government official. In , she decided to form a task force to be a resource for other prosecutors and agents known as "digital currency coordinator. It was around that time she started teaching a class on cryptocurrency at her Alma mater, Stanford Law School, which is now taught at Stanford Graduate School of Business.
The 'credible face of crypto' After more than a decade, Haun was ready to leave the federal government, and "felt like she had accomplished what she wanted there. In the meantime, she joined the board of cryptocurrency exchange Coinbase where she met Andreessen Horowitz partner Chris Dixon. Proof of Stake Proof of work and proof of stake are the two most widely used consensus mechanisms to verify transactions before adding them to a blockchain. Verifiers are then rewarded with cryptocurrency for their efforts.
The first computer to do so successfully is rewarded with a small amount of cryptocurrency for its efforts. Bitcoin, for example, rewards a miner 6. The race to solve blockchain puzzles can require intense computer power and electricity. That means the miners might barely break even with the crypto they receive for validating transactions after considering the costs of power and computing resources.
Proof of Stake Some cryptocurrencies use a proof of stake verification method to reduce the amount of power necessary to check transactions. In comparison, for example, the average transaction speed for Bitcoin is at least 10 minutes. Now compare that with Solana, a crypto platform that uses the proof-of-stake mechanism, which averages around 3, transactions per second TPS , making it much faster than the sluggish Bitcoin blockchain.
Ethereum estimates its energy usage will decrease by This means while each uses individual users to verify transactions, each verified transaction must be checked and approved by the majority of ledger holders. How Can You Mine Cryptocurrency? Mining is how new units of cryptocurrency are released into the world, generally in exchange for validating transactions. There are too many people who have optimized their equipment and technology to outcompete. It does, however, require that you already own a cryptocurrency to participate.
If you have no crypto, you have nothing to stake. How Can You Use Cryptocurrency? While there are a number of goods and services that you can buy with crypto, particularly with Litecoin , Bitcoin or Ethereum, you may also use crypto as an alternative investment option outside of stocks and bonds.
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