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    Business

    Epicenter – Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

    Epicenter brings you in-depth conversations about the technical, economic and social implications of cryptocurrencies and blockchain technologies. Every week, we interview business leaders, engineers academics and entrepreneurs, and bring you a diverse spectrum of opinions and points of view.

    Epicenter is hosted by Sebastien Couture, Brian Fabian Crain, Friederike Ernst, Meher Roy and Felix Lutsch. Since 2014, our episodes have been downloaded over 8 million times.

    Advertise

    Copyright: © CC BY-NC-SA

    • Apple Podcasts
    • Google Play
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    Latest Episodes:
    Rob Dawson: PegaSys – Enterprise-Grade Ethereum Protocol Engineering Jul 04, 2019
    Show notes

    We're joined by Rob Dawson, Head of Product at PegaSys. PegaSys is the protocol engineering spoke of ConsenSys, and the team building Pantheon, a Java implementation of the Ethereum client. The Pantheon client was built from the ground up as both a mainnet, and consortium chain client. Written in Java with an Apache 2.0 license, it benefits from being easily accessible to enterprises, who predominantly use that language. The PegaSys team has built additional features into the Pantheon client like privacy, permissioning, and the ability to deploy chains on IBFT, a consensus algorithm better suited for consortium networks of up to 40 validators. Working closely with other protocol teams (Geth and Parity), and being a founding member of the Ethereum Enterprise Alliance, PegaSys is also working towards Ethereum 2.0.

    Topics covered in this episode:

    • Rob’s background as an enterprise Java developer and how he became involved in the blockchain space
    • The role of PegaSys in the broader ConsenSys ecosystem
    • The Pantheon client and why they chose to build a new Ethereum client
    • The case for Java and why enterprise has a preference for this language
    • Pantheon’s unique features of privacy, permissioning, and performance
    • What is Istanbul BFT and how it differs from Parity POA and Tendermint BFT
    • The types of applications which are better suited for IBFT
    • The Ethereum Enterprise Alliance (EEA) and PegaSys’ work on standards
    • PegaSys’ work on Ethereum 1.x and Ethereum 2.0
    • The team's recently announced certification program

    Episode links:

    • PegaSys Website
    • Introducing Pantheon, a Mainnet Java Client - Demo & Roadmap (Devcon4)
    • Another day, another consensus algorithm. Why IBFT 2.0?
    • Scaling Consensus for Enterprise: Explaining the IBFT Algorithm
    • Blog Posts and Webinars - Pantheon
    • PegaSysEng/pantheon: An enterprise-grade Java-based, Apache 2.0
      licensed Ethereum client
    • PegaSysEng/artemis: Java Implementation of the Ethereum 2.0 Beacon
      Chain
    • Komgo

    Sponsors:

    • Trail of Bits: Trust the team at the forefront of blockchain security research - https://trailofbits.com
    • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks - http://aka.ms/epicenter

    This episode is hosted by Sebastien Couture. Show notes and listening options: epicenter.tv/294


    Stephen Palley: The Regulatory Landscape for Cryptocurrencies and the SEC's Case Against Kik Jun 25, 2019
    Show notes

    The complex and evolving regulatory landscape for cryptocurrencies has been a topic for many years. After a long period of waiting, the SEC started pursuing fraud causes in the last 1-2 years. But the recent lawsuit against Kik is the first time that the SEC goes after a large, non-fraud case.

    We were joined by lawyer Stephen Palley to discuss the Kik case, the US regulatory landscape and recent announcement of the Libra cryptocurrency promoted by Facebook.

    Topics covered in this episode:

    • The SEC lawsuit against Kik
    • The potential path of the process and how it could resolve in the end
    • Why the Kik case is unlikely to provide any regulatory clarity in the next few years
    • What a settlement in the Kik case could look like
    • Whether the Howey test is still a sensible way to regulate securities
    • How US regulators will deal with decentralized exchanges
    • Stephen's thoughts on Libra

    Episode links:

    • Annotated Guide to the SEC's Complaint against KIK - Katherine Wu
    • Kik and the SEC: What’s Going On and What Does It Mean for Crypto? -
      Katie Haun
    • Kin Sets Up $5 Million DefendCrypto.org to Take on the SEC - Unchained
      Podcast
    • SEC vs. Kik: The Lawyers Speak - CoinDesk
    • Episode 135 with Stephen Palley: Lawmodynamics – How to Sue a DAO
    • Stephen Palley on Twitter

    Sponsors:

    • Vaultoro: Trade gold to Bitcoin instantly and securely starting at just 1mg - http://vaultoro.com
    • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks - http://aka.ms/epicenter

    This episode is hosted by Brian Fabian Crain & Friederike Ernst. Show notes and listening options: epicenter.tv/293


    Bonus 2/2: Cosmos Validator Panel and Governance Debates – Interchain Conversations Berlin Jun 21, 2019
    Show notes

    This is part two of a two part bonus series. These sessions were recorded at the first Interchain Conversations conference which took place in Berlin on June 13th and 14th, 2019.

