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In this episode of LAB Radio, Aaron Mangal discusses the Bitshares ecosystem, the Graphene engine that underlies it and algorithms like Delegated Proof of Stake (DPOS) with Kevin Messerly. Graphene was originally designed by Daniel Larimer who also founded Steemit and EOS. Kevin Messerly, Proxy and DEXBot Team Manager "I have six years experience as a cryptocurrency investor and advocate. Additionally, I have four years experience as a sales executive/account manager with a track record of high performance and strong work ethics. On top of that I have over fourteen years experience as an intelligence analyst for the United States Army and Department of Defense. I have successfully operated in high stress environments, requiring 13 hour shifts, six or seven days a week, throughout four deployments in Southwest Asia, South-Central Asia, and Africa for a total of 49 months." Graphene is the underlying technology that underlies BitShares and several other Cryptocurrency projects like Steemit and EOS. Graphene is an open source C++ blockchain implementation, which acts as a consensus mechanism. BitShares also has the ability to issued market pegged assets which are tied with real-time real world prices. The BitShares market pegged BitAssets system Ultimately, BitShares operates more as an equity rather than a purist “currency” since BTS tokens are used as collateral for a variety of decentralized financial services like decentralized exchanges, banking, derivative creation (of market pegged “bitAssets”) and currency rails. Thanks for checking out LAB Radio. After listening to this episode you will learn: Kevin's origin story and how he first discovered Cryptocurrency in 2011 Why BitShares, in particular, caught Kevin's eye How BitShares leverages a suite of services including a DEX, bank and even user issued assets (UIA) About BitShares and how it had the first stable coin and market pegged assets (MPA) system The construct of Witnesses who process transactions and maintain price feeds The concept of decentralized banking and how you can borrow against your BitShares as collateral How Black swan events and collateral are handled by the system The risk and challenges of growing an ecosystem like BitShares The benefits of Decentralized Exchanges (DEXs) For show notes and more please visit: LAB Radio
“EOS is Ethereum on steroids. That’s not what it stands for, but it is Ethereum on steroids.” - Amith Nirgunarthy (click to tweet) Delegated Proof of Stake (DPOS) is the future. Its technology enables the network to operate more flexibly and efficiently than any other consensus model out there. It is only a matter of time until all cryptos are forced to move to this type of network, and that is why we must focus our attention to coins that are built on top of the DPOS model. Today, on The Bitcoin Crypto Mentor Mastermind show, we are joined by Amith Nirgunarthy to discuss EOS and his other favorite, Nimiq. Amith is the Founder and CEO of the cryptocurrency research institution Blockstreet. He is also the former Director of Marketing of Bitcoin IRA. Amith specializes in understanding how cryptocurrency fits into our global economy, and how it will inevitably replace the current model of currency. Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think! “You might see something like ‘Sponsored on Twitter or Facebook.’ Remember that just because a company has good marketing doesn’t mean their coin is legit.” - Amith Nirgunarthy (click to tweet) Points to Keep In Mind Dan Larimer is the technical brains behind Steem and BitShares Steem.io has a higher Alexa ranking than Bitcoin.org Dan Larimer has developed a delegated proof-of-stake framework EOS is much faster than Bitcoin; it will be faster than Ethereum Nimiq is a virality coin Look at the team, the code, and how people talk about it on Telegram groups All of this looks very promising for Nimiq Eos would be used to back every technology: flight patterns, escrow, flight status, etc.