Topic: Smart Contracts
Blockchains, the State of the Crypto Ecosystem, Proof-of-Stake, and Figment Networks :: with Lorien Gabel, Andrew Cronk, and Tony Little
In this episode of Ventures we dive into all-things blockchains, the state of the ecosystem, the evolution of the industry (especially since 2017), the nuances between Proof-of-Work and Proof-of-State, and the suite of services that Figment Networks provides. Guests: Lorien Gabel, Andrew Cronk, and Tony Little.
Smart Contracts vs. Application-Specific Blockchains
Besides the addition and subtraction of numbers on a distributed ledger (i.e. cryptocurrencies), blockchains hold the power to provide most — if not all — of the services that centralized computing can provide. Thus, as the community of builders continues to grow, we have seen the very beginning of not only decentralized money, but also decentralized file storage, computing services, financial services, real-life asset ownership records, supply-chain management, personal identity, energy distribution, health records, governance, and more.