THE FUTURE OF BLOCKCHAIN IS NOT BLOCKCHAIN LUKE ANGELL Events and Partnerships Manager BLOCKCHAIN FUTURE FESTIVAL 2019
WHAT SEEMS TO BE THE PROBLEM? Two entities: transactions and blocks Miners are gatekeepers Miners are not accountable Fee market is uncertain Trade-off between security and cost Negative balance of resources Outside incentives are ignored
DIR IRECTED ACYCLIC GRAPH (D (DAG)
DAG VS BLOCKCHAIN BLOCKCHAIN IN DAG DAG (O (OBYTE TE) Access Through block producers Direct Everyone runs a “reality test” Consensus Block producers decide based on witnesses
REALITY TEST
DAG VS BLOCKCHAIN BLOCKCHAIN IN DAG DAG (O (OBYTE TE) Access Through block producers Direct Everyone runs a “reality test” Consensus Block producers decide based on witnesses Security Based on internal economy Based on real world stakes
FEES Spam protection No resource bleed to the outside like PoW Certain Fair 1 Byte of currency = 1 byte of transaction data
SCALABILITY BLOCKCHAIN DAG
EASE OF USE CHATBOTS TEXTCOINS
CORPORATE FEATURES Easy to create a private network Best in class multi-signature wallet Private transactions: Blackbytes Simple distribution method: Bot Store Developer friendly Identity and accredited investor attestation for compliant sale of security tokens out of the box
Unbreachable contracts User controlled identity Payments that can be easily sent over any network THANK YOU Easy to develop apps that connect all of the above Built on open and scalable dag-based technology Fully functional today Wide adoption
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