Masternodes and the Future of Crypto Mining

https://is1-ssl.mzstatic.com/image/thumb/Podcasts125/v4/f0/2b/10/f02b1062-3fa6-931c-ee51-adcbf85d07e9/mza_14007792135642904269.jpeg/600x600bb.jpg

The Medium Rules: Long-Term Trends in Media and Technology

Alan Baldachin, and produced by HBA Studios

21 episodes

6 months ago

Conversations with founders, investors and thought leaders in the orbit of HBA's tech and media ecosystem and beyond. How are media and technology companies conceived, how do they scale, and how do they interact with the broader social, economic and political culture we live in today and that we will inhabit in the future. This is a show about innovation and its effects on our lives, hosted by HBA's managing partner and head of media and technology, Alan Baldachin.

Hosted on Acast. See acast.com/privacy for more information.

All content for The Medium Rules: Long-Term Trends in Media and Technology is the property of Alan Baldachin, and produced by HBA Studios and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Hosted on Acast. See acast.com/privacy for more information.

Masternodes and the Future of Crypto Mining

The Medium Rules: Long-Term Trends in Media and Technology

1 hour 6 minutes 58 seconds

7 years ago

Masternodes and the Future of Crypto Mining

As blockchain technology evolves, more and more blockchain networks are adopting a “proof of stake” concept with respect to operation and governance as opposed to a “proof of work” concept. But what does this mean, and why is this important? And, further, how should we think about these two modalities in terms of the broader blockchain ecosystem whether it be from a technical perspective or from the perspective of an investor.

In this episode of The Medium Rules, Alan Baldachin sat down with two of the four co-founders of the New York City-based startup Blockstake, Inc. to canvas a variety of topics related to the blockchain in general and proof of stake mining in particular. Blockstake is a crypto mining startup solely focused on blockchain networks based on proof of stake, whereby network participants can earn rewards in the form of more network tokens based on “staking” a certain amount of tokens up front. In exchange for staking, these trusted network participants earn the right to run “masternodes” which perform a variety of functions on the network, including transaction verification as well as governance. Tom McLaughlin is the CEO of Blockstake and David Wodka is the COO, and both Tom and David bring a wealth of enthusiasm and expertise to bear in a lively and wide-ranging discussion covering the basics of blockchain technology (hint: think of a decentralized version of the early aughts Napster network), masternodes and proof of stake mining versus proof of work mining, as well as the origin story of how Blockstake got its start. At the end of the podcast, we try and take a step back and look into the future to identify long-term trends with respect to the blockchain, as well as emerging projects that are of interest to Tom and David.

Resources:

The Masternode Manifesto by Tom McLaughlin - https://medium.com/blockstake/masternode-manifesto-682bf182891a

Blockchain Compliance Alliance Mission Statement - https://medium.com/blockchain-compliance-alliance/mission-statement-17841702eb6d

The Crypto Bear Market Manifesto - https://medium.com/blockstake/crypto-bear-market-manifesto-dd2107d925f8

Hosted on Acast. See acast.com/privacy for more information.