Moving The Chain Spotlight #24 Preethi Kasireddy
You are at: Home Series Moving the Chain Moving the Chain Spotlight #24 Preethi Kasireddy Moving the Chain Spotlight #24 Preethi Kasireddy Moving the Chain is an ongoing series from Blockchain WTF that shines a spotlight on folks who are making an impact in the world of blockchain technology and cryptocurrency . Preethi Kasireddy is a California-based blockchain and smart contract engineer. Before becoming immersed in the world of blockchain tech, she was venture capitalist who worked in Silicon Valley . After a couple of years, Kasireddy grew tired of what she referred to as the degree of homogeny in Silicon Valley culture and decided that it was time for a change . While she was working for a firm called Andreessen Horowitz, she was introduced to blockchain technology through the popular cryptocurrency exchange site Coinbase. From there, Kasireddy began keeping up with the technology and would eventually join the Coinbase team as a software engineer following her departure from Andreessen Horowitz . She has also worked as a self-employed engineer and was involved in several blockchain-related projects. Designing and implementing Ethereum-based smart contracts for token sales, building new protocols on the blockchain, and defining and analyzing the economics of token sales to ensure all parties incentives are aligned, are just a few of the things shes worked on . Outside of her work as an engineer, Kasireddy has written several blogs on blockchain-related topics and even has a YouTube channel series which focuses on programming, called Ask Preethi. Preethi Kasireddy has helped move the chain forward with her work as both an engineer and a successful blogger. The question of, What do you think cryptocurrency/blockchain will be in 10 years? is impossible to answer. Ther Continue reading >>
Blockchains Dont Scale. Not Today, At Least. But Thereshope.
Blockchain Engineer. I have a passion for understanding things at a fundamental level and sharing it as clearly as possible. Blockchains dont scale. Not today, at least. But thereshope. The first Bitcoin paper was first released in 2008. My excitement about the potential of blockchain technology has been building ever since. Decentralized digital currency, once just a far-fetched goal, is finally making inroads into the mainstream. While thats exciting on its own merit, Im personally most excited about the potential for decentralized applications. Financial exchanges, prediction markets, and asset management platforms all carry enormous potential. The trustless systems supporting them are no less intriguing; identity verification systems, smart property, censorship resistant social platforms, and autonomous structures and governance models like DAOs . The most disruptive use cases probably havent even been dreamt up yet. But this dream still remains a dream for the foreseeable future while a few early enthusiasts and entrepreneurs are experimenting with building such applications, theres still a big missing piece that prevents us from seeing these applications come to fruition: scalability. Blockchains, as it stands today, are limited in their ability to scale. Thats not to say that this will be the case forever, but its definitely true today. In fact, Id argue its one of the biggest technological barriers we face with blockchain technology today. Its quickly become a very active area of research among researchers in the community and cryptocurrency in general. Currently, all blockchain consensus protocols (eg. Bitcoin, Ethereum, Ripple, Tendermint) have a challenging limitation: every fully participating node in the network must process every transaction. Recall that Continue reading >>
You can access our livestreaming now and goes all weekend long. Join our Slack channel to receive updates, meet team members & nerd out Decentralization is underway. In the coming years, emerging blockchain technologies (like Ethereum ) will aid in distributing power from the center to the edges of our communities. This movement could bring about the most significant technological and social advancements since the advent of the internet. You can be a part of this change at ETHDenver. ETHDenver is welcoming those who want to support and build the decentralized future. The Hackathon is an opportunity to work alongside the developers, thought leaders, advisers, and companies who are making the infrastructure and applications that will power the future. Scholar in Residence, University of Colorado Executive Director, CO Office of Economic Development Director , Elections Division, City & County of Denver Partnerships and Regulatory Lead, ixo Foundation General Partner, Divergence Digital Currency Founder. Creating a Humanist Blockchain Future Lead Architect, Opolis ETHDenver Chief Hydrationist Partnerships and Strategic Initiatives, Web3 Foundation ETHDenver sponsorship deadline is January 12th. Qualified sponsorships receive 15-20% credit for bounties & repos. Thank you for your interest in becoming a sponsor. Sponsorships for ETHDenver 2017 event are sold out. We will keep you information for next year's event. If you wish to reach our planning team, please email us at [email protected] . The Gart Sports Castle, a historic Denver landmark,is home to ETHDenver. More details on how we're utilizing the space will be shared in early 2018. THE ART HOTEL Official Hotel ETHDenver is a Hackathon for Ethereum enthusiasts and developers. The 36-hour Hackathon will also include s Continue reading >>
How Does Ethereum Work, Anyway?
