026: TrueBit – Blockchain Verification on Steroids with Jason Teutsch
Blockchain Innovation: Interviewing The Brightest Minds In Blockchain
Release Date: 02/15/2018
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info_outlineJason Teutsch is a mathematician (PhD) and computer scientist whose research focuses on distributed systems, security, game theory, and algorithmic randomness.
Jason is also the founder of TrueBit - a scalable verification solution for Blockchains.
In this episode, Jason and I discuss:
- The computational limitations of Ethereum smart contracts
- The definition of smart contract (hint: it’s not the same as a legal contract), gas, and the gas limit on Ethereum
- The “Verifier’s Dilemma,” a situation whereby Blockchain miners have little to no incentives to verify transactions (which is the problem TrueBit solves)
- Use cases for TrueBit, including LivePeer – a decentralized video streaming platform, AI, “Interactive ICOs,” and much more