The token and blockchain technology can help calculate the value of each person on your network and reward them appropriately, similar to the mechanism that built the PayPal network. Rockfin has some hurdles to overcome, but the bundling subscription feature could help expand its user base by building a network protocol.
Blockchains and block explorers make it easier to index information than the open web and social networks because they have an open state database in addition to open source code. Indexing the open web is difficult due to the sheer number of websites.
This episode delves into the potential of blockchain technology for India, which ranks third in the world in terms of internet usage but has just 10 million cryptocurrency users, and how it could provide a way out for the country from the dominance of the US and China in the tech industry.
The consensus mechanism in blockchain is designed to ensure that all copies of the database are in sync with each other. The mechanism is like a voting system in which every block created is voted on by multiple nodes to determine the true state of the database.
The interviewer describes a strange encounter with a potential blockchain developer job candidate who appeared to be avoiding direct questions and repeating buzzwords instead.
Citidao aims to create a decentralized on-chain city that utilizes blockchain technology to speed up transactions, reduce bureaucracy, and make land use transparent. The next steps for Citidao include voting on what gets built on the land and who gets to use it when, all through smart contracts.
This podcast discusses the potential of using blockchain technology to solve the issue of ticket stub fraud in the concert industry, where fake tickets and scalpers continue to be a problem.
