28 min
Defining Robust Technology with Tushar Aggarwal The DIVI Crypto Podcast
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- Business
Today we’re talking with Tushar Aggarwal from Persistence, a company that aims to define a robust technology strategy across data, cloud, security, and blockchain for its customers. Tushar was investing in real estate with his parents and working as a management consultant for the banking industry when he started looking to invest in traditional startups. Instead, he came across crypto which was super hot in Singapore in 2016. Tushar started investing in crypto and by the end of 2017 he had made enough to quit his job. Next he started a podcast that led some traditional venture capitalists to get in touch with him. He met them casually but asked for a job right away. He was on-boarded a week later and helped with everything from funding and fundraising to structuring, both on the equity and token side. By this time he wanted to buy into the India crypto ecosystem and also wanted to become a developer not just an investor.
Persistence is in the business of creating financial applications for both retail and institutional folks. They’re focused on three different asset classes: proof of stake mining, synthetic assets, and anything and everything to do with NFT’s. Their primary focus is on proof of staking assets because of the opportunity it provides. Where Ethereum is a very general purpose blockchain, Persistence has multiple applications. The difference between Ethereum and PolkaDot is that PolkaDot believes in application specific chains. From a technology viewpoint, Persistence is a layer one. They’re more focused on actual use cases and what the chain itself can do than on innovating at the protocol level itself.
When staking tokens you get some sort of reward. When staking POS coins you’re taking part in consensus; that’s where the yield is coming from. The problem with staking is that now you can’t use that asset to do anything else, you’ve lost liquidity. Liquid staking issues you a representative coin that gives you ownership rights and can be used to supply liquidity. XPRT is a POS coin that secures the Persistence chain. The users take part in consensus and get part of the proceeds from the cash flow that is being generated from the applications in the Persistence ecosystem. In essence, it’s a work token.
To learn more visit pstake.finance or persistence.one where all social media accounts are linked.
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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 Tushar Aggarwal from Persistence, a company that aims to define a robust technology strategy across data, cloud, security, and blockchain for its customers. Tushar was investing in real estate with his parents and working as a management consultant for the banking industry when he started looking to invest in traditional startups. Instead, he came across crypto which was super hot in Singapore in 2016. Tushar started investing in crypto and by the end of 2017 he had made enough to quit his job. Next he started a podcast that led some traditional venture capitalists to get in touch with him. He met them casually but asked for a job right away. He was on-boarded a week later and helped with everything from funding and fundraising to structuring, both on the equity and token side. By this time he wanted to buy into the India crypto ecosystem and also wanted to become a developer not just an investor.
Persistence is in the business of creating financial applications for both retail and institutional folks. They’re focused on three different asset classes: proof of stake mining, synthetic assets, and anything and everything to do with NFT’s. Their primary focus is on proof of staking assets because of the opportunity it provides. Where Ethereum is a very general purpose blockchain, Persistence has multiple applications. The difference between Ethereum and PolkaDot is that PolkaDot believes in application specific chains. From a technology viewpoint, Persistence is a layer one. They’re more focused on actual use cases and what the chain itself can do than on innovating at the protocol level itself.
When staking tokens you get some sort of reward. When staking POS coins you’re taking part in consensus; that’s where the yield is coming from. The problem with staking is that now you can’t use that asset to do anything else, you’ve lost liquidity. Liquid staking issues you a representative coin that gives you ownership rights and can be used to supply liquidity. XPRT is a POS coin that secures the Persistence chain. The users take part in consensus and get part of the proceeds from the cash flow that is being generated from the applications in the Persistence ecosystem. In essence, it’s a work token.
To learn more visit pstake.finance or persistence.one where all social media accounts are linked.
--
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.
28 min