Dr. Mark van RijmenamArchitect of Tomorrow | Strategic Futurist & Global Keynote Speaker for Fortune 500

First Steps to Decentralize the Metaverse - Bayan Towfiq - Step into the Metaverse podcast: EP29

Name: First Steps to Decentralize the Metaverse - Bayan Towfiq - Step into the Metaverse podcast: EP29
Uploaded: 2022-12-20T13:41:17+00:00
Duration: 56 s
Channel: Dr. Mark van Rijmenam
Description: Excerpt from a podcast episode where Bayan Towfiq argues that interoperability is essential to an open, decentralized metaverse and that blockchain’s…

20 Dec 2022 · 1 min

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Excerpt from a podcast episode where Bayan Towfiq argues that interoperability is essential to an open, decentralized metaverse and that blockchain’s core value is decentralization. She identifies Bitcoin (followed by Ethereum) as the most compelling blockchain example because of its compute power and high degree of decentralization.

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Everybody who is contributing to this metaverse is going to be forced to make it interoperable and interoperability makes it open and that openness and multitude of players that contribute makes it decentralized. Now looking at blockchain, blockchain is a pretty interesting thing. I actually think the most interesting is bitcoin followed by Ethereum. But the reason I say bitcoin is the most interesting blockchain is the whole value of blockchain is the decentralization aspect of it. And you have the most decentralization and compute power behind the bitcoin network compared to anything else. And so in terms of how well a blockchain is doing, bitcoin is the best example, the most valuable example of a blockchain because of the most compute power on the network, the most compute power, the most decentralization everything else. I kind of scoff at anyone who says, oh, you know, I don't believe in bitcoin, but I think there's really something behind blockchain technology because you don't, they just don't get it.