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

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

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Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies episodes

  • Vlad Zamfir: Bringing Ethereum Towards Proof-of-Stake with Casper

    With Proof-of-Stake (PoS) a blockchain is secured not by spending an external resource such as electricity but by using value internal to the chain itself. The promise of higher security at a lower cost is what also drives Ethereum to plan a move away from Proof-of-Work to PoS in the future.

    Ethereum researcher Vlad Zamfir, who leads their effort in the complex search for the optimal PoS consensus system joined us for an in-depth discussion of the challenges of PoS, the approach Casper is taking and what consensus in Ethereum land could look like in the future.

    Topics covered in this episode:

    • How he became interested in consensus and Proof-of-Stake (PoS)
    • Why Ethereum plans to switch to the PoS systems Casper in the future
    • What the Long-Range Attack and Nothing-at-Stake problems are and how Casper addresses them
    • How a betting mechanism is used to get validators to reach consensus
    • What centralization pressures exist for validators and what operating a validator will look like
    • The role of security deposits in Casper
    • The difference between Tendermint and Casper
    • Whether forks create big UI/UX issues for Casper
    • Why Casper is very light client friendly
    • Episode links:

      • Introducing Casper - Ethereum Blog
      • Review of Casper, Ethereum’s proposed Proof of Stake Algorithm
      • Casper Protocol Specification
      • Slasher, Ghost and Other Developments in Proof-of-Stake
      • Epicenter Bitcoin Episode 58 with Vitalik Buterin on Proof-of-Stake
      • This episode is hosted by Brian Fabian Crain. Show notes and listening options: epicenter.tv/105

        1 hr 12 min
      • EB105 – Vlad Zamfir: Bringing Ethereum Towards Proof-Of-Stake With Casper
        Support the show, consider donating: 1FNPtiqcHnNW2Bxx27T3UTNiJNVAmRkvPv (http://bit.ly/1N6TbI9)
        With Proof-of-Stake (PoS) a blockchain is secured not by spending an external resource such as electricity but by using value internal to the chain itself. The promise of higher security at a lower cost is what also drives Ethereum to plan a move away from Proof-of-Work to PoS in the future.
        Ethereum researcher Vlad Zamfir, who leads their effort in the complex search for the optimal PoS consensus system joined us for an in-depth discussion of the challenges of PoS, the approach Casper is taking and what consensus in Ethereum land could look like in the future.
        Topics covered included:
        - How he became interested in consensus and Proof-of-Stake (PoS)
        - Why Ethereum plans to switch to the PoS systems Casper in the future
        - What the Long-Range Attack and Nothing-at-Stake problems are and how Casper addresses them
        - How a betting mechanism is used to get validators to reach consensus
        - What centralization pressures exist for validators and what operating a validator will look like
        - The role of security deposits in Casper
        - The difference between Tendermint and Casper
        - Whether forks create big UI/UX issues for Casper
        - Why Casper is very light client friendly
        Links mentioned in this episode:
        - Introducing Casper - Ethereum Blog http://bit.ly/1ONermJ
        - Review of Casper, Ethereum’s proposed Proof of Stake Algorithm http://bit.ly/1YcWG1G
        - Casper Protocol Specification http://bit.ly/1Nzi8GI
        - Slasher, Ghost and Other Developments in Proof-of-Stake http://bit.ly/1NziInC
        - Epicenter Bitcoin Episode 58 with Vitalik Buterin on Proof-of-Stake http://bit.ly/1PKdHNK
        Sponsors:
        - Hide.me: Protect your privacy and personal data with a free VPN account at Hide.me/epicenter
        Show notes: http://epicenterbitcoin.com/podcast/105
        Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture.
        - Visit our website: http://epicenterbitcoin.com
        - Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter
        - Twitter: http://twitter.com/epicenterbtc
        1 hr 12 min
      • #105 Vlad Zamfir: Bringing Ethereum Towards Proof-of-Stake with Casper
        With Proof-of-Stake (PoS) a blockchain is secured not by spending an external resource such as electricity but by using value internal to the chain itself. The promise of higher security at a lower cost is what also drives Ethereum to plan a move away from Proof-of-Work to PoS in the future. Ethereum researcher Vlad Zamfir, … Continued
        1 hr 11 min
      • Giyom Lebleu: The Gyft of the Blockchain and Improving Prepaid Cards

        Businesses with the alleged potential to become the next Google are plentiful in Bitcoin-land, but finding actual commercial success is a lot harder. The best example of a commercial success is gift card company Gyft that became known as the first place to give access to a wide range of merchants for bitcoin holders and later achieved the largest exit so far in the crypto space in an acquisition by payments company First Data.