Here's a great in depth introduction on how Ethereum works. Basic concepts like state, accounts, transactions, blocks, gas, mining etc. are explained. It is a quite long read but as someone who is just getting into this field I really enjoyed it. Continue reading >>
Preethi Kasireddy Token Summit
Preethi is the founder and CEO of TruStory, a platform that makes it easy and fun for people discover and authenticate assertions put forth by crypto projects and people (and in the long run, by the world at large). She was previously a partner at Andreessen Horowitz, a banker at Goldman Sachs, and most recently a software engineer at Coinbase. Shes an avid learner who taught herself how to code, and is passionate about educating the world about blockchain and cryptocurrencies. Shes the author of several well-regarded posts, including How does Ethereum work anyway? and Fundamental Challenges with Public Blockchains . B.S. Industrial & Systems Engineering, University of Southern California 2017, 2018 William Mougayar. All Rights Reserved. Brian Lio is the founder and CEO of Smith + Crown, a cryptofinancial services group that provides research, data, and insights on blockchain technologies and digital assets. Previously, he founded the Bright Iron Group, a NY-based design, strategy and user experience firm, whose clients included Nike, BlackRock, Samsung and GE. He has also held positions at Microsoft and DDB. Brian graduated from Rochester Institute of Technology with a degree in Computer Science. Maciej is the founder of Userfeeds.io the content ranking & reputation system for blockchain communities inspired by liquid democracy and Googles Pagerank. Userfeeds develops the engine for algorithms that use token-based signals for ranking content. Tokenized content discovery offers alternative models of incentive alignment between publishers and audiences and value distribution from co-created network effects. Token-based filtering combined with open data can offer solutions to fake news, trolling and spam by changing the existing attention economies of large platforms. Vi Continue reading >>
Crypto Canon Andreessen Horowitz
by Sonal Chokshi , Chris Dixon , Denis Nazarov , Jesse Walden , and Ali Yahya Heres a list building on and including Chris last roundup of crypto readings and resources. Its organized frombuilding blocks and basics; foundations (& history); andkey concepts followed by specific topics such asgovernance; privacy and security; scaling; consensus; cryptoeconomics and investing; fundraising and token distribution; decentralized exchanges; stablecoins; and cryptoeconomic primitives (crytocollectibles, curation markets, games). We also included a section with developer tutorials, practical guides, and maker stories as well as other resources, such as newsletters and courses, at the end. Well soon be updating this regularly at crypto.a16z.com, for now well keep it updated here. You can also find most of a16zs writings, posts, and videos on the topic at a16z.com/crypto. WTF is the blockchain? understanding the problem it solves before defining it Ever wonder how bitcoin (and other cryptocurrencies) actually work? What are cryptonetworks and why are tokens fundamental? with full deck Why its hard to get bitcoin: the blockchain spectrum Money, blockchains, and social scalability What do we mean by blockchains are trustless? Why decentralization matters from eras of the internet to cryptonetworks The meaning of decentralization but what does that actually mean? nuances, depth Quantifying decentralization we must be able to measure blockchain decentralization before we can improve it The truth about blockchain framework for adoption to helpbig company executives understand state of development; strategic investments; challenges, resources, processes to facilitate adoption Vitalik Buterin, creator of Ethereum Unchained: big ideas from the worlds of blockchain and cryptocurrency The Continue reading >>
Bitcoin, Ethereum, Blockchain, Tokens, Icos: Why Should Anyonecare?
