I recently attended the Ethereal Summit hosted by Consensys in San Francisco. In this video I give a quick tour of the summit and share some on-the-ground, short interviews with attendees
If you invest in an application token, then you are subject to a 95% startup failure rate (or more!) and if you invest in a protocol token you diversify across all applications built on that protocol. It’s better to diversify across protocols than across applications, because protocols are more applicable and capture the value of everything built on top of them. Base protocols will capture more value than everyone else (alas, if only TCP/IP was a fat protocol!). Therefore, invest in protocol tokens, not application tokens.
It wasn’t too long ago that Silicon Valley scoffed at cryptocurrencies. All over coffee shops in Mountain View and Menlo Park, you heard the same conversation: “Sure, it’s cool technology, but when are we going to see the killer app”?
Wraith Protocol is a technology that allows the user to seamlessly switch between public and private ledgers on the Verge Blockchain. For the first time, users are now free to choose which ledger they want to utilize.
The Wraith Protocol has been officially completed and will be live for all users to enjoy on Monday November 6th 2017.
A fundamental limitation of blockchain applications is that blockchains are expensive. Sending transactions requires fees, and using Ethereum to run smart-contract code is comparatively costly to other kinds of computation.
The idea behind state channels is that we can make blockchains more efficient by moving many processes off-chain, while still retaining a blockchain’s characteristic trustworthiness.