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CRYPTO 101

Ep. 243 - From The Archive: Nano and HoloChain

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6821 Ratings

🗓️ 24 June 2019

⏱️ 30 minutes

🧾️ Download transcript

Summary

Presenting, “From The Archive: Nano and Holochain”. We sit down with Colin LeMahieu to discuss one an alternative to blockchains, called Directed Acyclic Graphs (DAGs). Nano is one of the most prominent peer-to-peer digital currencies. Topics include block size, transaction speed and other similar projects. Guest Links: Nano.org Twitter: @ColinLeMahieu Sponsored link: http://crypto101special.com Show Links: CRYPTO101podcast.com iTunes: https://podcasts.apple.com/us/podcast/crypto-101/id1262351840?mt=2 Patreon: https://www.patreon.com/user?u=8429526 Twitter: https://twitter.com/Crypto101Pod twitter.com/BrycePaul101 https://www.instagram.com/crypto_101 https://twitter.com/PizzaMind ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ♫Music By♫ ●Danny Evo - Lost [Bass Rebels Release] ●Song - https://youtu.be/oN8JBshIOtg ●Download/Stream - https://www.bassrebels.co.uk/Lost ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights Reserved Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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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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