Bitcoin, Ethereum, Blockchain, Tokens, ICOs: Why should anyonecare? The Crypto market is gaining lots of steam. Top 8 Cryptocurrencies Price Chart (excluding Bitcoin & Ethereum) and multi-million dollar token sales are commonplace, as are front-page headlines from traditional news outlets discussing Ethereum, Bitcoin, ICOs, tokens, hard forks, and other technical topics. Even my 13-year-old brother has been calling me up asking for explanations! Ive been personally invested in this space for a while now most recently as an engineer for Coinbase but even Im surprised by how quickly the Crypto space has evolved in the past six months. If you want to understand why crypto is getting the spotlight, you have to understand the behind-the-scenes catalysts driving the market. Right now, that catalyst is the token sale or Initial Coin Offering (ICO) phenomena. You may have heard of an Initial Public Offering (IPO) when a company goes public by selling some of its shares to institutional investors, who in turn sell to the general public on the securities exchange. The public gets excited about IPOs because they let anyone with a brokerage account purchase shares of companies like Snapchat. Are ICOs the same thing? Yes and no. IPOs and ICOs are both used by companies to raise capital. The main (and really important) difference is regulation. IPOs are regulated by the SEC and have a set of legal requirements and a formal process for how theyre carried out. ICOs are currently unregulated and more of a wild west practice. Overall, there seems to be a lot of confusion and uncertainty when it comes to ICOs. Some argue that they have turned into a perverse and unsustainable Keynesian beauty contest . Supporters are optimistic and claim that its a new form of Venture Capital . With dras Continue reading >>
Kasireddy: Fund Recovery Ethereum's 'defining Moment'
Kasireddy: Fund Recovery Ethereum's 'Defining Moment' May 5, 2018 at 18:03 UTC|UpdatedMay 6, 2018 at 20:30 UTC There is "no right answer" to ethereum's fund recovery debate. The words were spoken by Preethi Kasireddy, a former partner at Andreessen Horowitz and former software engineer at Coinbase, during the ethereum community conference EDCON on May 4. As the debate rages over whether ethereumshould hard fork to return funds lost on the platform, including those lost in the Parity fund freeze , Kasireddy, now the founder and CEO of blockchain startup TruStory, told the audience that now was the time for the ethereum community to define its collective values. As detailed by CoinDesk, the discussion over whether the second most valuable blockchain network should hard fork to return user funds lost in various hacks or accidents has been ongoing since November. The Parity fund freeze isn't the only instance of startups and users losing ether because of buggy code. For instance, MyEtherWallet and Kraken lost hundreds of thousands of dollars in user funds last year because of a faulty ethereum address generator. The fund recovery debate seemed to come to a head last week when somedevelopers warned that due to a lack of community consensus on the topic, a split would be inevitable, though many have since come forward to state their commitment to avoiding such an outcome . Speaking at the conference,Kasireddy discussed the political and technical subtleties on each side of the debate, before concluding: "There's no right answer obviously, because if there was a right answer we would have figured it out and moved on a long time ago." According toKasireddy, given the diversity of perspectives in response to each proposal, the conversation should not aim to encompass each attit Continue reading >>
How Does Ethereum Work,anyway?
