In this episode, we catch up with Phil Daian once again to dig deeper into the idea of cryptocommodities and storage rent. Cryptocommodities are defined as the resources used for blockchain transactions - for example blockchain memory or computation (such as Ethereum's gas) - and storage rent is the idea of issuing a payment for use of these resources per unit of time instead of as a one-time fee.
We discuss how the storage rent idea is becoming increasingly relevant as blockchain technology becomes more widely adopted, and the challenges in implementing this into existing systems.
Phil is a researcher with IC3 and PhD student at Cornell Tech as well as the creator of GasToken and member of Project Chicago.
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