Agreement is Its Own Incentive - TOKEN2049 Singapore 2022

Explore the innovative world of blockchain with our enlightening talk, "Agreement is Its Own Incentive," delivered at TOKEN2049 in Singapore. This compelling session presents a nuanced perspective on blockchain technology, emphasizing the intrinsic value of agreement as an incentive, particularly within distributed systems.

​

The speaker delves into the transformative aspects of blockchain that have reshaped industries, such as decentralized coin distribution, censorship-resistant transactions, and secure dealings across untrusted parties. Unpacking the complexities of consensus protocols, the talk critiques traditional incentive-based methods—proof of work and proof of stake—highlighting their limitations for issuer-backed tokens that are tied to real-world assets.

​

A notable discussion revolves around the innovative "proof of agreement" protocol. This approach, as implemented by the Stellar blockchain, offers a viable alternative for token issuers who require robust security without the pitfalls of conventional incentive models. By facilitating low-cost, low-latency transactions and safeguarding issuers from double redemption attacks, proof of agreement emerges as a superior choice for stablecoins and tokenized securities.

​

Stellar’s consensus model, underpinned by the concept of quorum slices, ensures trusted consensus among known entities, showcasing notable operational success since 2015. Viewers will gain insights into Stellar’s real-world applications, including its strategic partnership with MoneyGram, enabling seamless conversion of stablecoins to cash globally.

​

Enhance your understanding of blockchain's evolving landscape and the critical role of consensus through this insightful presentation. Don't miss out on future discussions—like, comment, and subscribe for more cutting-edge content from TOKEN2049.