About the episode
O(1) Labs’ Evan Shapiro joins Kevin to discuss Mina, the world’s lightest blockchain — at 22 kilobits, “the size of a couple of tweets.” Here, he explains how this works, what drove its creation, what this protocol looks like from a security perspective, and its real-world applications already being put to the test today.
About our guest
@evanashapiro is the CEO and co-founder of software development company O(1) Labs, and board member at Mina Foundation, the world’s lightest blockchain.
Links from the episode
What’s Layer 1 vs. Layer 2? | The Defiant
Zero Knowledge Proof: Explain It Like I’m 5 (Halloween Edition) | Hacker Noon
Snapps: SNARK-Powered Applications | Mina Protocol
SNARK-Powered DeFi: Teller Builds Decentralized Lending Dapp Using Mina | Medium
Scalable Blockchain Infrastructure | Solana
Mina Block Explorer | Snarketplace
What Is a DAO? | CoinMarketCap
How did Evan get started in the world of crypto?[02:30]
What role did Evan and his O(1) Labs co-founder Izaak see themselves filling in the crypto space, and how did they begin?[03:42]
What is zero-knowledge proof, what does it achieve, and how does it differ from other protocols?[05:34]
How does a zero-knowledge protocol retain pertinent data without bloating a blockchain?[09:08]
What does Mina’s 22-kilobit blockchain entail? Where is the full ledger history actually stored?[11:39]
What constitutes a validator?[12:36]
From the security side of things, how might someone try to take over the network?[13:04]
How computationally intensive is it to create a new SNARK (succinct non-interactive argument of knowledge) at Mina’s current level, and what happens if it scales to Ethereum-sized popularity?[14:33]
What are Snapps (SNARK-powered applications), and are their transactions private by default?[15:51]
What use case does Evan see Mina fulfilling over the next year?[16:55]
How is Mina being used by Teller Finance to verify credit scores for loan applications?[17:40]
What are the short-term and long-term advantages of a 22-kilobit blockchain?[20:25]
How do Mina’s capabilities currently compare with an ecosystem like Solana, and does Evan see this changing over time?[21:58]
How has a month of live mainnet been going so far?[23:06]
Is Mina being traded yet? How can people begin earning tokens?[23:44]
What other projects in the crypto space have earned Evan’s respect?[25:23]
Is Evan a fan of using DAOs (decentralized autonomous organizations) for governance? How would he structure it into Mina?[25:56]
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