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Muneeb Ali Explains Blockstack’s Big Bet on Bitcoin

Muneeb Ali Explains Blockstack’s Big Bet on Bitcoin

FromThe Breakdown


Muneeb Ali Explains Blockstack’s Big Bet on Bitcoin

FromThe Breakdown

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

Description

Last week, Blockstack announced a new proposal through which node operators would be rewarded in bitcoin. The concept behind Proof of Transfer is that, for the cryptoasset ecosystem to run, electricity should only have to be converted into digital scarcity once.  In this interview with @nlw, Blockstack CEO Muneeb Ali explains how, by tying the security of Blockstack’s Stacks blockchain to bitcoin, and allowing miners to be rewarded with BTC, Blockstack might be setting a new precedent for how the crypto ecosystem looks to bitcoin as a base layer.
Released:
Feb 11, 2020
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.