The Big Bang Theory’s Jim Parsons Explains Blockchain and Crypto on the Simpsons

Siamak Masnavi

The most recent episode (titled "Frinkcoin") of the American animated sitcom "The Simpsons" explained how blockchain and cryptocurrencies work.

Episode 13, Season 31 of The Simpsons, which aired on February 22, featured (as a guest star) Jim Parsons, who plays theoretical physicist Sheldon Cooper on the American sitcom "The Big Bang Theory".

In this episode, Professor Frink decides to explain to Lisa Simpson how blockchain and cryptocurrencies work by engaging the help of Parsons.

Here is what Parsons said:

"People think I'm a nerd but I'm actually super cool. That's why I'm here to talk about the really cool subject of distributed consensus-based cryptocurrency...

"For cryptocurrency to work, we need a record of every transaction that occurs. These are recorded in what's called a distributed ledger."

Then an animated character, which looked like a book and was meant to represent the blockchain, introduced itself via a song-and-dance routine:

"I'm the consensus of shared and synchronized digital data spread across portable platforms from Shanghai to Grenada.

"Each day, I'm getting closer to being cash of the future. Not in your wallet, I'm in your computer."

Parsons then added:

"When you use the currency, the transaction is recorded in the ledger. And when one ledger book gets filled up, we add to a chain of previous books. That's the blockchain..."

Parsons finished his presentation with a piece of text that contained "everything else you need to know". 

Featured Image by "xresch" via Pixabay.com

OKEx Announces OKChain Hackathon to Boost Development of Decentralized Applications

Popular bitcoin exchange OKEx has announced the launch of an OKChain Hackathon in a bid to promote the creation of decentralization applications in the blockchain network’s community.

According to a post published on OKEx’s website, OKChain’s code has already been uploaded to GitHub in April, making it open-source while the first exchange to launch a public blockchain hasn’t done so yet, the post adds.

Participation in the OKChain Hackathon is open until July 20 of this year, and the event’s winners could receive up to $5,000 in OKB as a reward. The hackathon will see developers from across the world develop products and services on OKChain, including Software Development Kits (SKDs), market computing plugins, delegator service products, and staking service products.

The announcement details OKChain launched its 0.1 version in May, disclosing validator selection and its dividend mechanism at the time, and becoming the first blockchain developed by a cryptocurrency exchange supporting the access of third-party institutions.

Commenting on OKChain’s development, OKEx CEO Jay Hao said:

Adhering to the original spirit of blockchain, OKChain won’t become an extension of the exchange, but an independent ecology. We are looking forward to co-constructing an open, decentralized, practical, and diverse ecosystem with our global users.

Hao added that users can now use the blockchain’s voting mechanism, develop their own decentralized exchange or decentralized applications, and more using OKChain’s testnet. OKChain’s mainnet, according to the announcement, is expected to soon launch.

Ahead of the launch OKEx gave OKChain network participants more autonomy and changed the source code so that no entity, including OKEx, is able to control or manipulate the blockchain. Users running decentralized applications can, per the post, add and remove trading pairs without any type of permission from the exchange or any other entity.

Holders of OKChain’s native OKT token can stake their token to become a so-called “Ordinary voter,” allowing them to vote for validators on the network, or delegate their voting power to another account. A total of 21 validators are set to be elected.

OKChain’s OKT is an inflationary token as according to OKEx, a deflationary model – the one used on other blockchains developed by exchanges – “exacerbates the conflict of interest between users and hodlers.” This, as hodlers want the token’s price to increase, which could also lead to a rise in fee, which in turn see users move to other cheaper platforms.

Node operators on the blockchain, OKEx concludes, stand to receive various benefits, including rewards from block generation, voting rewards, and more without having to pay for servers and technology.

Featured image via Pixabay.