CoinDesk Podcast Network

THE PROTOCOL: Rootstock | Bringing the Ethereum Virtual Machine to Bitcoin


Listen Later

Rootstock Chief Scientist, Sergio Demian Lerner, regards the upcoming Bitcoin halving is a moment of celebration for the community and highlights the importance of transaction fees for the sustainability of the network.


This episode is sponsored by the Stellar Community Fund

Follow the show here for more.

In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk, dive into 

are joined by Sergio Demian Lerner, Chief Scientist at Rootstock, to discuss his research on the Patoshi pattern and the early mining of Bitcoin. He explains how he identified that Satoshi Nakamoto had mined approximately 1.1 million Bitcoins and had never spent them, which built trust in the system. Sergio also shares his insights on the upcoming Bitcoin halving and the importance of transaction fees for the sustainability of the network. 


Takeaways

  • Sergio Demian Lerner identified the Patoshi pattern, which revealed that Satoshi Nakamoto had mined approximately 1.1 million Bitcoins and had never spent them, building trust in the system.
  • The upcoming Bitcoin halving is a moment of celebration for the community and highlights the importance of transaction fees for the sustainability of the network.
  • Rootstock aims to bring the Ethereum Virtual Machine (EVM) to Bitcoin and focuses on financial inclusion and the use of Bitcoin collateralized stablecoins.
  • The cultures of Ethereum and Bitcoin differ in terms of complexity, centralization, and fragmentation, with Ethereum being more open and welcoming to developers.
  • The introduction of BitBM and the development of bridges on Bitcoin may lead to changes in the Bitcoin ecosystem, such as the addition of new opcodes for more efficient operations.

  • Chapters

    00:00 Uncovering the Patoshi Pattern

    13:51 Rootstock: Bringing the EVM to Bitcoin


    Sign Up for THE PROTOCOL NEWSLETTER 


    EPISODE LINKS |  

    Polygon Acquires Ethereum Scaling Startup Mir for $400M 

    Polygon Plans 'AggLayer,' in Bid to Synthesize Modular, Monolithic Blockchains 

    Polygon Releases 'Type 1 Prover,' Claiming Milestone Set by Ethereum's Vitalik Buterin 

    Polygon, StarkWare Tout New 'Circle STARKs' as Breakthrough for Zero-Knowledge Proofs  


    -

    From Our Sponsor: 

    The Stellar Community Fund (SCF) is an open-application awards program that draws on community input to support developers and startups building on Stellar and Soroban. Accelerate your web3 project today.

    Apply for Funding at communityfund.stellar.org

    -

    The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    ...more
    View all episodesView all episodes
    Download on the App Store

    CoinDesk Podcast NetworkBy CoinDesk

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    641 ratings


    More shows like CoinDesk Podcast Network

    View all
    The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network by The Investor's Podcast Network

    The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

    3,368 Listeners

    Unchained by Laura Shin

    Unchained

    1,208 Listeners

    Real Vision: Finance & Investing by Real Vision Podcast Network

    Real Vision: Finance & Investing

    906 Listeners

    CRYPTO 101 by Bryce Paul & Brendan Viehman

    CRYPTO 101

    41 Listeners

    The Breakdown by Blockworks

    The Breakdown

    739 Listeners

    The Pomp Podcast by Anthony Pompliano

    The Pomp Podcast

    1,841 Listeners

    Thinking Crypto News & Interviews by Tony Edward

    Thinking Crypto News & Interviews

    248 Listeners

    Bitcoin News Alerts | Daily BTC Macro Signal by Bitcoin News Alerts

    Bitcoin News Alerts | Daily BTC Macro Signal

    601 Listeners

    What Bitcoin Did by Danny Knowles

    What Bitcoin Did

    277 Listeners

    Bankless by Bankless

    Bankless

    1,052 Listeners

    The Wolf Of All Streets by Scott Melker

    The Wolf Of All Streets

    238 Listeners

    All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

    All-In with Chamath, Jason, Sacks & Friedberg

    10,205 Listeners

    Coin Stories with Natalie Brunell by Natalie Brunell

    Coin Stories with Natalie Brunell

    444 Listeners

    Raoul Pal: The Journey Man by Real Vision Podcast Network

    Raoul Pal: The Journey Man

    130 Listeners

    Simply Bitcoin by Simply Bitcoin

    Simply Bitcoin

    105 Listeners