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Kevin Wang: Nervos – Scaling Smart Contact Blockchains With Proof of Work and Generalized UTXO

Kevin Wang: Nervos – Scaling Smart Contact Blockchains With Proof of Work and Generalized UTXO

FromEpicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies


Kevin Wang: Nervos – Scaling Smart Contact Blockchains With Proof of Work and Generalized UTXO

FromEpicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

ratings:
Length:
85 minutes
Released:
Feb 11, 2020
Format:
Podcast episode

Description

While recent blockchain launches seem to leverage various Proof of Stake consensus mechanisms, some believe Satoshi’s consensus mechanism is optimal for distributed protocols. As decentralized ledgers jockey to become the chain of choice for enterprises looking to leverage blockchain technology, projects are looking to offer a solution that maximizes security, decentralization, and transaction throughput. Kevin Wang, a Co-founder of Nervos, joins us to discuss why Proof of Work was implemented as the consensus mechanism for the network. To enable greater flexibility for application developers, Nervos created a Common Knowledge Base (CKB) to focus on the security of assets, enabling a complementary layer of Virtual Machines (VM) to scale and facilitate computation.Kevin also discusses the active initiatives underway with the Nervos Grants Program to foster ecosystem development and encourage developers to evolve the permissionless network.Topics covered in this episode:Kevin’s background at IBM, his open source development, and journey to cryptoWhat the blockchain scene is like in Hangzhou, ChinaWhat’s unique about Nervos, and the importance of each layer within the networkIntroducing Nervos’ consensus mechanism, NC-MaxWhy Nervos decided to implement Proof of WorkExplaining the Common Knowledge Base (CKB), and its significance in the Nervos networkHow developer experience is in the Nervos ecosystemThe economic model of CKB, Nervos’ native tokenProgress of the network, and a call for developers to consider the recently announced Nervos Grants ProgramEpisode links: The Nervos Network homepageNervos Network on TwitterWhy We Love Nakamoto Consensus - Nervos BlogNervos CKB in a Nutshell - Nervos BlogNervos developer resourcesNervos Telegram channelNervos grant informationSponsors: Pepo: Meet the people shaping the crypto movement - https://pepo.com/epicenterThis episode is hosted by Sebastien Couture & Sunny Aggarwal. Show notes and listening options: epicenter.tv/326
Released:
Feb 11, 2020
Format:
Podcast episode

Titles in the series (100)

Epicenter brings you in-depth conversations about the technical, economic and social implications of cryptocurrencies and blockchain technologies. Every week, we interview business leaders, engineers academics and entrepreneurs, and bring you a diverse spectrum of opinions and points of view. Epicenter is hosted by Sebastien Couture, Brian Fabian Crain, Meher Roy, Sunny Aggarwal, and Friederike Ernst. Since 2014, episodes have been downloaded over 4 million times.