Click to download audio version Support the show, consider donating:
1L19WwToTupNCiay9w4Zdg7uMwuU2isKDL (http://bit.ly/2jHyAwM) There is no doubt
that proof of work, introduced in the Bitcoin white paper, has stood the test of
time as a robust and resilient Byzantine Fault Tolerant consensus mechanism.
However, many issues may prevent Nakamoto Consensus from securely scaling over
the long term. The risk of validator centralization, network forking, block
scarcity and high energy costs required to mine a block have all been
extensively debated with no realistic long-term solutions to date. A new paper
titled "Algorand" attempts to addresses these problems. We're pleased to be
joined by Professor Silvio Micali, a computer scientist at MIT, who is known for
his work in many of the technologies blockchains rely on today. As one of the
co-inventors of zero-knowledge proofs, he has been decorated with a number of
prizes and awards, including the Turing Award, which he received in 2012 for his
work in cryptography. Prof. Micali describes the concept of Algorand, an
alternative approach to proof of work which offers high security guarantees
while allowing the network to scale with demand. Relying only on a trivial
amount of computation to validate transactions, Algorand also reduces the
probability of network forks to near-zero. It uses novel mechanisms to select
validators for blocks and enabling them to come to consensus on them. Topics
discussed in this episode: Links mentioned in this episode: Sponsors: This
episode is also available on : Watch or listen, Epicenter is available wherever
you get your podcasts. Epicenter is hosted by Brian Fabian Crain, Sébastien
Couture & Meher Roy.
1L19WwToTupNCiay9w4Zdg7uMwuU2isKDL (http://bit.ly/2jHyAwM) There is no doubt
that proof of work, introduced in the Bitcoin white paper, has stood the test of
time as a robust and resilient Byzantine Fault Tolerant consensus mechanism.
However, many issues may prevent Nakamoto Consensus from securely scaling over
the long term. The risk of validator centralization, network forking, block
scarcity and high energy costs required to mine a block have all been
extensively debated with no realistic long-term solutions to date. A new paper
titled "Algorand" attempts to addresses these problems. We're pleased to be
joined by Professor Silvio Micali, a computer scientist at MIT, who is known for
his work in many of the technologies blockchains rely on today. As one of the
co-inventors of zero-knowledge proofs, he has been decorated with a number of
prizes and awards, including the Turing Award, which he received in 2012 for his
work in cryptography. Prof. Micali describes the concept of Algorand, an
alternative approach to proof of work which offers high security guarantees
while allowing the network to scale with demand. Relying only on a trivial
amount of computation to validate transactions, Algorand also reduces the
probability of network forks to near-zero. It uses novel mechanisms to select
validators for blocks and enabling them to come to consensus on them. Topics
discussed in this episode: Links mentioned in this episode: Sponsors: This
episode is also available on : Watch or listen, Epicenter is available wherever
you get your podcasts. Epicenter is hosted by Brian Fabian Crain, Sébastien
Couture & Meher Roy.
