10 things learnt from James Show with Bram Cohen. - Part 1.
Bram cohen is the founder of chia token.
https://jas.simplecast.com/episodes/722-how-can-chia-solves-cryptocurrencys-problem-with-bram-cohen
Preview
1. Bitcoin ecosystem uses tons of energy while sitting idle.
0
Transaction, rewards creates out a new block in the chain which consumes lots of energy. No mining means no energy usage while minning.
2. Bittorrent used to swarm distribution.
0
Meaning distribute the item into smaller chunk across available space on people's computer.
3. Bandwidth is most underutilized resource.
0
Bandwidth transmitters are like Pipe, if nothing goes through it, it is getting underutilized.
4. Bittorrent is first successful decentralised distribution.
0
Mojo nation came with similar idea but it failed due to multiple reasons which gave birth to bittorrent.
5. Bittorrent is a protocol instead of website, just like http.
0
6. Any uploading/downloading across bittorrent is happening across client who choose to use the bittorrent protocol.
0
7. No anonymity is present within bittorrent.
0
8. As per bram, engineering in eth is worse than bitcoin.
0
9. Fed helps in keeping the buying power of dollar stable.
0
10. Vast majority of crypto coins are taking eth or bitcoin codebase, making some changes over them and claiming it to be newer.
0
No comments.