EPISODE · Jul 25, 2024 · 1H 16M
🚨Unfiltered Crypto Insights 25th July 🚨 Live with RA George (Blockchain DXB) and Markose Chentittha (Society X) : Live via LinkedIn at 10:00 AM GST
from Blockchain DXB · host Blockchain DXB
Blockchain DXB & Society X Live Session Topic: Double Spending + Pillars of Open Blockchain + Blockchain Trillema and its Implications, followed by a Weekly Cryptocurrency and Blockchain World recap. Speakers: George (RA George) and Markose Chentittha Date & Time: [Date], 10:00 am GST Understanding Double Spending: Definition and implications in digital currencies. How Satoshi Nakamoto addressed double spending using cryptography, hashing algorithms, and mathematics. Innovations by Satoshi Nakamoto: Did Satoshi invent new technology or build on existing concepts? Double Spending in Various Systems: Potential for double spending in permissioned blockchains, CBDCs, and stablecoins. The ability to freeze accounts and its impact on security. Pillars of Open Blockchain: Open-source: Accessibility of the code and whether centralized entities like Facebook and Twitter can adopt open-source practices. Dangers of open-source: Security and terrorism threats, geolocation issues, and code amendments. Permissionless Systems: Lack of KYC/AML and opting for these measures. Tokenization and borderless nature compared to restricted systems like CBDCs and permissioned blockchains. Censorship Resistance: Can miners censor transactions? The process of validating transactions and the implications for privacy. Neutrality and Comparisons: The value of neutrality in countries like India, UAE, and Zimbabwe. Comparisons with banking: Longer processes, extra KYC, additional fees, and documentation. Public Verification: The potential for CBDCs to offer public verifiability, but concerns over manipulation. Blockchain Trilemma: Balancing scalability, decentralization, and security. Ethereum Spot Trading Goes Live: Current downturn in the crypto market. Recent large-scale transactions by Mt Gox and Grayscale and their market impact. Speculations about buying Solana. Stablecoin Developments: New stablecoins pegged to the Hong Kong dollar and South African Rand. Anticipation of UAE's AED-backed stablecoins. Discussion on whether stablecoins are superior to fiat currencies. Crypto Market Insights: DeFi spike in the UAE. Stablecoin volumes were showing improvement but are still below 2020 levels. Consistent trends from DEX to CEX. Decentralized Apps (DApps): Metrics for evaluation: $$$ value versus wallet interactions. Comparisons with platforms like Tinder, Instagram, and Messenger in terms of ad revenue. Society X Updates: Blockchain DXB Updates: - Upcoming podcast episode on Payment Token Regulations.
Embed this episode
Ready to play
🚨Unfiltered Crypto Insights 25th July 🚨 Live with RA George (Blockchain DXB) and Markose Chentittha (Society X) : Live via LinkedIn at 10:00 AM GST
No transcript for this episode yet
Similar Episodes
No similar episodes found.