• Latest
Blockstack CEO Muneeb Ali: ‚You Don’t Need a Blockchain‘ for All Dapps

Blockstack CEO Muneeb Ali: ‚You Don’t Need a Blockchain‘ for All Dapps

Mai 14, 2019
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Blockstack CEO Muneeb Ali: ‚You Don’t Need a Blockchain‘ for All Dapps

coinnewsdaily by coinnewsdaily
Mai 14, 2019
in Tech
0
Blockstack CEO Muneeb Ali: ‚You Don’t Need a Blockchain‘ for All Dapps
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Blockstack CEO Muneeb Ali criticized “most” decentralized apps in the industry during a panel appearance Monday, drawing issue with how they are typically organized today.

At CoinDesk’s Consensus 2019 conference, he took aim at the “architecture” most decentralized apps use these days, arguing that apps across the space are putting too much reliance (and data) on blockchains.

Related articles

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Mai 25, 2022
Central African Republic to launch official crypto hub ‘Sango’

Central African Republic to launch official crypto hub ‘Sango’

Mai 24, 2022

That’s not to say that blockchains don’t have an important role to play in building “decentralized apps,” or forward-looking apps that users don’t have to trust with their data. But Ali, who’s company is working on a decentralized app platform that recently announced plans to register their upcoming token sale with the U.S. SEC, argued that people are using the blockchain layer “too much.”

“You don’t even need blockchains to build decentralized apps at all,” he argued.

That’s not to say Ali doesn’t agree with the idea of decentralizing apps. Indeed, the company is built around the idea that this approach represents the future of computing.

“The Googles and Facebooks of the world are sitting on large amounts of data. Their business is to know more and more about you. With decentralized computing, you have more control. There’s no big company in the middle,” Ali said.

He even admits that blockchains do indeed have an important role to play for some apps.

But, he thinks people have been using blockchains more than are necessary: “If you look at our industry right now, we’ve been trying to implement [decentralized apps] in a kind of odd way.”

The ‘world computer’

Ali pointed to the idea of a “world computer,” an influential concept that’s floated around the industry for years. The concept is perhaps most tightly associated with the third largest cryptocurrency by market cap, ethereum, though Ali stressed more than once that he is not referencing any one project in particular.

He thinks that the idea of a world computer is a fluke, because people of that methodology focus on putting all global state on the blockchain.

“If you take these concepts to Web3, they completely break down. Global state is absolutely not something we can put on a blockchain, where every new user is slowing everyone else down,” Ali asserted.

In that vein, Ali noted that his decentralized app platform Blockstack has been working on its own storage technology, “Gaia storage,” which is heavily informed by Ali’s research as a computer scientist in that area.

“This is radically, radically different than anything you’ve seen in the crypto space,” Ali said.

Muneeb Ali photo via CoinDesk

Credit: Source link

Tags: Crypto Tech
Share76Tweet47
Previous Post

Coinbase Pro Adds XRP Trading Support For New York Customers

Next Post

HTC Has Added In-Wallet Crypto Swaps to Its EXODUS Phone

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
Tech

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Mai 25, 2022
Central African Republic to launch official crypto hub ‘Sango’
Tech

Central African Republic to launch official crypto hub ‘Sango’

Mai 24, 2022
South Korean police request exchanges freeze LFG related funds
Tech

South Korean police request exchanges freeze LFG related funds

Mai 24, 2022
Bitcoin stands apart from other crypto, and what that means for US public policy
Tech

Bitcoin stands apart from other crypto, and what that means for US public policy

Mai 22, 2022
Needed: A massive education project to fight hacks and scams
Tech

Needed: A massive education project to fight hacks and scams

Mai 21, 2022
Commonwealth Bank puts crypto trading trial on ice as regulators dither
Tech

Commonwealth Bank puts crypto trading trial on ice as regulators dither

Mai 20, 2022
Load More
Next Post
HTC Has Added In-Wallet Crypto Swaps to Its EXODUS Phone

HTC Has Added In-Wallet Crypto Swaps to Its EXODUS Phone

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev