Layer 1 blockchains kind of have their own internal warfare in crypto circles these days, with the likes (and communities) of Ethereum, Solana, Cardano, Elrond, NEAR and several others engaged in it on a daily basis. on Twitter and Discord.
A little out of the way – and with its own fans – is Radix, another Layer 1 blockchain in development since 2018. In that year’s testing, Radix demonstrated 1.4 million transactions per second (TPS), making it one of the fastest. and the most scalable blockchains to do so.
Today, Radix CEO Piers Ridyard joins Cryptonites host Alex Fazel on his podcast. Ridyard has spent more than five years in the cryptocurrency space, going from mining on Ethereum’s genesis block in early 2015 to founding and exiting a YCombinator company that built a decentralized trading room software for insurance companies in 2017.
Ridyard today discussed his plans for Radix, the future of DeFi and public consensus, and how crypto benefits the unbanked in underdeveloped economies. The episode is not to be missed!
Here are some previews of the show.
The maturation of DeFi
âSome of the highlights of DeFi in 2021 have been the maturity and maturation of the space, right. As if there had been that beginning of a Cambrian explosion of ideas that came out in DeFi Summer. It started with very solid projects that have been built for a very long time, such as Aave or MakerDAO. And then there was this sudden understanding of being able to put things together, and then yield farming came along. “
âHe’s suddenly gone through this very speculative bull run of what matters is capital and how you bring capital and cash into space. And now we’re starting to have more serious conversations about, well, how does that actually interface with mainstream finance? How to involve institutions, but this has also been one of the negatives, as the regulatory landscape is still uncertain, people are still worried about what the SEC will do and what its approach will be. “
âAnd every regulator in every country is still trying to figure out how to do it right. And I think we’re people who feel a bit like, and it’s not exactly the same because of the ICO boom of 2017, there was this huge optimism that blew up, but it didn’t. there were no real products that came out, right. So people were like, Oh, we’re going to have a token, banana token, or Apple token or like a market for work or whatever. But very little has actually been built.
âYou want the first layer (network) because basically that’s what you wanted for the Internet. Internet was designed Internet Protocol was designed around the concept of nuclear war where cities or entire continents could be destroyed. And it was designed to be tough and against that, and you want the same for the public ledger. “
“There is no reason you can’t have an authorization system on top of a decentralized public ledger, you have the best of both, you have this ability to go, I will comply with regulations. But the infrastructure on which it sits in the most secure infrastructure possible, that may be because of this anti-fragility, right. So I see that there is a lot of institutional capital that wants to move this capital into DeFi “
âFor good reason, there is a global yield famine, because of the amount of money that has occurred in terms of QE in terms of similarities, the government subsidies that are intervening in the way COVID has affected the world economy are very weak. room for capital to earn good returns in the real world. However, in DeFi we are fundamentally reinventing finance, and all of this innovation creates opportunities for returns. And all these institutions are sitting there and they’re like, âWow, I would really like to put some money in there. ”
Get a edge in the crypto-asset market
Access more cryptographic and background information in each article as a paying member of CryptoSlate Edge.
Register now for $ 19 / month Discover all the benefits
Like what you see? Subscribe for updates.