THE FUTURE OF BLOCKCHAIN IS NOT BLOCKCHAIN LUKE ANGELL Events and - - PowerPoint PPT Presentation
THE FUTURE OF BLOCKCHAIN IS NOT BLOCKCHAIN LUKE ANGELL Events and Partnerships Manager BLOCKCHAIN FUTURE FESTIVAL 2019 WHAT SEEMS TO BE THE PROBLEM? Two entities: transactions and blocks Miners are gatekeepers Miners are not accountable
LUKE ANGELL
Events and Partnerships Manager
BLOCKCHAIN FUTURE FESTIVAL 2019
Two entities: transactions and blocks Miners are gatekeepers Miners are not accountable Fee market is uncertain Trade-off between security and cost Negative balance of resources Outside incentives are ignored
BLOCKCHAIN IN DAG DAG (O (OBYTE TE) Access Through block producers Direct Consensus Block producers decide Everyone runs a “reality test” based on witnesses
BLOCKCHAIN IN DAG DAG (O (OBYTE TE) Access Through block producers Direct Consensus Block producers decide Everyone runs a “reality test” based on witnesses
Security Based on internal economy Based on real world stakes
Spam protection No resource bleed to the outside like PoW Certain Fair 1 Byte of currency = 1 byte of transaction data
EASE OF USE CHATBOTS TEXTCOINS
Easy to create a private network Best in class multi-signature wallet Private transactions: Blackbytes Simple distribution method: Bot Store Developer friendly Identity and accredited investor attestation for compliant sale of security tokens out of the box
Unbreachable contracts User controlled identity Payments that can be easily sent over any network Easy to develop apps that connect all of the above Built on open and scalable dag-based technology Fully functional today Wide adoption