The Protocol

CoinDesk

Dive deep into the blockchain realm with The Protocol Podcast, where we unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum. Join us on a journey through the labyrinthine layers of blockchain innovation, as tech-savvy developers sculpt the future of finance and the decentralized web. Led by CoinDesk's adept journalists, we dissect the freshest news and project revelations, demystifying the mechanics and significance of it all for those hungry to grasp the inner workings of this dynamic and rapidly evolving industry. Meet your hosts: Brad Keoun, Sam Kessler, and Margaux Nijkerk…and tune in, techies!

  1. 08.07.2024

    The Significance of User-Owned AI and NEAR Protocol's Emphasis on Practical Applications

    NEAR’s co-founder Illia Polosukhin shares the need to shift from corporate-owned AI to models that benefit individuals and communities.  Follow the show here for more. This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk interview Illia Polosukhin, co-founder of NEAR Protocol. Polosukhin discusses the intersection of AI and blockchain technology, explaining how NEAR Protocol began as an AI project and evolved into a blockchain platform to address issues related to compensating collaborators. Takeaways NEAR Protocol started as an AI project and transitioned into a blockchain platform to address the challenge of paying collaborators.User-owned AI is crucial to ensure that AI models and systems benefit individuals and communities, rather than just corporations.Data availability is a fundamental component of blockchain technology, ensuring that all transactions are accessible and can be used to reconstruct the state of the blockchain.Chain abstraction allows users to interact with multiple blockchain networks without needing to understand the underlying technology or worry about transaction fees.NEAR Protocol is focused on solving real problems and finding use cases that drive the adoption of blockchain and AI technology. Chapters |  00:00 Introduction and Background of Ilya Polosukhin 05:20 The Disruptive Potential of AI 08:35 User-Owned AI 22:17 Chain Abstraction 26:15 Solving Real Problems with NEAR Protocol - Sign Up for THE PROTOCOL NEWSLETTER  EPISODE LINKS |   NEAR  Enter the Black Dragon: NEAR Co-Founder Joins the NEAR Foundation as CEO  - The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    25 мин.
  2. 28.06.2024

    Sui as a Global Coordination Layer for Intelligent Assets

    Adeniyi Abiodun envisions a long-term goal for Sui to develop a decentralized web stack, leading to a fully decentralized internet infrastructure. Follow the show here for more. This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk interview Adeniyi Abiodun, co-founder of Mysten Labs and the Sui blockchain,.They discuss the vision and goals of Sui as a global coordination layer for intelligent assets. Adeniyi highlights the importance of creating a blockchain accessible to developers outside the Web3 native community, focusing on usability and ease of adoption. He explains the differences between Sui and other blockchains, such as its object-based system and unlimited throughput, emphasizing Sui's potential in various industries, including gaming and AI, and the importance of bringing Web3 to Web2 users. Takeaways Sui aims to be a global coordination layer for intelligent assets, focusing on usability and accessibility for developers outside of the Web3 native community.The Sui blockchain differentiates itself with its object-based system and unlimited throughput, allowing for faster and more scalable transactions.Sui has applications in various industries, including gaming and AI, and aims to bring Web3 to Web2 users by providing seamless integration and improved user experiences.The upcoming release of Mysticeti, the new consensus engine, will further enhance the speed and efficiency of the Sui blockchain.The long-term vision of Sui is to build a decentralized web stack that encompasses various layers, including storage, bandwidth, and more, to create a fully decentralized internet infrastructure. Chapters |  00:00 Introduction and Background 02:20 Working at Facebook Meta 06:07 Comparison with Aptos and Move Language 09:21 SWE as the Blockchain for Developers 11:12 Differences between Move and Solidity 14:08 Bringing Web3 to Web2 20:07 Future Plans and Mississetti Consensus Engine 25:25 SWE's Vision: Coordination of Intelligent Assets 28:06 Asset Model and Non-Financial Applications 32:14 Importance of Mysticeti Consensus Engine Sign Up for THE PROTOCOL NEWSLETTER  EPISODE LINKS |  Sui Mysten Labs Sui Concepts Overview  Move Concepts | Sui Documentation  - The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    35 мин.
  3. 24.05.2024

