Tag No Dumb Questions

As part of our work with Lido Nation at the Ngong Road Blockchain Lab in Nairobi, Kenya, we get to interact with true newcomers who are encountering blockchain for the first time. At Lido Nation, we want to be a resource where anyone can learn about blockchain and find a way to participate. But it’s so easy for us OGs to forget what it’s really like to be a newcomer! Working with brand new talent at the lab helps keep us honest. These articles are drawn from the real questions we have collected from newcomers at the lab. We think there’s something for us all to learn as we consider these questions and answers with fresh eyes!


No Dumb Questions: Episode 8 Is this even safe

Can an outsider see how much ada you have in your wallet, or is it private like banks?

Blockchain ledgers are publicly viewable. On the one hand, this is a design feature that provides safety and security: shady activities can’t really be hidden. On the other hand, the idea that anyone can peek in your wallet and see what’s in there can be pretty unnerving, or might feel unsafe in other ways.

So is this even safe? It certainly is a new and different way to think about your money. As you wrap your mind around using a publicly viewable blockchain wallet, consider these ideas:

  • Unlike your bank, there is no KYC attached to a self-custody wallet. When…

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Playlist

  • EP5: pool_deposit

    Authored by: Darlington Kofa

    3m 19s
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    3m 48s
    Darlington Kofa
  • EP2: epoch_length

    Authored by: Darlington Kofa

    3m 24s
    Darlington Kofa
  • EP6: max_tx_size

    Authored by: Darlington Kofa

    4m 59s
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    2m 16s
    Darlington Kofa
  • EP7: Monetary Expand Rate

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP9: Maximum Block Header Size

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP12: Coins per UTXO word

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP11: Protocol Major

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP13: Tau

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP14: Min_Pool_Cost

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP15: Max_Epoc

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP16: Gov_Action_Lifetime

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP17: Governance_Action_Deposit

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP19: K

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP18: Max Lovelace Supply

    Authored by: Darlington Kofa

    0s
    Darlington Kofa
  • EP10: Max Block Body Size

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
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