Episode Summary for Hedera Hashgraph, Blockchain, Distributed Ledger Technology, and the Evolution of Consensus with Leemon Baird
Watch Demetri Kofinas’ most recent, video interview of Leemon Baird from our NYC studio here: https://youtu.be/aOYP05GwKCk
In this episode of Hidden Forces, host Demetri Kofinas speaks with Leemon Baird, the inventor of Hashgraph, a new, distributed ledger technology poised to disrupt the entire ecosystem of blockchain-based applications and cryptocurrencies.
Leemon Baird is the Co-founder and CTO of Swirlds Inc. With over 20 years of technology and startup experience, he has held positions as a Professor of Computer Science at the Air Force Academy, Adjunct Professor at multiple other prestigious universities, and as a senior scientist in several labs. He has been the co-founder of several startups, including two identity-related starts-ups with successful exits. He received his Ph.D. in Computer Science from Carnegie Mellon University faster than any student in school history (2 years, 9 months), has multiple patents, and over 100 publications in peer-reviewed journals on computer security, machine learning, and mathematics. He regularly keynotes on these topics at conferences.
In this nearly hour-long conversation, our audience will get a first-hand look at what may become the future of the Internet. Hashgraph is a revolutionary new distributed ledger technology like no other. It is able to scale faster, with greater safety, and more fairly than any of its blockchain competitors. This makes Hashgraph superior to blockchain in every way — i.e., unlike blockchain, it is fast/high throughput (250,000+ transactions per second pre sharding), fair (mathematically proven fairness with consensus time stamping), and secure (asynchronous byzantine fault tolerant). These properties expand decentralized use cases to complex markets, auctions, crypto-currency micro payments, live games (even MMOs), and much more.
Swirlds has secured early funding from New Enterprise Associates and already has enterprise adoption. It has been adopted by the credit unions, payment providers, and is currently in due diligence phases with large banks. Official footage was just released of decentralized applications built in 24 hours at the TechCrunch Disrupt 24hr Hackathon using the Hashgraph SDK i.e. a decentralized live game, a decentralized eBay / auction market, a decentralized Disaster Relief Platform , and more. These are examples of Dapps which could not possibly be made using current blockchain technology.
Hashgraph does not rely on any of the slower, less secure, and ultimately unproven solutions that have been proposed by the larger blockchain community, like proof-of-stake, economy-based systems, voting systems, and leader-based systems.
Listeners to the show are invited to join an event taking place this Thursday, Oct. 19, from 7-9:30 at The Assemblage NOMAD in NYC, where Demetri Kofinas will moderate a panel with the CEO and Founding Team of Swirlds. Entry is free, and the floor will be opened to questions as early as possible. Attendees are encouraged to challenge the founders and their core technological assumptions. Seating is limited. RSVP HERE.
Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
Reading list for Hedera Hashgraph, Blockchain, Distributed Ledger Technology, and the Evolution of Consensus with Leemon Baird
A Conversation on the Cryptocurrency Industry with Andrew Keys, head of Global Business Development for Consensys
A Conversation on the Economics of Cryptocurrencies with Gil Luria, Director of Institutional Equity Research at D.A. Davidson
The Swirlds Hashgraph Consensus Algorithm: Fair, Fast, Byzantine Fault Tolerance
Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money, by Nathaniel Popper
Blockchain: Quickly Learn Blockchain and Its Role In Cryptocurrency, by Lee Sebastian
Blockchain: The Beginners Guide To Understanding The Technology Behind Bitcoin & Cryptocurrency, by Artemis Caro