161: Cypherium / Sky Guo

Enterprise-Ready Blockchain

Sky Guo is the CEO at Cypherium, a highly scalable and robust smart contract platform. Their design features a joint Proof-of-Work (PoW) and HotStuff (Also adopted by Facebook’s Libra) consensus mechanism that can achieve thousands of transactions per second without sacrificing decentralization. Cypherium also implements a Turing-complete virtual machine for smart contracts that runs on Java, the most widely-utilized and reliable programming language in the world. This enables democratization of the development of smart contracts and lowers the barrier to blockchain adoption for existing enterprise.

Sky gives us some background on his education in computer science at Pepperdine University and Entrepreneurship at Draper University as well as the scene of blockchain in academia since he graduated. He touches on the bitcoin Halving, what it means for cryptocurrency and the need to scale without sacrificing speed of transactions. Some insight is given into how Cypherium’s dual chain structure and hybrid consensus operates as well as their benefits.

We talk about the global situation regarding COVID-19, it’s implications for blockchain industry, and the possibility of central banks issuing cashless currencies. He goes on to list some impressive partnerships with Google Cloud, IBM, IC3, and AWS and how they’re able to bring the benefits of blockchain without sacrificing the integrity of trustless systems.

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