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Spacemesh: A New Consensus Protocol Anton Learner
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Manage episode 295311731 series 1435652
Proof of Work cryptocurrency mining, as used on the Ethereum and Bitcoin blockchains, requires huge amounts of energy to validate transactions and generate new tokens. The alternative, Proof of Stake, needs large deposits of assets to be staked up front in order to work. While both consensus protocols have their own drawbacks, they are the current industry standards.
The company Spacemesh developed a new consensus protocol with the goal of powering an energy-efficient, decentralized, secure, and scalable smart contracts global computer and a cryptocurrency in the permissionless settings. They call their protocol Proof of Space Time which works on a blockmesh structure rather than a blockchain. The Spacemesh protocol allows newcomers to contribute to the security of the cryptocurrency network via unused storage space on their hard drives, driving down energy consumption and enabling anyone with a computer to contribute.
In this episode we talk to Anton Learner, Core Team Lead at Spacemesh.
Sponsorship inquiries: sponsor@softwareengineeringdaily.com
The post Spacemesh: A New Consensus Protocol Anton Learner appeared first on Software Engineering Daily.
92 episódios
Série arquivada ("Feed inativo " status)
When? This feed was archived on February 23, 2022 05:08 (). Last successful fetch was on November 25, 2021 01:18 ()
Why? Feed inativo status. Nossos servidores foram incapazes de recuperar um feed de podcast válido por um período razoável.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 295311731 series 1435652
Proof of Work cryptocurrency mining, as used on the Ethereum and Bitcoin blockchains, requires huge amounts of energy to validate transactions and generate new tokens. The alternative, Proof of Stake, needs large deposits of assets to be staked up front in order to work. While both consensus protocols have their own drawbacks, they are the current industry standards.
The company Spacemesh developed a new consensus protocol with the goal of powering an energy-efficient, decentralized, secure, and scalable smart contracts global computer and a cryptocurrency in the permissionless settings. They call their protocol Proof of Space Time which works on a blockmesh structure rather than a blockchain. The Spacemesh protocol allows newcomers to contribute to the security of the cryptocurrency network via unused storage space on their hard drives, driving down energy consumption and enabling anyone with a computer to contribute.
In this episode we talk to Anton Learner, Core Team Lead at Spacemesh.
Sponsorship inquiries: sponsor@softwareengineeringdaily.com
The post Spacemesh: A New Consensus Protocol Anton Learner appeared first on Software Engineering Daily.
92 episódios
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