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29 Dec 2017 14:50:22 UTC
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EB113 – Jae Kwon, Dustin Byington & Ethan Buchman: Tendermint - Private Modularized Blockchains
Support the show, consider donating: 15zDNoYpwY5MF76vZxGyKJ7ppdSBrNUotP (http://bit.ly/1Pt2zpa)

As blockchain technologies mature, new protocol specifications are emerging, which take unique approaches to software design and how consensus is achieved. We have talked about Multchain and OpenChain in the past, but Tendermint promises to be a viable solution for many permissioned blockchain use cases. It’s design is modular, meaning that the application layer (smart contract) and the consensus layer are completely independent. This provides added flexibility and allows for business logic to be written in practically any programming language. In addition, its unique approach to consensus, a round-robin Proof-of-Skate algorithm, is much better suited for permissioned blockchain scenarios than Proof-of-Work.

Meher and Sebastien talk to Tendermint co-founders, Jae Kwon, Dustin Byington and Ethan Buchman, about this promising new blockchain protocol and how it is different from other projects we’ve seen so far.

Topics covered in this episode include:

- How Tendermint came to be and how it has evolved since its creation
- Smart contract programming and the Tendermint Socket Protocol (TMSP)
- How Tendermint makes use of the Ethereum Virtual Machine (EVM)
- Tendermint’s approach to PoS consensus and its scalability benefits
- Use case for permissioned and public blockchains
- Future plans and business models

Links mentioned in this episode:

- Tendermint: http://tendermint.com/
- Tendermint for fast settlements: http://tendermint.com/posts/tendermint-for-fast-settlement/
- Tendermint vs PBFT: http://tendermint.com/posts/tendermint-vs-pbft/
- Tendermint specification: https://github.com/tendermint/tendermint/wiki

Sponsors:

- Ledger Nano: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER at http://ledgerwallet.com

Show notes: http://epicenterbitcoin.com/podcast/113
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-113


Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.

- Visit our website: http://epicenterbitcoin.com
- Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter
- Twitter: http://twitter.com/epicenterbtc
Author
Content Type
Epicenter
video/mp4
Language
English
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