#Space punks club staking code#

It allows a user verify that there are indeed only 10,000 punks, check that we can't steal them from you, and basically make sure that everything we told you about the code is true.

This is scary for us as developers because we worry about bugs, but it is also a very powerful feature of the system. Once we released it onto the blockchain it became permanently embedded there and can no longer be modified by anyone. We have written code that lives on the blockchain that anyone can use to buy and sell Punks with anyone else in the world.ДЄn interesting aspect of this system is that we no longer have any control over the code running CryptoPunks! This is pretty cool! Normally code is run on a server somewhere and you basically need to trust the person running the server.Д®thereum lets everyone execute the code, show each other what result they got, and agree that the code was executed properly and fairly. We are using a successor to Bitcoin called Ethereum which allows for arbitrary computer code to be executed on the blockchain and the results of the execution to be stored forever. Cryptocurrency was made famous by Bitcoin, but Bitcoin is designed just to transact and store ownership of Bitcoin itself.