The buzz is up that the coder who worked along with Satoshi Nakamoto and created Bitcoin, Martti ‘Sirius’ Malmi, is back with a bang!
He is soon going to join a team of developers and would work on a new cryptocurrency project called as ‘AXE.’
Not many of us know, but Satoshi and Malmi became friends over the time, and Malmi developed the majority of the changes introduced in the second code release of Bitcoin. He even had the admin privileges to access the bitcoin.org website.
However, Malmi left Bitcoin saying that “Bitcoin had already gone from zero to one,” and that the cryptocurrency was up and running with a growing community,” with “lots of great developers working on it.”
Journey So Far
After exiting Bitcoin, Malmi worked on another venture called Identifi that aims to reduce the control exercised by Internet giants like Google and Facebook in 2014.
But, he soon realized that something else was needed and using a crypto token could help. According to Malmi, “Most of the giant online businesses, such as Google, Facebook, eBay or Airbnb are basically centralized indexes – searchable lists of stuff. If we want to disrupt them, we need decentralized indexing.”
To make the things fall in their place, a new company was launched called ERA. Mark Nadal, the CEO of Era, said, “Martti and I were discussing how governments can still blacklist bitcoin miners’ IP addresses. Telecom companies, Google, Amazon or others can throttle or reroute our traffic without net neutrality.”
He further added, “This is a huge vulnerability that could affect everyone, thus why we’re building AXE.”
Blockchain Practicality
Notably, AXE will combine the online reputation system of Malmi’s Identifi and GUN, which is a decentralized database system.
Malmi is going to head a new cryptocurrency project, but he is still doubtful about the promise of blockchain tech as is usually advertised. He feels that blockchain technology is overhyped and is also implemented for applications which do not need it. If an application doesn’t need a distributed ledger with trusted parties, you don’t need a blockchain at all.
He thinks that ERA would incorporate the cryptocurrency rightly. He also said that he would try to bring a significant change even if that comes tough, instead of doing something easy.
That said, we have a lot of expectations from Malmi, and we are sure, he will introduce something that would benefit the blockchain industry on the whole.
Image credit: Andre Francois
Related post:
I think that is one of the such a lot vital information for me. And i’m glad studying your article. However want to statement on few common things, The site taste is wonderful, the articles is truly excellent : D. Good task, cheers
I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…
Heya i am for the first time here. I came across this board and I to find It really useful & it helped me out a lot. I hope to give one thing back and help others like you aided me.
Nice post. I be taught something tougher on totally different blogs everyday. It’ll at all times be stimulating to learn content material from other writers and observe somewhat one thing from their store. I’d prefer to use some with the content on my blog whether or not you don’t mind. Natually I’ll offer you a hyperlink on your internet blog. Thanks for sharing.
Thanks, I’ve recently been searching for info about this topic for ages and yours is the best I have discovered so far. But, what about the bottom line? Are you sure in regards to the supply?
Hello! This post could not be written any better! Reading this post reminds me of my old room mate! He always kept chatting about this. I will forward this post to him. Pretty sure he will have a good read. Thank you for sharing!
Pretty section of content. I just stumbled upon your site and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently fast.
I have learn some excellent stuff here. Certainly worth bookmarking for revisiting. I surprise how so much effort you place to create such a magnificent informative website.
At this time it appears like Movable Type is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
WONDERFUL Post.thanks for share..extra wait .. ?