Bitcoin DeFi Has Been Elusive. Can Mysten Labs Bring $1.4 Trillion Onchain?
Adeniyi Abiodun, co-founder and CPO of Mysten Labs, walks through how Hashi works and how it differs from the competition. Can it succeed where others have failed?
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Mysten Labs has announced Hashi, a protocol designed to unlock several financial applications for native Bitcoin in a trust minimized way.
Mysten Labs co-founder Adeniyi Abiodun walks through how Hashi works and how it differs from wrapped Bitcoin tokens and L2s.
He says the protocol is built with institutions in mind, highlighting for one that it does not trigger a tax event like alternatives and also comes with low-premium on-chain Bitcoin denominated insurance.
Listen to find out how Hashi manages these and more.
Will Mysten Labs succeed in unlocking Bitcoin's long-desired $1.4 trillion liquidity?
Guest:
Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs
Links
Unchained:
Sui Blockchain Restored After Six-Hour Outage
Sui-Based Typus Finance Loses $3.4 Million in Hack
Coinbase’s cbBTC Crosses $1 Billion Market Cap, Deploys on Solana
New Bitcoin Liquid Staking Protocols Aim to Replicate Lido’s Success
Kraken Launches Wrapped Bitcoin Token kBTC
Top Wrapped Bitcoin (WBTC) Alternatives You Should Know About
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Why Sui is Skyrocketing: Price Surge & Growing Ecosystem | Adeniyi Abiodun, Mysten Labs
Adeniyi Abiodun is the co-founder of Mysten Labs and a major contributor to the Sui blockchain. In this week’s podcast, he discusses Sui's unique positioning as a "global coordination layer for the internet," emphasizing its decentralized nature and its technical advancements such as parallel execution and the use of the Move programming language. He highlights the expertise of the team behind Sui, their focus on scalability, and the potential for Sui to revolutionize payments and digital asset ownership. Abiodun also addresses challenges like decentralization concerns and outlines future growth areas, including gaming and DeFi.
Chapters
0:00 - Introduction with Adeniyi Abiodun, Co-founder of Mysten Labs
0:42 - What is Sui and how it's different from other L1s
1:50 - Addressing the centralization problem of the internet
3:52 - Scalability and throughput advantages of Sui
5:24 - How Sui solves scalability and throughput challenges
7:31 - Move language: A better approach for Web3 development
10:33 - Object-based model vs account-based model in blockchains
16:00 - Sui token's recent price surge and adoption trends
19:16 - Native USDC launch and its impact on DeFi growth
22:11 - Sui's low latency and fast transaction speeds
33:19 - Expanding Web3 adoption and onboarding billions of users
45:37 - Sui’s vision for the future
This episode was sponsored by:
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Demystifying the benefits of zero-knowledge proofs with Mysten Labs co-founder Kostas Chalkias
This is the second installment of a miniseries sponsored by Axelar and featuring co-host Sergey Gorbunov, co-founder of Axelar — you can find part 1 with Eigen Layer's Sreeram Kannan here.
In this episode, Chaparro and Gorbunov are joined by Mysten Labs co-founder and chief cryptographer Kostas Chalkias to discuss the potential of zero-knowledge (ZK) proofs to revolutionize the blockchain space.
OUTLINE
00:00 Introduction
04:27 ZK-proof overview
08:45 Adoption of zk-proofs
15:33 Standardizing zk-proofs
22:27 Advice for builders
27:57 ZK & AI
35:55 How ZK improves UX
45:00 Predictions
This episode is brought to you by our sponsor, Axelar.
Axelar is scaling interoperability to connect hundreds of new blockchains anticipated in the Ethereum L2 ecosystem. Find out more at axelar.network/layer2
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Exploring the Ex-Apple Engineer Led Sui Network
Evan Cheng is the Co-founder & CEO at Mysten Labs, which is the team behind Sui Network. In their words, Sui is a Layer 1 blockchain and smart contract platform "designed to make digital asset ownership fast, private, secure, and accessible". In our conversation we explore the potential of this up and coming Layer 1 by learning about the underlying motivation of the founder, what makes it different from other blockchains, in particular Aptos, the current main uses cases, and more.
0:00 Intro
1:06 Who is Evan Cheng
8:32 Why Web2 doesn't work
12:05 Lessons from building Libra
15:46 Sui vs Other Layer 1s
27:11 Modular Blockchains
28:50 Sui Use Cases
33:51 Challenges of usng Move
36:43 Future of DeFi
44:00 Bull Market 2024
46:12 Incentive Program on Sui
51:30 Future of Blockchains
53:50 What's Next for Sui?
Our sponsor
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Inside the Sui ecosystem with Mysten Labs CEO Evan Cheng
Evan Cheng is the Co-Founder and CEO of Mysten Labs — the development team valued at over $2 billion that is behind the soon-to-be-released Sui blockchain.
In this episode, Cheng discusses the limitations of current blockchains in supporting complex consumer applications and explains how Sui plans to overcome this challenge with the help of the Move programming language, which was initially created at Facebook.
During this episode, Chaparro and Cheng also discuss:
Why a vibrant developer ecosystem is the key to mass adoption
How Sui could take blockchain gaming to the next level
What advantages Move has over Solidity
This episode is brought to you by our sponsors Circle, Railgun, Flare Network
About Circle
Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.
About Railgun
Railgun is a private DeFi solution on Ethereum, BSC, Arbitrum and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let Railgun’s zero-knowledge cryptography encrypt your address, balance and transaction history. You can also bring privacy to your project with Railgun SDK and be sure to check out Railgun with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.
About Flare
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network.