S16E36 - S16 E36: Maud Bannwart & Cheng Wang on Alephium, Proof of Less Work & Bitcoin

Alephium is one of the most interesting Proof of Work projects, which aims to build secure smart contracts & fast DeFi on a mineable base layer which minimizes electricity consumption. Maud Bannwart & Cheng Wang explain how all of this works. Time stamps: 00:00:53 – Introducing Cheng & Maud 00:02:06 – Alephium's Origins & Motivation Cheng explains the technical challenge of blockchain scalability and the project's evolution from sharding to DeFi. 00:04:36 – Choosing UTXO vs. Account Model Why Alephium uses the UTXO model for assets and account model for application state, combining both for scalability. 00:09:50 – Privacy and UTXO Model Advantages of UTXO for privacy and scalability, and how it enables...