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Tezos: Why On-Chain Governance Matters?
In this podcast episode, Nicolas Ochem, a Tezos core developer and founder of Midl.Dev explains the upcoming Oxford upgrade and the concept of adaptive issuance in the Tezos ecosystem. Ochem contrasts Tezos' on-chain governance approach to off-chain methods used in protocols like Bitcoin and Ethereum. He also discusses how adaptive issuance aims to optimize validator incentives and improve the protocol's security. He provides insight into Tezos' thoughts on liquidity, the scalability of blockchains, and the role of rollups in scaling solutions. The interview also touches on subjects such as tokenomics, the impact of AI on blockchain development, and the future of blockchain adoption.
Outline:
00:00 Introduction
00:48 Discussion on On-Chain Governance
06:47 Exploring the Oxford Proposal
09:14 Understanding Liquid Staking in Tezos
12:31 Adaptive Issuance and Changes to Slashing
21:34 Skin in the Game and Changes in Staking
24:06 Discussion on Liquid Staking Derivatives
27:44 Transition from Nakamoto to TenderBake Consensus Protocol
28:59 The Shift to pBFT Style Consensus and its Advantages
29:42 Future Plans for Reducing Finality to a Block Time
30:12 Understanding the Tez Token and its Value
31:08 The Concept of Ultrasound Money and its Implications
32:04 The Importance of Adaptive Issuance and Sound Money
34:09 The Future of Scalability in the Blockchain Ecosystem
34:30 The Rationale Behind Tezos' Rollup Centric Approach
41:13 The Concept of Ultra High Throughput Rollup
47:56 Adoption and the Blockchain Industry
50:38: Where Is the One Honest Party for a Rollup?
53:44 Governance: Pure Technical Upgrades vs. Upgrades with Economic Implications
57:30 Conclusion
Follow Laura & Sooraj:
/ dimoneymindset / soorajksaju2
Connect with Nicolas:
Twitter: / nicolasochem https://midl.dev/
Subscribe to the FREE daily Newsletter “Just The Metrics”:
https://justthemetrics.beehiiv.com/
Referenced in the show:
https://www.apriorit.com/dev-blog/blo...https://spotlight.tezos.com/announcin...https://www.tezosagora.org/learnhttps://research-development.nomadic-...https://forum.tezosagora.org/t/adapti... • Kevin Sekniqi & Sreeram Kannan || Sec... https://twitter.com/evan_van_ness/sta...https://research-development.nomadic-...https://blog.chain.link/scaling-the-e...https://academy.binance.com/en/glossa...https://justthemetrics.beehiiv.com/p/...https://l2beat.com/scaling/summaryhttps://academy.shrimpy.io/post/what-...https://chainstack.com/solving-the-bl...https://vitalik.ca/general/2023/06/09... • Tezos 2.0: The Next Era of Rollups - ... https://docs.sui.io/guides/operator/s...https://spotlight.tezos.com/etherlink...https://www.michelson.org/https://www.developerreport.com/https://nfthorizon.io/musee-dorsay-pa...https://xtz.news/en/tezos/moma/the-mo...
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By Laura and SoorajIn this podcast episode, Nicolas Ochem, a Tezos core developer and founder of Midl.Dev explains the upcoming Oxford upgrade and the concept of adaptive issuance in the Tezos ecosystem. Ochem contrasts Tezos' on-chain governance approach to off-chain methods used in protocols like Bitcoin and Ethereum. He also discusses how adaptive issuance aims to optimize validator incentives and improve the protocol's security. He provides insight into Tezos' thoughts on liquidity, the scalability of blockchains, and the role of rollups in scaling solutions. The interview also touches on subjects such as tokenomics, the impact of AI on blockchain development, and the future of blockchain adoption.
Outline:
00:00 Introduction
00:48 Discussion on On-Chain Governance
06:47 Exploring the Oxford Proposal
09:14 Understanding Liquid Staking in Tezos
12:31 Adaptive Issuance and Changes to Slashing
21:34 Skin in the Game and Changes in Staking
24:06 Discussion on Liquid Staking Derivatives
27:44 Transition from Nakamoto to TenderBake Consensus Protocol
28:59 The Shift to pBFT Style Consensus and its Advantages
29:42 Future Plans for Reducing Finality to a Block Time
30:12 Understanding the Tez Token and its Value
31:08 The Concept of Ultrasound Money and its Implications
32:04 The Importance of Adaptive Issuance and Sound Money
34:09 The Future of Scalability in the Blockchain Ecosystem
34:30 The Rationale Behind Tezos' Rollup Centric Approach
41:13 The Concept of Ultra High Throughput Rollup
47:56 Adoption and the Blockchain Industry
50:38: Where Is the One Honest Party for a Rollup?
53:44 Governance: Pure Technical Upgrades vs. Upgrades with Economic Implications
57:30 Conclusion
Follow Laura & Sooraj:
/ dimoneymindset / soorajksaju2
Connect with Nicolas:
Twitter: / nicolasochem https://midl.dev/
Subscribe to the FREE daily Newsletter “Just The Metrics”:
https://justthemetrics.beehiiv.com/
Referenced in the show:
https://www.apriorit.com/dev-blog/blo...https://spotlight.tezos.com/announcin...https://www.tezosagora.org/learnhttps://research-development.nomadic-...https://forum.tezosagora.org/t/adapti... • Kevin Sekniqi & Sreeram Kannan || Sec... https://twitter.com/evan_van_ness/sta...https://research-development.nomadic-...https://blog.chain.link/scaling-the-e...https://academy.binance.com/en/glossa...https://justthemetrics.beehiiv.com/p/...https://l2beat.com/scaling/summaryhttps://academy.shrimpy.io/post/what-...https://chainstack.com/solving-the-bl...https://vitalik.ca/general/2023/06/09... • Tezos 2.0: The Next Era of Rollups - ... https://docs.sui.io/guides/operator/s...https://spotlight.tezos.com/etherlink...https://www.michelson.org/https://www.developerreport.com/https://nfthorizon.io/musee-dorsay-pa...https://xtz.news/en/tezos/moma/the-mo...