Search

Home > Future Tech: Almost Here, Round-the-Corner Future Technology Podcast > Mike Doty — Ark Project: Enabling Blockchains to Cross Communicate & Exchange Tokens
Podcast: Future Tech: Almost Here, Round-the-Corner Future Technology Podcast
Episode:

Mike Doty — Ark Project: Enabling Blockchains to Cross Communicate & Exchange Tokens
Category: Technology
Duration: 00:24:28
Publish Date: 2017-08-30 07:51:39
Description:

Crypto token exchanges are still centralized markets – decentralization has not yet come to exchanges. Each user must send their tokens to an exchange, and then withdraw their new crypto back into their own wallets. This creates a vulnerable point for outsiders to attack, and users have to rely on this centralized authority to allow them to access their crypto after an exchange has been made. Ark Project believes that simpler is better. Their goal is to allow different blockchains to communicate directly with each other, without having to go through a centralized authority. This keeps transactions simpler, so that there is less opportunity for something to go wrong, and even lowers transaction costs. However, this technology isn’t just for cryptocurrency. Ark Project sees their platform being used in smart home features, car-sharing, Airbnb, or any other organization that matches providers with users.

Podcast: Play in new window | Download | Embed | Listen, Subscribe & Review on iTunes
Total Play: 0

Users also like

70+ Episodes
Seeker Plus 100+     8
500+ Episodes
Future Hinds .. 7    
3 Episodes
Tecnologia c .. 20+    
400+ Episodes
This Week in .. 70+     10+
30+ Episodes
Conversacion .. 600+     30+