        Gyft CTO joined us to talk about how he got involved in FinTech, what makes gift cards so interesting and how recently Gyft has been trying to reinvent gift cards by using the power of the blockchain.

        Topics covered in this episode:

        • Giyom’s early involvement in FinTech in the early 2000s
        • His previous projects Bernal Bucks and Credibles that explored gift cards and alternative currencies
        • Why gift cards are a great place for financial innovation
        • The mechanics of gift cards today and why their security is broken
        • How Gyft Block can improve the security of gift cards using the blockchain
        • Why Gyft moved their gift cards off the Bitcoin blockchain onto private blockchains
        • Giyom’s view on the utility of Bitcoin and private blockchains
        • Episode links:

          • Giyom's blog
          • Gyft’s Giyom Lebleu: Following Linux ‘The Most Likely Path for Bitcoin’ [CoinJournal]
          • Future of Money Interview. Part I. On Credibles and owning digital currencies issued by brands you love
          • Gyft
          • Payments giant First Data acquires Gyft in an effort to bring digital gift cards to the masses [Pando]
          • Gift Block
          • Bernal Bucks
          • Credibles
          • This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/104

            1 hr 7 min
          • EB104 – The Gyft Of The Blockchain And Improving Prepaid Cards
            Support the show, consider donating: 1BuVozeVxo6BcBRKvHp1f4M7yYapPLx8uC (http://bit.ly/1HrpXkN)
            Businesses with the alleged potential to become the next Google are plentiful in Bitcoin-land, but finding actual commercial success is a lot harder. The best example of a commercial success is gift card company Gyft that became known as the first place to give access to a wide range of merchants for bitcoin holders and later achieved the largest exit so far in the crypto space in an acquisition by payments company First Data.
            Gyft CTO Giyom Lebleu joined us to talk about how he got involved in FinTech, what makes gift cards so interesting and how recently Gyft has been trying to reinvent gift cards by using the power of the blockchain.
            Topics covered included:
            - Giyom's early involvement in FinTech in the early 2000s
            - His previous projects Bernal Bucks and Credibles that explored gift cards and alternative currencies
            - Why gift cards are a great place for financial innovation
            - The mechanics of gift cards today and why their security is broken
            - How Gyft Block can improve the security of gift cards using the blockchain
            - Why Gyft moved their gift cards off the Bitcoin blockchain onto private blockchains
            - Giyom's view on the utility of Bitcoin and private blockchains
            Links mentioned in this episode:
            - Giyom's blog: http://bit.ly/1LQfI8u
            - Gyft’s Giyom Lebleu: Following Linux ‘The Most Likely Path for Bitcoin’ [CoinJournal]: http://bit.ly/1LQfEp7
            - Future of Money Interview. Part I. On Credibles and owning digital currencies issued by brands you love: http://bit.ly/1Op2tQ3
            - Gyft: http://bit.ly/1cp7DcP
            - Payments giant First Data acquires Gyft in an effort to bring digital gift cards to the masses [Pando]: http://bit.ly/1WwxOEP
            - Gift Block: http://bit.ly/1MIo5GC
            - Bernal Bucks: http://bit.ly/1HrzNht
            - Credibles: http://bit.ly/1Ea975M
            Sponsors:
            - Shapeshift: Buy and sell alt coins instantly at http://ShapeShift.io
            - Hide.me: Protect your privacy and personal data with a free VPN account at Hide.me/epicenter
            Show notes: http://epicenterbitcoin.com/podcast/104
            YouTube: https://youtu.be/xg1OBq6-EsA
            Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
            - Visit our website: http://epicenterbitcoin.com
            - Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter
            - Twitter: http://twitter.com/epicenterbtc
            1 hr 7 min
          • Emin Gün Sirer & Ittay Eyal: Bitcoin-NG – Scientists Versus the Church

            One of the concerns confronting the Bitcoin community is that of scaling the transaction throughput rate: How do we go from the current rate of approx. 5 transactions per second to a thousand times that?

            In this episode, we talk to Emin Gun Sirer and Ittay Eyal from Cornell University regarding Bitcoin NG; a next generation Bitcoin blockchain design that addresses some protocol based limitations preventing Bitcoin from increasing transaction throughput.

            Their proposal also enables fast (initial) transaction confirmations on the order of 10-20 seconds.

