• 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

May 14, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • 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
May 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

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

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.

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

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 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

Categories

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

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

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

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

  • bitcoinBitcoin(BTC)$20,994.00-1.87%
  • ethereumEthereum(ETH)$1,224.00-0.79%
  • tetherTether(USDT)$1.000.12%
  • binancecoinBNB(BNB)$238.77-0.45%
  • rippleXRP(XRP)$0.349430-4.16%
  • cardanoCardano(ADA)$0.490328-3.07%
  • SolanaSolana(SOL)$39.04-3.92%
  • dogecoinDogecoin(DOGE)$0.071636-7.42%
  • polkadotPolkadot(DOT)$7.80-4.09%
  • Shiba InuShiba Inu(SHIB)$0.000011-5.03%
  • daiDai(DAI)$1.000.15%
  • tronTRON(TRX)$0.067757-2.82%
  • leo-tokenLEO Token(LEO)$5.82-0.84%
  • matic-networkPolygon(MATIC)$0.54-7.77%
  • litecoinLitecoin(LTC)$56.22-3.08%
  • FTXFTX(FTT)$27.47-1.78%
  • OKBOKB(OKB)$12.41-2.44%
  • CronosCronos(CRO)$0.125384-1.74%
  • chainlinkChainlink(LINK)$6.65-4.01%
  • stellarStellar(XLM)$0.119492-3.25%
  • cosmosCosmos Hub(ATOM)$7.90-6.77%
  • algorandAlgorand(ALGO)$0.331929-3.31%
  • ethereum-classicEthereum Classic(ETC)$16.51-4.21%
  • moneroMonero(XMR)$121.15-5.52%
  • bitcoin-cashBitcoin Cash(BCH)$111.23-4.49%
  • vechainVeChain(VET)$0.024921-1.30%
  • tezosTezos(XTZ)$1.657.49%
  • Internet ComputerInternet Computer(ICP)$5.89-1.37%
  • theta-tokenTheta Network(THETA)$1.35-4.17%
  • filecoinFilecoin(FIL)$5.78-4.25%
  • ElrondElrond(EGLD)$56.02-3.30%
  • bitcoin-cash-svBitcoin SV(BSV)$59.46-4.07%
  • eosEOS(EOS)$0.99-2.28%
  • AaveAave(AAVE)$67.34-0.12%
  • makerMaker(MKR)$1,011.49-4.22%
  • paxos-standardPax Dollar(USDP)$1.000.17%
  • huobi-tokenHuobi(HT)$5.30-1.19%
  • iotaIOTA(MIOTA)$0.292080-1.39%
  • zcashZcash(ZEC)$62.20-6.64%
  • neoNEO(NEO)$9.54-3.28%
  • zilliqaZilliqa(ZIL)$0.043880-7.04%
  • basic-attention-tokenBasic Attention(BAT)$0.394882-3.17%
  • wavesWaves(WAVES)$5.79-6.60%
  • havvenSynthetix Network(SNX)$2.43-12.43%
  • dashDash(DASH)$49.23-4.10%
  • PancakeSwapPancakeSwap(CAKE)$3.36-1.83%
  • KusamaKusama(KSM)$53.97-2.88%
  • nemNEM(XEM)$0.0425020.75%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$50.45-3.79%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$3.04-2.08%
  • bitcoin-goldBitcoin Gold(BTG)$17.11-2.59%
  • omisegoOMG Network(OMG)$2.020.87%
  • golemGolem(GLM)$0.2537404.15%
  • SushiSushi(SUSHI)$1.17-1.98%
  • ontologyOntology(ONT)$0.2507731.89%
  • yearn-financeyearn.finance(YFI)$6,103.28-9.15%
  • umaUMA(UMA)$2.69-3.49%
  • digibyteDigiByte(DGB)$0.010082-5.12%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....