Tech Talks Daily

1037: What You Need To Know About Proofs Of Space Time (PoST)


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Spacemesh is a fairly-mined programmable cryptocurrency platform powered by a novel proof-of-space-time (PoST) consensus protocol which is provenly secure, proof-of-work free, race-free, and highly incentive-compatible.

The platform is designed to achieve three main objectives; to create a fair cryptocurrency that will become a global means of payment; to ensure the fair distribution of that cryptocurrency; and to establish a global programmable infrastructure for tokenized apps, communities and economies.

Spacemesh is created, maintained, and secured by ordinary people from around the world who run the software on their existing desktop computers. Anyone can join the decentralized Spacemesh blockchain computer without requiring permission, simply by committing some of the free space on their hard-drives. Running energy-density proof-of-work (PoW) computations or buying a dedicated expensive mining hardware is not required.

I wanted to find out more about how it is resistant to Application-specific integrated circuits (ASICs) and has fewer barriers-to-entry than proof-of-stake (PoS) based blockchains. I also wanted to learn more about its vision to become the core Internet protocol for blockchain computation and is fully open-sourced.

Spacemesh co-founder Aviv Eyal joins me on the show to talk about the road ahead for the company. I learn how this entrepreneur and technologist has a passion for building consumer digital products and services that are useful, innovative, easy to use, and have a great user experience.

Aviv is also a universalist software designer that has a track-record building high-quality full-stack systems, native apps, server, and backend stacks all the way from conception, design, project management to production, and users growth with small teams and limited resources.

Over the years, he has been serving mainly in Co-Founder/CTO roles in innovative startups, where he always makes hands-on product and technology contributions while also driving the higher-level strategic technology decisions, team building, and growth, and IP.

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Tech Talks DailyBy Neil C. Hughes

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