This week we are joined by Raghav “Reggie” Jerath, serial entrepreneur, leadership and management professional, from Gath3r, to talk about different models in use to secure blockchain transactions.
We have talked in the past about the ‘proof of work’ consensus mechanism used in the Bitcoin blockchain, to process transactions and generate new coins as block rewards, but this is not the only approach. Other blockchains use different methods to secure the same alignment of incentives and ensure that the chain is safe from bad actors, while remaining decentralised and scalable. One of the largest alternative cryptocurrencies is currently embarked on transitioning to proof of stake instead of proof of work – so it’s important to understand the difference, and what it means for the future.
Find out more about Gath3r (especially if you’re a website owner who wants to explore an alternative to running ads on your site), and keep up with them on Twitter too.
And if you like what you hear, we’ll be sharing new episodes every fortnight. So please subscribe via your podcast app of choice.
And now you can join our NEW community on Facebook! Be one of the founding members, and join in the conversation.
And remember: nothing in this podcast or our related social media, nor anything else published by BlockSparks OU at any location, is intended as financial, investment or trading advice. Everything we share represents our personal opinions, for your information, education, and entertainment only. You should not make any decisions based on anything we share with you, not without undertaking independent due diligence and consultation with appropriate professional advisors. CryptoConfidence is all about being smart and informed and making the right choices for YOU.