Welcome back to the Grit Daily Startup Show, where your host Sebastian Rusk, features guests like Nathan Hatzfeld, a business developer for the layer 1 blockchain Syscoin. Nathan offers listeners insight into the major challenges facing blockchains today, from user experience to scalability to compliance. He outlines the advantages of a modular blockchain like Solana, which provides high speed and is built with a separation of concerns in mind. Nathan also shares his experience in building product and shares advice about how to make products in bear markets like the dot com bubble. Tune in to the Grit Daily Startup show to discover the latest in the blockchain world with Nathan Hatzfeld!
Key Takeaways:
- The Challenges of Blockchain Technology for the Average Person and Real World Assets Tokenization.
- Exploring the Benefits of Solana: A Full Stack Modular Blockchain
- The Benefits of Building a Business During a Bear Market
Topics with Timestamps:
[00:04:52] The Challenges Faced by the Average Person with Blockchain Technology and Tokenizing Real World Assets.
[00:09:14] Investigating the Advantages of Solana: A Modular, End-to-End Blockchain
[00:13:44] The Advantages of Establishing a Business During a Bear Market
Notable Quotes:
“Blockchain is a database. And in traditional databases, there is one node that determines the state of the database. In blockchain, you have a community of nodes that must reach consensus on what the state of the database is.”
“The big challenge of blockchains as we know it today is a UI/UX in understanding how that works.”
“The scalability dilemma or just the general blockchain dilemma is where you have scalability to search decentralization and security. And that any gain in one area necessitates a recession than the other.”
“Once the compliancy rails are figured out, and this is something we’ve been focused on for a long time, the onboarding of real-world assets tokenized is gonna start happening real quick.”
