Agreement is Its Own Incentive - TOKEN2049 Singapore 2022
Explore the innovative world of blockchain with our enlightening talk, "Agreement is Its Own Incentive," delivered at TOKEN2049 in Singapore. This compelling session presents a nuanced perspective on blockchain technology, emphasizing the intrinsic value of agreement as an incentive, particularly within distributed systems.
The speaker delves into the transformative aspects of blockchain that have reshaped industries, such as decentralized coin distribution, censorship-resistant transactions, and secure dealings across untrusted parties. Unpacking the complexities of consensus protocols, the talk critiques traditional incentive-based methods—proof of work and proof of stake—highlighting their limitations for issuer-backed tokens that are tied to real-world assets.
A notable discussion revolves around the innovative "proof of agreement" protocol. This approach, as implemented by the Stellar blockchain, offers a viable alternative for token issuers who require robust security without the pitfalls of conventional incentive models. By facilitating low-cost, low-latency transactions and safeguarding issuers from double redemption attacks, proof of agreement emerges as a superior choice for stablecoins and tokenized securities.
Stellar’s consensus model, underpinned by the concept of quorum slices, ensures trusted consensus among known entities, showcasing notable operational success since 2015. Viewers will gain insights into Stellar’s real-world applications, including its strategic partnership with MoneyGram, enabling seamless conversion of stablecoins to cash globally.
Enhance your understanding of blockchain's evolving landscape and the critical role of consensus through this insightful presentation. Don't miss out on future discussions—like, comment, and subscribe for more cutting-edge content from TOKEN2049.