            Topics covered in this episode:

            • Metrics to measure the security and fairness properties of Nakamoto consensus as implemented in Bitcoin.
            • A network emulation of Bitcoin designed by their team to study properties of Bitcoin network.
            • Technical design of Bitcoin NG
            • Concerns with Bitcoin NG
            • Impact of Bitcoin NG on various stakeholders if it is adopted in the main Bitcoin network.
            • Episode links:

              • Bitcoin-NG White Paper
              • Bitcoin-NG: A Secure, Faster, Better Blockchain
              • Bitcoin-NG and the Blockchain Test bed (Scaling Bitcoin Workshop Slides)
              • This episode is hosted by Meher Roy and Sébastien Couture. Show notes and listening options: epicenter.tv/103

                1 hr 10 min
              • EB103 – Emin Gün Sirer & Ittay Eyal: Bitcoin-NG, Scientists Versus The Church
                Support the show, consider donating: 18wPYDA78Erbhjfskq1bAH87T5oiWejmha (http://bit.ly/1kmAhQv)
                One of the concerns confronting the Bitcoin community is that of scaling the transaction throughput rate: How do we go from the current rate of approx. 5 transactions per second to a thousand times that?
                In this episode, we talk to Emin Gun Sirer and Ittay Eyal from Cornell University regarding Bitcoin NG; a next generation Bitcoin blockchain design that addresses some protocol based limitations preventing Bitcoin from increasing transaction throughput.
                Their proposal also enables fast (initial) transaction confirmations on the order of 10-20 seconds.
                Topics covered include:
                - Metrics to measure the security and fairness properties of Nakamoto consensus as implemented in Bitcoin.
                - A network emulation of Bitcoin designed by their team to study properties of Bitcoin network.
                - Technical design of Bitcoin NG
                - Concerns with Bitcoin NG
                - Impact of Bitcoin NG on various stakeholders if it is adopted in the main Bitcoin network.
                Links mentioned in this episode:
                - Bitcoin-NG White Paper: http://arxiv.org/pdf/1510.02037v1.pdf
                - Bitcoin-NG: A Secure, Faster, Better Blockchain: http://hackingdistributed.com/2015/10/14/bitcoin-ng/
                - Bitcoin-NG and the Blockchain Test bed (Scaling Bitcoin Workshop Slides) https://scalingbitcoin.org/montreal2015/presentations/Day1/8-Ittay-eyal-testbed-for-bitcoin-scaling.pdf
                Sponsors:
                - Ledger Nano: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EB09 at http://ledgerwallet.com (valid until 09/30/15)
                - Hide.me: Protect your privacy and personal data with a free VPN account at Hide.me/epicenter
                Show notes: http://epicenterbitcoin.com/podcast/103
                SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-103
                Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture and Meher Roy.
                - Visit our website: http://epicenterbitcoin.com
                - Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter
                - Twitter: http://twitter.com/epicenterbtc
                1 hr 10 min
              • Flavien Charlon: Openchain – Centralized Digital Assets Without Blockchains or Consensus

                Among the dividing themes in the Bitcoin space is the idea of public versus private blockchains. While some argue that private and permissioned blockchains can offer better scalability and lower latency for enterprises, others insist the Bitcoin blockchain will offer the best level of security and robustness longterm. Recently, projects have emerged that propose the best of both worlds by leveraging both off-chain and on-chain transactions.

                This is the idea behind Openchain, an “open source distributed ledger technology, suited for organizations wishing to issue and manage digital assets in a robust, secure and scalable way.” Openchain uses a client-server model where there is only one authoritative validating node. Read-only observer nodes keep the central node honest by auditing transactions in real time. About every 10 minutes, a copy of the Ledger, and its transactions, is hashed and inserted into a Bitcoin transaction so that it can be fossilised in the blockchain.

                We’re joined by Flavien Charlon, the one-man operation behind Predictious, Coinprism, the Open Transactions Protocol and now Openchain. We talk about this fascinating new software, which aims to offer enterprises a digital ledger protocol that is highly scalable while enjoying the benefits of the Bitcoin blockchain for immutability.

                Topics covered in this episode:

                • Flavien gives an update on Coinprism and his other projects
                • The Openchain protocol and what it’s trying to achieve
                • The technical architecture of Openchain and the client-server model it implements
                • How Openchain uses the Bitcoin blockchain to “anchor” transactions into every block
                • Openchain’s consensus model
                • The ability for Openchain to interoperate with other ledgers and blockchains
                • Flavien’s thoughts on what the ecosystem might look like in 10 years
                • Episode links:

                  • Openchain
                  • Openchain Docs
                  • This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/102

                    1 hr 14 min

                  About Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

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                  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.

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