    The firs part of this bonus episode features the validator panel moderated by Brian Fabian Crain, Co-founder of Chorus One. The panel included Florian Liss of Staking Facilities, Hendrik Hofstadt of Certus One, Aurel Iancu of Dokia Capital, and Jun Soon Kim of stake.fish. The conversation goes into the role of validators beyond staking, ways in which we can avoid too much centralization, and how validators will differentiate in a market which tends towards homogeneity.

    The second part of this episode is a governance debate moderated by Sunny Aggarwal. The first topic is on plutocracy and features Jae Kwon and Rigel Rozanski. The second is about revokable governance and features Chris Goes and Jack Jampolin.

    Subscribe to Epicenter for new episodes every week.


    Bonus 1/2: “Epicenter Live” and a Chat with Jae Kwon of Cosmos – Interchain Conversations Berlin Jun 21, 2019
    Show notes

    This is part one of a two-part bonus series. These sessions were recorded at the first Interchain Conversations conference which took place in Berlin on June 13th and 14th, 2019.

    The first part of this episode is “Epicenter Live,” a live podcast recorded on stage at the event. It features hosts Meher Roy, Sunny Aggarwal, Brian Fabian Crain, and Sebastien Couture. In this conversation, we discuss the topic of blockchain interoperability. We look at how different projects address interoperability and seek to form a picture of how these projects might interact in a multi-blockchain future. We also discuss how these protocols address application comparability and speculate on how they will remain competitive.

    The second segment is the opening Q&A between Jae Kwon and Sebastien Couture. Among other things, Sebastien spoke with Jae about the recent Cosmos launch, the Interchain Foundation, and the future of the Tendermint company.

    Subscribe to Epicenter for new episodes every week.


    Hayden Adams: Uniswap – An Automated Decentralized Exchange for Ethereum Jun 18, 2019
    Show notes

    The concept of a decentralized exchange has been a holy grail in the cryptocurrency space for many years. Many attempts have been made, but most decentralized exchanges suffered from central points of failure, poor user experience and little liquidity.

    Launched during Ethereum's DevCon 2018, Uniswap is one of the first fully decentralized exchanges and managed to become the leading DEX very fast. We were joined by Uniswap Founder Hayden Adams to discuss Uniswap's unique model, the different participants in the protocol and the importance of decentralized exchanges for the blockchain space.

    Topics covered in this episode:

    • How Hayden's exploratory project to learn smart contract development took off and became Uniswap
    • How Uniswap works and its different participants
    • The advantage of an automated exchange instead of using order books
    • The role of liquidity providers in Uniswap
    • Feedback loops that can make Uniswap markets popular or collapse
    • The challenging economics of liquidity shares
    • Addressing Arthur Hayes' criticism of decentralized exchanges
    • Why Uniswap didn't create a tokeneconomic monetization model

    Episode links:

    • Uniswap Exchange Protocol
    • Uniswap Whitepaper
    • Uniswap: Getting Started & Documentation
    • Unisocks Exchange
    • Distributed 2018: Presentation about Decentralized Exchanges by Arthur Hayes (BitMEX)
    • Buidl Asia 2019 Conference in Seoul, Korea on July 22-23
    • HackAtom Seoul on July 19-21

    Sponsors:

    • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks - http://aka.ms/epicenter
    • Trail of Bits: Trust the team at the forefront of blockchain security research - https://trailofbits.com

    This episode is hosted by Brian Fabian Crain & Sunny Aggarwal. Show notes and listening options: epicenter.tv/292


    Tal Moran: Spacemesh – The Space-Time Consensus Blockchain Jun 11, 2019
    Show notes

    We're joined by Tal Moran, Chief Scientist at Spacemesh. This new consensus protocol is designed to run on home desktop PCs, filling free space on users' hard drives to create a Proof of Space-Time. The goal of this new blockchain protocol is to solve the issues with Proof of Work and Proof of Stake, that is, energy inefficiency on the one hand, and possible centralized plutarchy of rich validators on the other.

