Why Altcoins are Technically Flawed
In this interview, Peter McCormack, host of What Bitcoin Did podcast, talks to Suredbits software engineer Nadav Kohen. They discuss why blockchains must scale with second layers, proof-of-stake vs proof of work, and tradeoffs of privacy technology.
00:01:35 What is a blockchain?
00:05:26 How are blocks added?
00:10:48 Final settlement
00:12:03 Blockchains tradeoffs
00:15:50 Ethereum tradeoffs
00:18:33 Running an Ethereum node
00:23:42 Smart contract risks
00:29:25 Long-term Ethereum risks?
00:35:00 Proof of Work
00:40:28 Proof of stake
00:47:35 Strong Foundations
00:53:17 Scaling Bitcoin on Lightning
00:58:02 Monero and Privacy
01:08:47 Discreet Log Contracts
The episode premiered on July 7, 2021.