A Side Project Tasting Virality

Note: This was originally posted on my personal blog. If you’d like to see my posts as soon as they’re released, follow me on Twitter.

A Background

The weekend was coming and I decided to save a bit of my free time after work for some creative expression. “Lemme get some practice in with these filters,” I thought, referring to my starting to make Instagram filters around last month.

An Idea

I didn’t really have a project idea, though. I laid in my bed for another thirty minutes before remembering that I had to go to DC in a few days to finish moving out of my dorm. …


A Step in the Right Direction

Image for post
Image for post

I’m proud to announce that Bitlit has made the decision to accept CENTRE’s US Dollar Coin (USDC) for all purchases. This is an awesome milestone not only for us as a company but also for the field of technology. As one of the first merchants to accept this asset, we pride ourselves on helping pioneer the adoption of cryptocurrency in E-Commerce.

Why Stablecoins?

It’s very difficult to use cryptocurrencies for online commerce in their current state. The frequency of large, rapid swings in the prices of cryptocurrencies means that the assets are not ideal for purchasing other items. This is because the price of an asset can shift drastically before, during, or after a transaction, which results in one of the two transacting parties being at a monetary disadvantage. …


Who We Are, What We Do, and Why

Image for post
Image for post

The Howard University Blockchain Lab, a premier university level blockchain community, has turned one. To help celebrate, we wanted to provide a clear explanation of who we are. Founded in late 2017 at Howard University, our mission is to serve as a central resource for education about blockchain technology, entrepreneurship, and investment. To work toward that mission, we actively conduct research, engage in development, and build community on our campus and in the Greater DC area. That’s a quick summary of what we do, but let’s go more in depth about what all that means and why we do it.

Conducting Research

Blockchains and other web 3.0 …


Rethinking the Security Token Model

Image for post
Image for post

*Please Note: Bitlit LLC is not creating an ICO at the time of this writing, and the content in this article does not consist of financial advice.*

With the increasing prevalence of companies choosing to raise funds via Initial Coin Offerings, many often ask what value investors in said ICOs are receiving in return for their capital.

The Utility Token

Companies and organizations often label their tokens as utility tokens for this reason: the inherent value that recipients of utility tokens is the ability to utilize a service or application that is restricted to those who don’t own the tokens. The utility token model has lost a considerable amount of its credibility due to scams, however, as several projects that have sold utility tokens ultimately develop products that do not require a standalone token and appear to have mishandled the money of their investors. …


Image for post
Image for post

As we celebrate more than 9 years of Bitcoin’s operation, I’d recently found myself pensive about the origins of the world’s longest standing decentralized cryptocurrency. To satisfy my curiosity, I decided to perform some analysis of Bitcoin’s first month of operation: specifically, the first 3000 blocks.

I was inspired to do this analysis after reading an article written by Balaji S. Srinivasan in which he proposed a measure for quantifying a cryptocurrency’s decentralization. I was particularly interested in his analysis of coin decentralization. …


A Warm Introduction

Image for post
Image for post

I’m proud to announce that after several months of preparation, I’ve launched Bitlit, an apparel company for people in technology.

I founded Bitlit in response to my experiences growing up in technology. I’ve always found tech culture to be very unique: from putting everything on the blockchain to JavaScript-ifying everything computable, tech’s culture has always been pretty fascinating to me. Technology is always evolving, and it’s becoming an increasingly welcoming space. But, I’ve had trouble in the past with discovering clothing brands that can appeal to technology’s growingly diverse demographic.

From web developers to systems programmers and from crypto enthusiasts to design nerds and daily users of technology, everybody should have a brand that represents them regardless of their skills or appearance, and Bitlit is that brand. Bitlit’s mission is to change the world by giving all citizens an identity in our increasingly digital society through clothing. …


Understanding Non-Fungible Ethereum Tokens

Image for post
Image for post

Many have heard of the new game on the Ethereum blockchain called CryptoKitties. The new game recently made several headlines within the cryptocurrency community because of its extremely unique idea and the dent it’s made on the Ethereum network. CryptoKitties is a game in which players can buy, sell, trade, and breed digital cats. They can be thought of as “breedable Beanie Babies” in that each cat is unique in some way. This uniqueness makes the CryptoKitties extremely collectible, as someone could take interest in the characteristics of several kittens and wish to own many of them.

Image for post
Image for post
Source: Vice Media

But collectibles aren’t limited to digital felines. Humans have always had a history of collecting things; it’s nothing new. From physical coins to Pokémon cards, people love collecting. It’s a hobby that forms as a result of a unique interest in scarce items. Similar to how the value of a commodity is related to its scarcity, the value of a collectible item to a collector is connected to its rareness among other items. …


A Tutorial for Beginners

Image for post
Image for post

If you’ve seen technology news lately, you’ve likely noticed that Bitcoin and other cryptocurrencies have skyrocketed in price. In just 2017 alone, Bitcoin has seen a 2035.3% increase in price at the time of this writing. And, because many coins in the cryptocurrency market are highly correlated with Bitcoin, currencies such as Ethereum and Litecoin have seen equally spectacular jumps in price. Ethereum, for example, has seen a 6365.3% increase and Litecoin a 2775.49% increase.

Image for post
Image for post

We know that Bitcoin is the king of crypto as of today, but its primary use at the moment is solely that of a currency. This is great for day-to-day payments, but we want more functionality; we want the ability to write software that will run ontop of a large, decentralized network like Bitcoin’s. To do this, we could create Bitcoin smart contracts, but Bitcoin’s smart contract language is limited and not very extensible. …


Nov 1, 2017

Image for post
Image for post

Hello readers! It’s been quite some time since I last posted. I’m currently in university, so I’m still getting acclimated to the process here. In this post, I’ll simply give some brief announcments and do a quick review of what’s happened in the world of cryptocurrencies since my last post.

As for the state of Crypto, Currently it’s been going through alot since the last post. After coming across forks that caused the coin to split into Bitcoin Cash (BCH / BCC) and Bitcoin Gold (BCG), legacy Bitcoin, always known to Crypto Currently as BTC, has hit a new all-time high of $6600 USD. …


In an over $40 billion global industry, football (soccer in some areas) serves as the world’s largest and most lucrative sport. …

About

Gerald Nash

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store