CoinDesk Podcast Network
THE MINING POD: Bitcoin Blockspace As Electrical Markets With Leo Zhang
Jul 9, 2024
Leo Zhang, Co-founder of Alkimiya Protocol, talks about their trading solution for Bitcoin blockspace, offering wallets, miners & traders a way to manage fees. The platform could enable on-chain transactions even with high fees, creating a new commodity for miners. Topics include hash rate speculation, block space management, transaction fee volatility, building on Bitcoin, and Bitcoin Season Two products.
42:54
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Quick takeaways
- Alchemia Protocol helps miners hedge against fee volatility, balancing Bitcoin blockspace long-term fees.
- Bitcoin Season 2 focuses on enhancing Layer 2 ecosystem with innovative projects attracting new developers.
Deep dives
Alchemia: A Solution to Volatility in Transaction Fees in the Mining Industry
Alchemia, a unique project, addresses the volatility in transaction fees occurring in the mining industry by allowing miners to hedge against hash power. Initially mining-oriented, the project aims to assist miners in mitigating production risk by offering an instrument to hedge out their downside. The tool has garnered success among miners, providing a clear solution to partially hedge their production risk, assisting in securing steady revenues.
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