Filecoin Launch! What is the hype about?


Manage episode 274583680 series 2562963
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Youtube: LBRY:!-What-is-the-hype-about-:7?r=JBjAdauAdeysMGVDbHMJpNSQzbcMyqYg Quick bytes: 0:08 The G20, comprising countries across every continent, announced it’s working with the IMF, the World Bank, and the Bank for International Settlements to formalize the use of central bank digital currencies. 1:00 released “EOS-IO for Business.” The idea is that Private databases will be replaced by high performance private blockchains. 1:23 Ownership of Electric Coin Company, the developer of zcash, is being transferred to a US non-profit. Minezcash told me: “As a 501c non-profit ECC will have greater transparency and accountability requirements. Now all development funds from block rewards will be going to non-profit organizations.” 2:18 Today Filecoin launched their mainnet. Filecoin is a decentralized data storage and distribution network that will potentially compete with storage giants like AWS, dropbox, and content delivery networks like Cloudflare. Erik Voorhees says: “this is easily one of the most professionally built, carefully-executed, and *valuable* projects that has emerged from the ICO era.” I chatted to Coindesk senior reporter, Brady Dale, about how it works. If you would like to send me a message and support my channel, visit Sign up for the free cryptobeat newsletter here: Sign up for the members-only newsletter here and get access to exclusive content by becoming a member of NBTV!

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