Spacemesh: A New Consensus Protocol Anton Learner

56:07
 
Share
 

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on October 10, 2021 05:54 (6d ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Manage episode 295307926 series 1418007
By Software Engineering Daily. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Proof of Work cryptocurrency mining, as used on the Ethereum and Bitcoin blockchains, requires huge amounts of energy to validate transactions and generate new tokens. The alternative, Proof of Stake, needs large deposits of assets to be staked up front in order to work. While both consensus protocols have their own drawbacks, they are the current industry standards.

The company Spacemesh developed a new consensus protocol with the goal of powering an energy-efficient, decentralized, secure, and scalable smart contracts global computer and a cryptocurrency in the permissionless settings. They call their protocol Proof of Space Time which works on a blockmesh structure rather than a blockchain. The Spacemesh protocol allows newcomers to contribute to the security of the cryptocurrency network via unused storage space on their hard drives, driving down energy consumption and enabling anyone with a computer to contribute.

In this episode we talk to Anton Learner, Core Team Lead at Spacemesh.

Sponsorship inquiries: sponsor@softwareengineeringdaily.com

The post Spacemesh: A New Consensus Protocol Anton Learner appeared first on Software Engineering Daily.

1601 episodes