In this talk, Andreas speaks about the ongoing clash between software and hardware development (instead of “East vs. West”) within the emerging culture of trustware.
This talk took place on March 20th 2017 at the Singapore Management University for the Singapore Bitcoin & Ethereum meetups.
Andreas Antonopoulos is a technologist, entrepreneur & network specialist who has become one of the most well-known and respected figures in Bitcoin. With the ability to pick apart complex topics and make them understandable for most he tours the world opening peoples mind. Andreas is also the author of “Mastering Bitcoin” a book that many says is the best technical guide to Bitcoin existing today.
Bitcoin is a Cryptocurrency that was released back in 2009 by pseudonymous developer Satoshi Nakamoto. Bitcoin uses peer-to-peer technology to operate with no central authority or banks, managing transactions and the issuing of bitcoins is carried out collectively by the network. The network is maintained by the miners that in return get rewarded with the currency. Bitcoin is open-source and its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any of the older previous payment system like cash, cheque or credit cards.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. In many ways Ethereum is how the internet was supposed to be. Free, open and uncensored. In some aspects it’s design is very similar to Bitcoin. Miners hash blocks of transactions and are rewarded in newly created Ether (ETH). On the other hand Ethereum is vastly different. That’s because Ethereum and it’s technology is a decentralized app platform for which money is merely one of the possible applications.