    Clarity, Blockchain Integration, and the Wormhole Interoperability Initiative

    Dan Reecer, COO of the Wormhole Foundation, explains that open-source code and decentralization are essential for transparency and trust in the blockchain industry. Follow the show here for more. This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk interview Dan Reecer, the COO of Wormhole Foundation.  Wormhole is a messaging layer protocol that connects different blockchains, allowing for the transfer of assets and data. They discuss the Wormhole Interoperability Project and its recent token airdrop. Reecer, emphasizes the importance of open-source code and decentralization in the blockchain industry.  Takeaways |  Wormhole is a messaging layer protocol that connects different blockchains, enabling the transfer of assets and data.Wormhole recently conducted a token airdrop, rewarding token holders and aligning with power users who have contributed to the network.Controversies surrounding airdrops highlight the importance of transparency, fairness, and thoughtful allocation of tokens.The future of blockchain interoperability will likely involve collaboration between different protocols, with two to three winners emerging in the long term. Chapters |  00:00 Introduction and Overview 02:10 The Wormhole Token and Governance 04:22 Multi-Gov and DAO Voting 07:22 Governance Interoperability and Bridge Protocols 11:39 Addressing Bridge Flaws with Technologies like Storage Proofs 19:55 Building Connections Between Blockchains 24:12 Competition and Multiple Interoperability Solutions 26:01 Comparing Wormhole to Layer Zero 30:30 Influence of Jump Trading and Transparency 34:55 Lessons from Recent Airdrops 39:13 Conclusion and Wrap-Up Sign Up for THE PROTOCOL NEWSLETTER  EPISODE LINKS |   Wormhole - The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    41 мин.
  4. 17.05.2024

    Inside the MIT Brothers' Ethereum Exploit

    Flashbots’ Hasu discusses the recent MEV Boost exploit, emphasizing the ongoing MEV challenges and the need for decentralized solutions. Follow the show here for more. This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk interview Hasu, head of strategy at Flashbots and advisor to the Lido DAO. They discuss the recent exploit in the MEV Boost codebase, the Department of Justice's response, and the ongoing efforts to solve MEV. The conversation also covers restaking, Lido's role in the restaking ecosystem, censorship resistance, design differences between Eigenlayer and Symbiotic, and the future of Ethereum. Takeaways |  The recent exploit in the MEV Boost code base highlights the ongoing battle to solve MEV and the need for more decentralized solutions.Restaking is a market to rent economic security and work from an open market, and there are different approaches to restaking, such as native restaking and non-native restaking.Lido aims to make staked ETH the dominant asset in Ethereum DeFi and stimulate demand for renting security with StakeETH.The design differences between Eigenlayer and Symbiotic in the restaking ecosystem offer different trade-offs in terms of capital efficiency and spillover effects.Censorship resistance in Ethereum can be addressed through inclusion lists, private memepools, and geographical/geopolitical diversity in the network. Chapters 00:00 MEV Exploit and the Battle to Solve MEV 09:04 The Role of Lido in the Restaking Ecosystem 21:11 Swav: Fast, Private, and Decentralized Off-chain Computation 28:11 Restaking: Renting Economic Security 32:54 Design Differences: Eigenlayer vs. Symbiotic 39:02 StakeETH: Making Staked ETH the Dominant Asset 40:55 Addressing Censorship Resistance in Ethereum Sign Up for THE PROTOCOL NEWSLETTER  EPISODE LINKS |   How MIT Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M  Brothers Accused of $25M Ethereum Exploit as U.S. Reveals Fraud Charges  - The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    46 мин.
  5. 13.05.2024

