The world of cryptocurrency and blockchain technology is a rapidly evolving sector that has grown tremendously in popularity in recent years. However, the original philosophy of crypto and blockchain has been altered by interests in capital gain and convenience, eroding the founding ethos of the technology. This was not acceptable to today’s guests, Arthur and Kathleen Breitman, who decided to build a blockchain technology that ensured the original spirit of the technology was preserved. Arthur and Kathleen are the creators of Tezos, a public blockchain that enables decentralized governance by allowing self-amendments. In today’s conversation, we dive into the underlying Tezos protocol and discover the various ways people are applying it. We learn what a rollup is, the different versions of rollups, and what data availability is as a concept. Hear about their approach to scaling, how scaling has changed from a research to an engineering problem, and why the Breitman’s believe gaming will catalyze the next wave of users of blockchain technology.
Key Points From This Episode:
- Background about our guests and what got them interested in crypto.
- The motivation for Arthur and Kathleen to build their own blockchain.
- How the narrative around cryptocurrencies has evolved and where Tezos fits in.
- How Arthur and Kathleen formed the idea of on-chain governance as a middle ground.
- An outline of the upsides and downsides to the on-chain governance approach.
- The shift in motivation and ethos of the average crypto-user.
- Past updates and the current state of the network.
- Whether scaling is achieved by upgrading the core or Layer 2.
- What data availability is as a concept and why it is essential.
- A breakdown of a rollup and the various approaches to scaling.
- What rollup approach the Tezos network uses to scale.
- The many ways people are using the Tezos network.
- How Arthur and Kathleen measure the growth and use of the Tezos network.
- What they think will cause more people to adopt the network in the future.
- Why venture capitalists have become interested in cryptocurrencies.
- Comparing the railroads of the 1900s with public blockchains that exist today.
- Ways in which capitalization of crypto and blockchain technology will be overcome.
- An outline of the future for Tezos and how the community is involved.
- Arthur and Kathleen’s take on the regulatory environment and how it’ll change in the future.
