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CoinDesk Podcast Network

THE MINING POD: Bitcoin Blockspace As Electrical Markets With Leo Zhang

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 9 July 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Transaction fee volatility is a problem for Bitcoin users. How can miners and others fix this UX/UI problem? Enter Alkimiya. Welcome back to The Mining Pod! On today’s show, we’re sitting down with Leo Zhang of Alkimiya Protocol to discuss their novel trading solution for Bitcoin blockspace. Yes, you read that right! Alkimiya enables parties like wallets, miners or professional traders to take a position on Bitcoin blockspace. Widespread usage of this trading platform could enable wallets or others to issue on-chain transactions even when fees are high, balancing out the long term volatility of Bitcoin transaction fees. For miners, it might open up doors for trading a new commodity: Blockspace.  Timestamps: 00:00 Start 03:04 What's Alkyamya? 17:41 How can miners use? 22:54 How does it work? 24:31 Tech design of Alkyamya 26:05 Alkyamya & L2s 26:42 Building on Bitcoin 33:53 New Bitcoin proposals 39:11 Degen spillover 41:20 Final thoughts Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! - "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset.  Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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