    Topics covered in this episode:

    • Tal's background as an academic and researcher
    • The problems with Proof of Stake and Proof of Work
    • What is Proof of Space-Time and how it works
    • How miners use their hard drive space to establish proofs
    • How randomness is generated in Spacemesh
    • Spacemesh's DAG architecture and how blocks are added to the chain
    • The tortoise and hare protocols proposed by Spacemesh
    • The Spacemesh team and recent funding round
    • The project's business model and roadmap

    Episode links:

    • Spacemesh
    • Spacemesh white paper
    • Tal's CESC18 talk in San Fransisco
    • Spacemesh on GitHub
    • Spacemesh on Twitter
    • Spacemesh on Medium
    • Interchain Conversations Berlin event – use code EPICENTER for discounted tickets
    • Cosmos Hackatom Berlin

    Sponsors:

    • Vaultoro: Trade gold to Bitcoin instantly and securely starting at just 1mg - http://vaultoro.com
    • Cosmos: Join the most interoperable ecosystem of connected blockchains - http://cosmos.network/epicenter

    This episode is hosted by Sebastien Couture & Friederike Ernst. Show notes and listening options: epicenter.tv/291


    Dominic Tarr: Secure Scuttlebutt – The “Localized” but Distributed Social Network Jun 04, 2019
    Show notes

    We’re joined by Dominic Tarr, a sailor, and the Founder of Secure Scuttlebutt. This curiously named project has a fascinating approach to creating a truly distributed social network. One might even say that Secure Scuttlebutt is “localized” as it gracefully degrades to Sneakernet, something few blockchain projects can claim. In actuality, the SSB protocol isn’t a blockchain in the traditional sense – each user’s feed acts as a sort of localized chain of posts, signed by their public key, and possibly encrypted for a friend's key to decrypt. When users meet, the system syncs their local databases using a gossip protocol and replicates the data. Encrypted data is transported from peer, to peer, to peer (or friends of friends) until it reaches its intended recipient. User may also optionally rely on public servers to sync data over the internet.

    Topics covered in this episode:

    • Daniels background and life living on a boat off the coast of New Zealand
    • How being at sea gave him the idea for Secure Scuttlebutt
    • What is Secure Scuttlebutt and what are the goals of the project
    • The issues with centralization and redefining decentralization as a positive statement
    • The notion that the technological singularity only serves the goals of centralized power
    • How SSB stores information and how posts get propagates from between friends, and friends of friends
    • How the network leverages “Pub” servers to sync data over the internet
    • Usage of the platform and the communities which thrive there
    • The cost of spam and how users protect against DDoS attacks
    • The project’s funding and roadmap

    Episode links:

    • Secure Scuttlebutt website
    • Scuttlebutt Protocol Guide
    • Manyverse mobile client
    • Designing a Secret Handshake: AuthenticatedKey Exchange as a Capability System
    • EfficientReconciliationandFlow ControlforAnti-Entropy Protocols
    • Scuttlebutt: an off-grid P2P social network that runs without servers and
      can fall back to sneakernet
    • The Nomad Who’s Exploding the Internet Into Pieces
    • Counter-Anti-Disintermediation
    • “The Third Web” interview with Dominic Tarr
    • Dominic Tarr on Twitter

    Sponsors:

    • Trail of Bits: Trust the team at the forefront of blockchain security research - https://trailofbits.com
    • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks - http://aka.ms/epicenter

    This episode is hosted by Sebastien Couture & Friederike Ernst. Show notes and listening options: epicenter.tv/290


    Dan Robinson: Rainbow Network – Off-Chain Synthetics Exchange or “Multicolored Lightning” May 28, 2019
    Show notes

    We’re joined by Dan Robinson, a research partner at Paradigm, and the author the “Rainbow Network” paper. The paper describes an off-chain decentralized synthetics exchange which leverages payment channels. The Rainbow Network is based on the idea that “rainbows are basically just multicolored lightning,” borrowing from the concepts used in the Lightning Network. The protocol relies on trusted oracles and allows participants to trade any type of liquid asset off-chain. All that is necessary to complete a transaction is an on-chain payment channel collateralized by a single asset. Though it is still at the idea stage and has yet to be implemented, the Rainbow Network could have applications in prediction market and as a new type of decentralized exchange.

