4.6 • 821 Ratings
🗓️ 24 June 2019
⏱️ 30 minutes
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0:00.0 | Shalom Crypto 101ers, Bryce Paul here. |
0:04.0 | And this is Pizza Mine. |
0:05.0 | We got a killer lineup for you guys today. |
0:08.0 | We have two super, super interesting projects that are not necessarily blockchain projects. |
0:13.0 | They're what you would call a DAG. |
0:16.0 | So Pete, tell us quickly at a high level, what's a DAG and why does it matter? |
0:20.0 | It's different than a blockchain. |
0:23.4 | The way transactions are sent around is you have to have, you have to perform two proofs |
0:28.9 | of work before your transaction gets spent. |
0:31.8 | So it exponentially spins up this network that grows faster and faster over time with more |
0:36.3 | usage. This is phenomenal for small micro transactions and is really great because the normal attack |
0:42.9 | vectors of a 51% attack or a denial of service attack don't work. |
0:47.6 | In fact, they actually make the network better. |
0:49.6 | That sounds super interesting. |
0:50.7 | So we're going to dive in to HoloChane first and then to Nano. But, you know, |
0:55.7 | let's just quickly just talk about HoloChain. So again, it's not a blockchain per se. But I like |
1:03.4 | actually what HoloChane talks about in this podcast. They talk about it being a new medium that can carry richer patterns of |
1:14.8 | communication and social coordination. So kind of what this means is that these new systems |
1:21.9 | are ways of coordinating machines, right? There are a new way for machines to be accountable to one another and to facilitate all |
1:30.8 | these sorts of autonomous machine to machine value transfers. |
1:34.6 | So how do we do that, right? |
1:36.2 | It's by users or machines owning their own data and being able to monetize that, right? |
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