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Everything You Need To Know About DoubleZero | Austin Federa

8 snips
Dec 11, 2024
Guest
Austin Federa
Austin Federa, co-founder of DoubleZero and former head of strategy at the Solana Foundation, shares his vision for revolutionizing internet infrastructure. He discusses the innovative DoubleZero project, focusing on enhancing blockchain connectivity and optimizing transaction speeds. Austin emphasizes the need for decentralized systems and introduces a new Oracle product, Edge, which promises real-time data solutions. He also reveals plans for leveraging underused fiber networks to combat tier-one service provider dominance in the digital landscape.
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INSIGHT

Internet Efficiency vs. Cost

  • The internet excels at connecting any two devices globally with reasonable speed.
  • However, it prioritizes cost over speed and efficiency, resulting in unpredictable routes.
ANECDOTE

Packet Routing Example

  • Tracing a packet's route reveals its convoluted journey, often bouncing between multiple cities.
  • This prioritization of cost over direct routes is a fundamental aspect of how the internet operates.
INSIGHT

Double Zero's Network Approach

  • Double Zero aims to leverage private networks, optimized for latency, for blockchain communication.
  • This approach contrasts with the public internet's focus on cost minimization over speed.
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