>Each of these middle-layer protocols captures the value of the staking, commission, and other protocol usage fees, in the same way that blockchain layer protocols capture value (for example, the computational power provided by Ethereum). The economy created by that incentivized, differentiated middle-layer protocol stands to be much larger than the economy created by the more commoditized, computation-driven blockchain protocol layer. In fact, I predict that a few of these protocols tied to larger application categories like commerce and social networking will create decentralized local economies that are more than $100 trillion in size, with the tokens in those few protocols capturing massive value much bigger than any blockchain layer token, including the leading cryptocurrency, Bitcoin.
The fact that Sergey sat down with Tom is great. If you could pick one guy with connections it’s him.
Founded in 2013, Seven Peaks’ mission is to give entrepreneurs throughout the Pacific Northwest an “unfair advantage” in building and scaling their businesses by not only providing them with capital but access to experience, expertise and networks that can help them execute on their vision.
>The crypto asset market has lost more than 85 percent of its market cap from its peak. But to me, a committed crypto entrepreneur, this is actually a good thing, and the future of crypto looks more promising than ever
The Depository Trust & Clearing Corporation (DTCC) has advanced its main blockchain project to a testing phase with 15 global banks, one of the last steps before taking the tech live. Announced today, U.K.-based Barclays is among the global banks participating in the test, while the other 14 were not named. Together they will be kicking the tires of DTCC’s distributed ledger and cloud-based platform for its credit derivatives Trade Information Warehouse (TIW).
>derivatives
So what we learnt from firechat? Sergey said his personal opinion was that derivatives would be first. So did one of the dev. Derivatives, then insurance and shipping later this year on the mainnet.
i dont see anyone else sitting down with the guy who revolutionized how contracts work. tom sees something.
Brayden Gray
Chainlink is aiming to be the http/https protocol for the blockchain world but instead of connecting users to websites it connects smart contracts to apis.
"a few of these protocols tied to larger application categories like commerce and social networking will create decentralized local economies that are more than $100 trillion in size,"
