Summary of What's in store for leading blockchains? | Unfold 2022

00:00:00 - 00:50:00

The panel discusses the future of leading blockchains, noting that there is still much to be done before the technology is widely adopted. They also share statistics about the popularity of various blockchain applications.

• 00:00:00 The panel discusses the significance of Ethereum's merge with Bitcoin, and how it will effect the entire industry. They also discuss the philosophical and technological reasons behind the merge.
• 00:05:00 This video discusses how Ethereum's upcoming Proof of Stake system will not add any scalability to the base layer, but instead should allow for more widespread adoption of the technology. Additionally, Sandeep Goenka mentions that the move will hopefully excite those who were on the sidelines due to Ethereum's past issues with scalability.
• 00:10:00 According to the speaker, one of the problems that applications are facing during this cycle is the lack of an infrastructure piece - such as a stablecoin - that can help to ease the transition from one cycle to the next. Although this may be a temporary issue, the speaker believes that developers will eventually be able to build the necessary infrastructure.
• 00:15:00 According to the speaker, the next step for leading blockchains is scalability and usability. He believes that by 2021, there will be 5 million to 10 million users, and by 2022, they will be able to support 50 million users. He also discusses the concept of remote accounts, which will allow users to keep their assets connected and work correctly without needing to register an account explicitly. Finally, he discusses privacy, arguing that blockchain is not actually a privacy tool, but rather a tool for transparency and agreement. This will be necessary for building institutional or enterprise applications, as they will not be able to put everyone's data out right.
• 00:20:00 The speaker discusses the challenges of being an entrepreneur in the 21st century, specifically relating to the development of web 3. They go on to say that while web 3 is a necessary step, it is not the only challenge. Tokenomics and teambuilding are also challenges that need to be considered when starting a business.
• 00:25:00 The speaker discusses the challenges of being a leader in the blockchain space, emphasizing the importance of being open and clear with stakeholders. He also points out the importance of being able to adjust one's perspective as new information emerges about better alternatives to blockchain.
• 00:30:00 The ecosystem of blockchains is growing increasingly complex, with different technologies and programs catering to different groups of users. Stockware, a platform that offers reduced gas costs for transactions, has introduced its first offering, Stark X, to the market.
• 00:35:00 The speaker discusses the various blockchains available, their features, and how to get started using them. The main points are that there are two types of polygon chains - public chains which are open to anyone, and dedicated chains for businesses. Supernet is a blockchain built on Edge Framework which is an open framework.
• 00:40:00 The video discusses the future of leading blockchains, focusing on the idea of having a pluggable sidechain model with a spectrum of security and privacy options. It discusses the various blockchains and their features, and discusses the work the team is doing to make cash ubiquitous. Finally, the video ends with a question from the audience.
• 00:45:00 The speaker discusses how the community feels about blockchains and how the technology can be brought to mainstream audiences. They also mention an example of a team that showed up out of nowhere and implemented a new technology in a short amount of time.
• 00:50:00 The panel discusses the future of leading blockchains, noting that there is still much to be done before the technology is widely adopted. They also share statistics about the popularity of various blockchain applications.