Transitioning from BitTorrent to Bitcoin Bram Cohen, the founder and CEO of Chia Network, discusses his transition from BitTorrent to Bitcoin and the common thread of network protocol engineering.
Bitcoin's Decentralized Database Cohen explains how Bitcoin's decentralized secure database works using computational work and lottery tickets. He also highlights its limitations in handling transactions per second.
Proof-of-Space: A Greener Alternative Cohen introduces the concept of proof-of-space as a greener alternative to mining cryptocurrencies like Bitcoin. He emphasizes utilizing storage capacity for consensus without excessive electricity consumption.
'Chea' - A Green Perspective on Cryptocurrency Mining The discussion delves into Chea's goal of being less wasteful than Bitcoin by leveraging space instead of power for consensus. The potential benefits include decentralization and utilization of over-provisioned storage capacity worldwide.
Improving Cryptocurrency Functionality Chia aims to improve upon existing cryptocurrency functionality with features such as smart transactions, multi-sig wallets, cold key security measures, net settlement payment channels, liquidity support mechanisms.
'Cryptocurrency & Regulatory Concerns' Addressed President Trump’s recent comments about cryptocurrency are addressed by Cohen who clarifies that bitcoin is indeed money but expresses concern about scams exploiting regulatory loopholes in banking regulations.