April 12, 2023

Nakamoto Coefficient and Tyranny of the Majority of Stake with Flare’s Hugo Philion

Nakamoto Coefficient and Tyranny of the Majority of Stake with Flare’s Hugo Philion

Nakamoto Coefficient and Tyranny of the Majority of Stake with Flare’s Hugo Philion

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Charlie begins the show by introducing Hugo Philion and giving him the opportunity to share how Flare began in the crypto industry and why oracles are so important. Hugo explains Flare’s state connector. Charlie provides his thoughts on proof of stake. Hugo shares that State Connector is the solution to the tyranny of the majority of stake. Hugo explains Flare’s Web Connector and the broad distribution of Flare. Hugo shares how Songbird came about and gives a fun example of how it was recently used. Charlie and Hugo talk about how to solve the cross-chain problem.