The choices in front of us were, should we directly use Bitcoin should we build a separate network? Which is what Ethereum did, or should we build on something that is sharing the compute power of Bitcoin, which is what Namecoin is doing with merge mining. Someone sent it to me privately, and there was a fork of Bitcoin called Namecoin, which is still around, it’s a semi dead project at this point, but it’s still around, but it used to be the number two or number three alt coin on Coin Market Cap back then. Started digging deeper into how blockchains can be used for solving some of these problems.Īt that time, there was Bitcoin, but then there were some Bitcoin forks as well. ![]() We discovered blockchains and we’re super excited about it. Blockchain have very natural elegant solutions for these things. Or you’re trying to figure out more secure ways of distributing your cryptographic keys on the internet. ![]() Imagine if you’re trying to build a more secure, more decentralized DNS system, domain name system. To continue the story a little bit, we quickly discovered blockchains as a very elegant solution for some of the problems that we were trying to solve. We last had you on five years ago, which is 50 years in normal time. For people who measure time in Bitcoin, Bitcoin was at $90.įriederike : Okay. They were very supportive and even funding that from a homemade venture.įriederike : How long ago did you guys start the project? But it’s not like we have sense of any business models. If it’s successful, it would likely have an ecosystem around it. ![]() We’re building this technology in a completely open-source way. We raised venture capital and interestingly in the early days, we are very fortunate to have people on the Wallroom Account or 圜ombinator and Union Square Ventures who effectively funded us perfectly, knowing that we are hacking on open source technology and have no business models in mind for 10 plus years. I think that was the motivation that let’s try to take a stab at this very ambitious thing of trying to upgrade the internet, but do it in the industry. How do you actually take some of these ideas and get millions or billions of people out in the world to use it? Otherwise, I think it just feels you’re just sitting in a bubble, in a research lab trying out different ideas. I always felt that the real challenges are in that step. They would build prototypes, they would write research papers about it, but it would never really get commercialized or adopted in the real world. We have actually seen a bunch of efforts in academia where, at Stanford, for example, there was a product called Clean Slate Intern Design. I was pretty much working on cloud computing effectively during the early part of my grad school and then got pulled into this really ambitious idea of not just, a clean slate next generation, internet design, but not doing it in academia. For people who are not that familiar with distributed systems, think of that as the computer scientists who work on internet protocols or operating systems or these large scale network systems data centers and so on. Personally, I’ve just been doing research work in distributed systems for 10, 15 years before starting the project. ![]() We were actually focusing on building more secure, more decentralized internet infrastructure, internet protocols, not nothing to do with crypto in the beginning. I did a PhD in distributed systems at Princeton university, and this is where the project started as well at the other computer science department at Princeton. My background is actually in computer science. For those who haven’t watched that previous episode, how did you get involved in crypto and this whole blockchain thing? My name is great to have you back on again.įriederike : Maybe give us a little bit of a recap of your background because I’m not sure how many of the same listeners we have from five years ago. It’s really great to have old veterans back on the show to give updates on the state of what they’re working on. He is the one of the co-founders of the Blockstack or Stacks project and the CEO of a company called Hero when he was on the show quite a long time ago, over five years ago, talking about the same project actually, but many iterations ago and back then it was called one name. Moreover, For some markets we offer depth, it is the amount that is available for trading at +/- 2% of the current Stacks market price.Friederike : We’re here today with Medea Ali. * The Volume by Exchange is the total number of trades that took place for this coin. * Stacks stock symbol is STX, with this symbol it's traded on all cryptocurrency exchanges in our base.
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