Setting up a Parity Ethereum wallet

parity_largeHello Reader,

In the last article I took you through the various types of Ethereum wallet including my personal recommendations. In this article, I am going to provide you with an in depth guide to my favourite wallet, Parity.

Parity is an in-browser desktop wallet and dapp browser which is available for Windows, Mac OS and Linux. It is created by Parity technologies, a company setup by several alumni of the original Ethereum project, including Dr Gavin Wood.

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What is Ethereum?

ethereum

Hello Reader,

In my previous article we took a look at the different applications of blockchains and delved into the world of smart contracts. In this article we are going to explore a crypto currency built specifically around smart contracts, meet Ethereum.

Ethereum is a decentralised platform designed to run smart contracts originally proposed by Vitalik Buterin. The early development team grew rapidly with initial founders including Mihai Alisie, Anthony Di Iorio, Charles Hoskinson, Amir Chetrit, Dr Gavin Wood, Jeffrey Wilcke and Joseph Lubin.

Let’s take a few steps back to where it all began…

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Applications of blockchains

Blockchain

Hello Reader,

I frequently get asked a specific question from people that are learning about blockchains. Often they are struggling to grasp exactly what they are capable of and why they are thought to be so revolutionary.

In this article, we are going to take a look at a number of examples of how blockchain technology can revolutionise existing industries or even create entirely new ones.

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How do Bitcoin fees work?

bitcoin feesHello Reader,

It’s time to talk about the elephant in the room, Bitcoin fees.

When Bitcoin first launched, the cost of each transaction fee was negligible and in many cases, you could send transactions with zero fees which would still be processed.

However, I’m afraid that time has long gone and the average cost of a transaction has now crept above a dollar.

So what happened?

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Setting up a mobile Bitcoin wallet using Breadwallet

Breadwallet

Hello Reader,

In my introduction to Bitcoin wallets, I took you through the concept of a mobile wallet as an easy and quick way to get up and running with Bitcoin.

In this post, I am going to explain in detail how to actually use a mobile wallet. This post will focus on my favourite app, Breadwallet on iOS. Yes, I’m afraid I’m a guilty as charged Apple fanboy. However, the app functions nearly identically on both iOS and Android so the tutorial should work pretty much the same whichever platform you choose.

Breadwallet was created by Aaron Voisine and Adam Traidman, two silicon valley based developers. It’s main principles are simplicity and beautiful design which I think is sorely needed in the highly complex and confusing world of crypto currency.

But enough waffling, let’s get this show on the road.

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So how do I actually purchase crypto currency and Bitcoin?

purchase

Hello Reader,

Last time we went through the various ways that you can get hold of some crypto currency and Bitcoin. In this article, I am going to take you through the most common method of getting bitcoins. Purchasing them with fiat currency!

Buying bitcoins can be harder than you might initially expect as the industry is still in it’s fledgling years. However, there are still many different ways, so let’s take a look at each of them in turn.

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