31 min
Controlling Your Identity & Money with Mark Anstead, Co-founder of Numio The DIVI Crypto Podcast
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- Business
Today we’re talking with Mark Anstead, co-founder of Numio, a project that aims to simplify and fast-track blockchain adoption. Numio is a cryptocurrency payments app that gives you more control over your identity and money.
Mark first got into crypto in 2014 when he bought his first bitcoin. However, he didn’t know much about it and soon sold it all off. It wasn’t until 2017 that he really entered the crypto scene. He began working with a few different firms, and since then has started two companies, with Numio being the most recent.
Numio aims to give more control over identity and money. For identity control, they’re building out a layer 2 focused application. For identity, they’ve developed a few management solutions that can get you either KYC verified or can prove yourself to third parties without exposing personal data or information.
In these current times, gas fees are through the roof. Numio aims to combat this in two manners, one being a gasless transaction. This can be done on the Ethereum base layer using meta transaction. This allows you to have an app that interacts with a relayer. When someone wants to make a transaction, the app will interact with Ethereum on their behalf. For a gasless transaction, you don’t actually have to have ETH in your wallet.
There are a variety of ways you can scale, but there are pros and cons with whatever solution you use. Whether it’s with scalability, finality, security, or supporting smart contracts, each method has its drawbacks. Without smart contracts, a lot of solutions wouldn’t be able to function. Numio uses implementation using a ZK (zero-knowledge) rollup. While some platforms can do two thousand to three thousand transactions per second, ours does about three hundred per second but has more security, can interact with smart contracts, and can scale with Ethereum. Mark says they’re still about eighteen to twenty-four months away from ETH 2.0. The next six to twelve months we’ll see every Ethereum project migrate to some form of scaling solution. Mark says there are a lot of solutions to look into and explore with every project boiling down to what fits.
To learn more go to numio.one, find them on Telegram, or follow them on Twitter @getnumio. To follow Mark on Twitter @thesharp7. Mark encourages anyone that’s interested to get involved in the ecosystem.
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Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
Today we’re talking with Mark Anstead, co-founder of Numio, a project that aims to simplify and fast-track blockchain adoption. Numio is a cryptocurrency payments app that gives you more control over your identity and money.
Mark first got into crypto in 2014 when he bought his first bitcoin. However, he didn’t know much about it and soon sold it all off. It wasn’t until 2017 that he really entered the crypto scene. He began working with a few different firms, and since then has started two companies, with Numio being the most recent.
Numio aims to give more control over identity and money. For identity control, they’re building out a layer 2 focused application. For identity, they’ve developed a few management solutions that can get you either KYC verified or can prove yourself to third parties without exposing personal data or information.
In these current times, gas fees are through the roof. Numio aims to combat this in two manners, one being a gasless transaction. This can be done on the Ethereum base layer using meta transaction. This allows you to have an app that interacts with a relayer. When someone wants to make a transaction, the app will interact with Ethereum on their behalf. For a gasless transaction, you don’t actually have to have ETH in your wallet.
There are a variety of ways you can scale, but there are pros and cons with whatever solution you use. Whether it’s with scalability, finality, security, or supporting smart contracts, each method has its drawbacks. Without smart contracts, a lot of solutions wouldn’t be able to function. Numio uses implementation using a ZK (zero-knowledge) rollup. While some platforms can do two thousand to three thousand transactions per second, ours does about three hundred per second but has more security, can interact with smart contracts, and can scale with Ethereum. Mark says they’re still about eighteen to twenty-four months away from ETH 2.0. The next six to twelve months we’ll see every Ethereum project migrate to some form of scaling solution. Mark says there are a lot of solutions to look into and explore with every project boiling down to what fits.
To learn more go to numio.one, find them on Telegram, or follow them on Twitter @getnumio. To follow Mark on Twitter @thesharp7. Mark encourages anyone that’s interested to get involved in the ecosystem.
--
Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
31 min