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The lack of a specific governance mechanism has actually produced deep problems for Bitcoin. Ethereum, with the DAO-related soft/hard-fork discussions, might face similar obstacles ahead. Yet, currently in 2014 Arthur Breitman quietly started dealing with cryptocurrency network Tezos that has a specific mechanism to let coinholders vote on protocol upgrades.
Our conversation with Breitman focused around how specific governance could cause a more protected and evolutionary method. We also went over Tezos' technique to smart contract that attempts to avoid bug-riddled and insecure clever contracts such as the DAO which has tossed Ethereum into a deep crisis.
Subjects covered included:
- Why stakeholders voting on forks can avoid agreement attacks
- The mechanics of Tezos' governance
- How an upgrade system might allow Tezos to rapidly and significantly progress
- Why the programs language where wise contracts are written is essential for security
- Why a functional language that enables formal evidences such as OCaml is more fit for smart agreements than Ethereum's solidity
- The roadway ahead for Tezos
Links mentioned in this episode:
- Tezos website
- Tezos position paper [PDF]
- Tezos whitepaper [PDF]
Sponsors:
- Jaxx: Wallets that Unify the Blockchain Experience Across Devices jaxx.io
- GTEC: Blockchain Development Award epicenterbitcoin.com/gtec!.?.!Show keeps in mind YouTube SoundCloud Epicenter Bitcoin is hosted by
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