Chapter
The Importance of Blockchain in Finance
53:23 - 1:01:27 (08:03)
The blockchain makes it impossible to cheat and provides a platform where transparency can be maintained in finance. This could mean less reliance on the legal system and courts in financial matters.
Clips
Unlike some projects where the code is considered fixed in stone, Charles Hoskinson, CEO of IOHK, explains the importance of being able to adjust and adapt in the cryptocurrency industry instead of being rigid as it leads to disaster.
53:23 - 54:39 (01:15)
Summary
Unlike some projects where the code is considered fixed in stone, Charles Hoskinson, CEO of IOHK, explains the importance of being able to adjust and adapt in the cryptocurrency industry instead of being rigid as it leads to disaster. Hoskinson highlights the importance of the Cardano's sign algorithm that adjusts and evolves with needs ensuring that every time there are adjustments, a vote must be orchestrated at 90% of the stake.
ChapterThe Importance of Blockchain in Finance
Episode#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
PodcastLex Fridman Podcast
The blockchain industry needs leaders to propagate its vision and create a more stable project.
54:39 - 57:57 (03:17)
Summary
The blockchain industry needs leaders to propagate its vision and create a more stable project. Blockchain technology also provides a perfect platform for logging votes and wishes to guarantee fair expression of opinions.
ChapterThe Importance of Blockchain in Finance
Episode#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
PodcastLex Fridman Podcast
The legal system and courts are the first guarantee of financial growth and prosperity, however, blockchain can make stress essentially automatic and make it impossible to cheat, ensuring transparency without the need for court intervention.
57:57 - 1:01:27 (03:30)
Summary
The legal system and courts are the first guarantee of financial growth and prosperity, however, blockchain can make stress essentially automatic and make it impossible to cheat, ensuring transparency without the need for court intervention. Blockchain ideas can revolutionize other aspects of our world as well.