Chapter
The Potential of Blockchain Technology
1:27:41 - 1:33:03 (05:22)
The use of blockchain technology has the potential to transform how we measure and manipulate value, and remove the need for middlemen. With the integration of programming language and the lack of encumbrances, the possibilities are endless.
Clips
Bitcoin exists to try and eliminate the need for trusted third parties when representing or moving value.
1:27:41 - 1:30:37 (02:56)
Summary
Bitcoin exists to try and eliminate the need for trusted third parties when representing or moving value. Its goal is to create a system where value can be teleported around the world without any trusted third-party involvement.
ChapterThe Potential of Blockchain Technology
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
Adding programming languages to blockchains can transform them from a static use case to almost anything you can imagine.
1:30:37 - 1:33:03 (02:25)
Summary
Adding programming languages to blockchains can transform them from a static use case to almost anything you can imagine. However, with new capabilities come new problems and issues, similar to the evolution of web browsers with the addition of JavaScript and subsequent advancements.