Bitcoin, as the first cryptocurrency, is carrying its legacy with pride. It is one of the few remaining blockchains using Proof of Work for consensus, and its community wouldn’t have it any other way. It doesn’t support smart contracts, which have been implemented many years after Bitcoin was created, and there are no plans to do so right now.
Bitcoin is sturdy, reliable and predictable. But because of this, over the years it morphed primarily into a status of “reserve currency of crypto,” with payments and active usage being less prominent. Now, Fisher Yu, Co-Founder and CEO of Babylon, is aiming to enhance this strength even further by letting people use Bitcoin to stake in other protocols. We’ve spoken to him to learn more about how this might work in the future.
Hey Fisher, nice to have you here. Let’s start with some introductions. What were you doing before crypto and how did you decide to work in this field?
FY: My journey to crypto is progressive. I studied network information theory in my Ph.D., and invented a decentralized multimedia delivery system that I later sold to Dolby Laboratories. This was my first encounter with decentralization. I then joined the University of Southern California as a postdoc to systematically research on security and…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…
