Manage episode 307979575 series 2508833
My guest today is Starkerz, DAO member of 3Speak, a censorship-resistant video platform built on top of the Hive Network. Launched on March 20th, 2020, Hive is a decentralized information-sharing network with an accompanying blockchain-based financial ledger built on the Delegated Proof of Stake (DPoS) protocol. Myriad dapps, APIs, and front-ends contribute to general and straightforward accessibility of data, transactions, and records so that this existing diversity and utility ensure that the ecosystem is welcoming to content creators, consumers, investors, and builders. Hive is developed to store vast amounts of content and to make it available for time-based monetization. Examples of use include social media with monetized rewards for content producers, interactive games, identity management, polling systems, and micro-loans. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading blockchain technologies used by people around the world. Hive’s support for high transaction volumes, combined with its fast 3-second block times and fee-less transactions, make it an ideal platform for building highly interactive applications that would bog down on most blockchain networks. Hive was founded by a diverse group of community members, developers, and investors who believed in the common goal of decentralization. There is no set team and no company behind it. All protocol changes are proposed, developed, prepared for, and implemented through a transparent and collaborative team-working environment. They are entirely open source from initiation to their final release. 3Speak is a place where content creators directly own their onsite assets and their communities. Using blockchain technology, the ownership of these assets and communities is intrinsic to the creator and the user, not 3 Speak. By using the platform, users get rewarded in Hive tokens and can receive donations in our proprietary Speak token. In our conversation, we discuss Hive, consensus models, the path to decentralization, web3 and community, and much more. We begin our conversation by discussing the differences between Web2 and Web3. Starkerz does an excellent job at explaining the pitfalls and problems creators face when building their audience on Web2 platform. Our conversation flows to how Web3 protects individuals from censorship and removes the gatekeepers from the decision-making process. We discuss Hive's unique history and Starkerz shares an amazing story of the first blockchain war. Our conversation transitions to the importance of community and the community around a blockchain are layer0. Starkerz demonstrates the importance of community by discussing the accomplishments of Hive and their consensus model. Our conversation transitions to discussing the differences and tradeoffs between the various consensus models. Our conversation transitions and we discuss how Web3 will enable a new paradigm. Starkerz describes this new paradigm that is enabled by decentralization, market forces, and community-led. Please enjoy my conversation with Starkerz.
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