    Blockchain Fundraising's New Frontier of Node Sales

    Node sales are becoming a popular fundraising method in the blockchain industry, where projects sell nodes instead of tokens or equity. Follow the show here for more. This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk; who discuss node sales, address poisoning, and the concept of account abstraction on Ethereum. The hosts also touch on the challenges of mainstream adoption of blockchain technology and the lack of standards in token launches. Takeaways |  Node sales are becoming a popular fundraising method in the blockchain industry, where projects sell nodes instead of tokens or equity.Address poisoning is a type of exploit where a victim is tricked into sending a legitimate transaction to the wrong wallet address.Account abstraction is a concept that aims to make crypto wallets on Ethereum easier to use and more versatile.The lack of standards in token launches and the challenges of mainstream adoption continue to be issues in the crypto industry. SoFund has a reward system where 20% of the total supply of their token, SOF, will be awarded as rewards to node buyers over the next three years.The distribution model for rewards and tokens can be a balancing act between satisfying investors and contributors to the ecosystem.Maximal extractable value (MEV) is a problem on the Ethereum blockchain where operators can front-run and extract profits from transactions, causing financial losses.Metamask has introduced smart transactions to combat MEV, offering lower fees, transaction transparency, and protection against front running.The development of different types of wallets and transaction systems is an ongoing effort to improve user experience and address complex technical challenges in the blockchain industry. Chapters | 00:00 The Rise of Node Sales 07:12 Account Abstraction on Ethereum 25:27 Understanding the Reward System and Distribution Model of SoFund 27:21 The Challenge of Balancing Rewards for Investors and Contributors 32:21 Exploring Maximal Extractable Value (MEV) on the Ethereum Blockchain 35:23 Metamask Introduces Smart Transactions to Combat MEV 41:31 Competition and Innovation in the Wallet Landscape 45:24 The Search for Solutions and Improvements in the Blockchain Industry Sign Up for THE PROTOCOL NEWSLETTER  EPISODE LINKS |  Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074'  sophon  Popular Crypto Wallet MetaMask Rolls Out 'Smart Transactions' to Combat Ethereum Front-Running  - The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    37 мин.
  6. 02.05.2024

    High Stakes | Intense Competition Among Layer Two Solutions

    The battle for supremacy among layer two solutions in crypto has projects vying to showcase their tech. Despite criticism, airdrops and token launches by Ren and Eigenlayer have faced user disappointment. This episode is sponsored by the Stellar Community Fund Follow the show here for more. This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk; they cover the story of Celo choosing Optimism as their layer two solutions, the vulnerabilities found on Optimism and the launch of tokens by Ren and Eigenlayer. Chapters 00:00 Introduction and Overview 01:43 Celo Chooses Optimism as Layer Two Solution 07:20 Vulnerabilities on Optimism and Layer Two Wars 16:31 Token Launches by Ren and Eigenlayer 28:14 Intersubjective Forking and Regulatory Uncertainties 34:46 The Crypto Industry as a Complex Game 37:04 Conclusion Sign Up for THE PROTOCOL NEWSLETTER  EPISODE LINKS |  Celo Chooses Optimism, Concluding Bake-Off Among Layer 2s  The Protocol: EigenLayer's 'Intersubjective Forking' Is Objectively Not Done What Is Restaking? What Is Liquid Restaking? What Is EigenLayer? EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN token Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync - From Our Sponsor:  The Stellar Community Fund (SCF) is an open-application awards program that draws on community input to support developers and startups building on Stellar and Soroban. Accelerate your web3 project today. Apply for Funding at communityfund.stellar.org - The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    36 мин.

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Dive deep into the blockchain realm with The Protocol Podcast, where we unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum. Join us on a journey through the labyrinthine layers of blockchain innovation, as tech-savvy developers sculpt the future of finance and the decentralized web. Led by CoinDesk's adept journalists, we dissect the freshest news and project revelations, demystifying the mechanics and significance of it all for those hungry to grasp the inner workings of this dynamic and rapidly evolving industry. Meet your hosts: Brad Keoun, Sam Kessler, and Margaux Nijkerk…and tune in, techies!