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What is Bitcoin Pizza Day?

Chukchi #15

This week in the Chukchi:

  • Smart contracts and what they do

  • What is bitcoin pizza day and where did it come from?

  • Starbucks' new NFT project

  • World's first electric boat

  • "Spirit" returns to Montana State University

 

Learning Series: Segment #15 What are smart contracts?

A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain.


Smart contracts are a type of Ethereum account Which means they have a balance and they can send transactions over the network. However they're not controlled by a user, instead, they are deployed to the network and run as programmed.


 

TRIVIA

Check to see if your answer is correct at the bottom of this email. Beluga whales are covered In a thick layer of blubber That can account for as much as 40% of their body mass. True False

 

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CRYPTO: The first time crypto was ever used to buy physical goods

Ever heard the bitcoin pizza day? It’s a day that is now “celebrated” every year on May 22nd. But the story originated in 2010 when Laszlo Hanyecz wanted to trade 10,000 bitcoins for 2 pizzas. He couldn't find anyone to accept the deal until a 19-year-old sold him them secondhand.


Needless to say, those same bitcoins appreciated in value fairly steeply over the following decade. In fact, if Hanyecz had hypothetically sold his entire stash at [bitcoin’s all-time high of $68,990, he could have made around $690 million – enough to buy 46 million large Papa John’s pizzas at $15 a piece.


 

NFT: Starbucks will sell NFTs that enable exclusive experiences and perks for customers

Starbucks is diving into the world of NFTs.


As part of its quarterly earnings report Tuesday, the Seattle coffee giant revealed plans to use blockchain-based technology to create a digital community and provide access to exclusive perks. The new platform, which will roll out later this year, is described as “Starbucks Digital Community Web3.”


 

TECH NEWS: The world's first electric boat

Traditional motorboats use fuel that emits greenhouse gases, can leak petrol, and can cause noise pollution. But Swedish company Candela is hoping to solve these issues with the first-ever electric hydroplane boat, which effectively glides above the waves, reducing friction and energy usage.


 

LOCAL: "Spirit" returned to Montana State University

After going missing in early April, Spirit returned to Montana State University in the dead of night, appearing on the 50-yard line at Bobcat Stadium Tuesday morning. The small bronze “Spirit” bobcat statue was [reported stolen from the Strand Union Building on April 6] only to be returned about a month later.


MSU spokesman Michael Becker said the university doesn’t have a great idea of how the statue found itself at the 50-yard line Tuesday morning. After it was discovered around 7:40 a.m., university police found all the gates were closed.


 

À LA CARTE

 

Trivia Answer


True


Beluga whales deposit most of their body fat into a thick layer of blubber - a thick layer of fat and fibrous connective tissue that lies just below the skin of most marine mammals. Blubber accounts for more than 40% of a beluga whale's weight. This blubber layer insulates the whale and streamlines the body.


 










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