    Topics covered in this episode:

    • Dan’s background as a securities layer turned coder
    • His trajectory from working at Chain, to spending some time at Stellar, to joining Paradigm Fund
    • His involvement in the development of the Plasma Cash and Plasma Debit protocols
    • Thoughts and criticisms of using HTLC’s in Lightning
    • What is the idea behind Rainbow Network and how to understand it in the context of Lightning
    • What are synthetics assets and the ability to trade multiple assets in a single payment channel
    • The ability to have leverage in a Rainbow channel trade
    • Next steps in research and implementation
    • Dan’s contribution to the Ivey “smart contract” language for Bitcoin

    Episode links:

    • Rainbow Network white paper
    • Ivy Playground for Bitcoin
    • Mirror project
    • Paradigm
    • Dan Robinson on Medium
    • Dan Robinson on Twitter
    • Interchain Conversations Berlin event – use code EPICENTER for discounted tickets
    • Cosmos Hackatom Berlin

    Sponsors:

    • Cosmos: Join the most interoperable ecosystem of connected blockchains - http://cosmos.network/epicenter
    • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks - http://aka.ms/epicenter

    This episode is hosted by Sebastien Couture & Sunny Aggarwal. Show notes and listening options: epicenter.tv/289


    Jill Carlson: Open Money Initiative – Free Access to Finance as a Human Right May 22, 2019
    Show notes

    A common meme in the cryptocurrency space is that it has the potential to help people in countries where only the rich and powerful access to global financial markets. But ten years after the Bitcoin white paper was released, just how many “unbanked” people has cryptocurrency helped? Some see crypto as a tool to empower vulnerable populations in places where hyperinflation and strict capital controls make day-to-day survival a nearly impossible challenge.

    We’re joined by Jill Carlson. Previously at Chain and Tezos, Jill has been writing about the cryptocurrency industry for several years. In 2016 she published a paper titled “Cryptocurrency and Capital Controls” which observes the use of Bitcoin in Argentina. Recently, she co-founded the Open Money Initiative, a research organization which looks into how people use money in closed economies. Their initial focus is on Venezuela where years of economic downturn and strict currency controls have created a humanitarian crisis which has political repercussions well beyond the country’s borders.

    Topics covered in this episode:

    • Jill’s beginning working at Goldman Sachs in the Latin America market
    • Her journey from trading bonds to entering crypto space working at Chain
    • A brief history of Venezuela leading up to the current situation
    • What it’s like to experience hyperinflation
    • The Open Money Initiative and the organization’s goals
    • How cryptocurrency and specifically Bitcoin is used in Venezuela
    • The political motivations behind the Open Money Initiative
    • The story behind Venezuela’s Petro currency
    • Jill’s podcast with Meltem Demirors, What Grinds my Gears

    Episode links:

    • Jill Carlson’s website
    • Open Money Initiative
    • Petronomicon (blog post)
    • Crypto Is Not An Asset Class (blog post)
    • What Grinds my Gears podcast
    • Jill Carlson on Medium
    • Jill Carlson on Twitter

    Sponsors:

    • Cosmos: Join the most interoperable ecosystem of connected blockchains - http://cosmos.network/epicenter

    This episode is hosted by Sebastien Couture & Sunny Aggarwal. Show notes and listening options: epicenter.tv/288


    Aya Miyaguchi: The Role and Challenges of the Ethereum Foundation May 16, 2019
    Show notes

    The Ethereum Foundation has played a crucial role in the evolution of the blockchain ecosystem. They pioneered the Swiss foundation structure and ran one of the first token sales. They played a key role in developing the second-most valuable blockchain network and still play a key role in funding research and steering the future of Ethereum.

    At the same time, it has been frequently criticized for a lack of transparency, being too slow in funding development and poor financial risk management. Executive Director Aya Miyaguchi joined us to discuss her journey into the space, the role of the Ethereum Foundation and their plans for the future.

    Topics covered in this episode:

    • How Aya went from high school teacher to enter the crypto space
    • Joining Kraken and building their presence in Japan
    • The role of the Ethereum Foundation in the Ethereum ecosystem
    • Decision making processes and governance in the Ethereum Foundation
    • Ethereum's grant program and funding priorities
    • The Ethereum Foundation's plans to attempt to become more transparent
    • The Ethereum Foundation's approach to conflicts of interest
    • Why the EF decided to support MolochDAO
    • Whether Ethereum should be concerned about competition from other blockchain networks

    Episode links:

    • Ethereum.org
    • Ethereum Foundation to Spend $30 Million on Development Over Next Year
    • Ethereum Foundation Website
    • Ethereum Foundation Values by Aya Miyaguchi (Devcon4) - YouTube
    • Ethereum Devcon 5 Japan - Oct 30 to Nov 2
    • DappCon Berlin - August 21 to 23

    Sponsors:

    • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks - http://aka.ms/epicenter

    This episode is hosted by Brian Fabian Crain & Friederike Ernst. Show notes and listening options: epicenter.tv/287


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