Odds are youve heard about the Ethereum blockchain, whether or not you know what it is. Its been in the news a lot lately, including the cover of some major magazines, but reading those articles can be like gibberish if you dont have a foundation for what exactly Ethereum is. So what is it? In essence, a public database that keeps a permanent record of digital transactions. Importantly, this database doesnt require any central authority to maintain and secure it. Instead it operates as a trustless transactional system a framework in which individuals can make peer-to-peer transactions without needing to trust a third party OR one another. Still confused? Thats where this post comes in. My aim is to explain how Ethereum functions at a technical level, without complex math or scary-looking formulas. Even if youre not a programmer, I hope youll walk away with at least better grasp of the tech. If some parts are too technical and difficult to grok, thats totally fine! Theres really no need to understand every little detail. I recommend just focusing on understanding things at a broad level. Many of the topics covered in this post are a breakdown of the concepts discussed in the yellow paper. Ive added my own explanations and diagrams to make understanding Ethereum easier. Those brave enough to take on the technical challenge can also read the Ethereum yellow paper. A blockchain is a cryptographically secure transactional singleton machine with shared-state.  Thats a mouthful, isnt it? Lets break it down. Cryptographically secure means that the creation of digital currency is secured by complex mathematical algorithms that are obscenely hard to break. Think of a firewall of sorts. They make it nearly impossible to cheat the system (e.g. create fake transactions, erase tr Continue reading >>
Mercury Protocol - About
Modern communication is outdated. Centralized communication platforms built on private servers are only as secure as their weakest defense, user privacy is habitually violated as service providers sell behavioral data to advertisers, and content is restricted to a single platform. The solution is the Mercury Protocol, an open-source project for communication platforms to utilize decentralized blockchain technology at minimal cost. Any communication platforms that integrate the Mercury Protocol will be able to exchange messages and content, increase user privacy through pseudonymity, leverage tokens to encourage user participation, and provide stronger network security than any private system that has a single point of failure. The Mercury Protocol provides a suite of smart contracts that give users, app developers, and content providers essential tools for sharing and interacting with content. These contracts will include dynamic premium features and accurate user participation rates. Apps will create Ethereum accounts and will utilize account private keys to securely invoke contracts according to regular Ethereum rules. The protocol will also include State Channel logic to increase efficiency and minimize blockchain latency inherent in the Ethereum validation algorithm. The contracts will get added to the state channel and sent as a group to the Ethereum network for validation. Notification of the results will be supplied at completion. The efficiency of the state channel along with the novel contracts should make the Mercury Protocol a welcome addition to the Ethereum ecosystem. With Dust already in market and a patent pending, our elite team has already demonstrated their ability to solve complex technical problems and ship a quality product while operating with lim Continue reading >>
Preethi Kasireddy is a Blockchain Engineer who recently made her way from San Francisco to Los Angeles. She was previously a partner at Andreessen Horowitz, a banker at Goldman Sachs, and most recently a software engineer at Coinbase. She is currently the Founder & CEO of Schelling, a new blockchain startup. What is bitcoin? How do cryptocurrencies work? What is the blockchain? Preethi Kasireddy, a blockchain engineer, gives us a gentle introduction to the world of digital currencies. She walks us through how it all works, what developers should care about, and how she transitioned from a career in finance to being a blockchain engineer. [00:00:00.28] SY: (Music) Welcome to the CodeNewbie podcast, where we talk to people on their coding journey, in hopes of helping you on yours. I'm your host Saron, and today we're talking about cryptocurrencies. At the time of this recording, Bitcoin is worth over eleven thousand dollars. Bitcoin has gotten so big that I have family members who are not in tech in the slightest, text me and ask, have you heard about Bitcoin? You should invest. But what is Bitcoin, and how is it related to the blockchain? And what's all that got to do with cryptocurrencies? I have no idea. So I invited a guest to help us out. [00:00:44.29] PK: My name is Preethi Kasireddy, I'm a blockchain engineer, and I'm also an avid blogger and currently I'm starting a new company in the blockchain space, so I'm a founder of that, as well. [00:00:54.17] SY: She helps us break down the world of digital currencies - what they are, where they come from, how it actually works. After this. One of the best parts of being a coder is finally being able to bring your passions to life. You have the skills to design, to code, to create the thing you're excited about, and share Continue reading >>
Ethereum Price Analysis - Consolidation Likely In The Near Future
Ethereum Price Analysis - Consolidation likely in the near future Josh Olszewicz , 20 Dec 2017 - Ethereum , Opinion , Price Analysis Ethereum (ETH) has continued to push North, having gained 77% this month alone. The market cap now stands at US$73.2 billion with US$3.4 billion in trading volume over the past 24 hours. Recent talking points include a blog post by Preethi Kasireddy, fundamental challenges with public blockchains .The post outlines several problems faced by blockchain platforms at the moment; limited scalability, limited privacy, lack of formal contract verification, storage constraints, and unsustainable consensus mechanisms- to name a few. Scaling issues on Ethereum became apparent in a post-CryptoKitties world. The Decentralized Application (Dapp) helped pushed an already busy network to its limits upon release. In the span of four days, CryptoKitty transactions went from 3% of all Ethereum transactions to 11.77%. This resulted in transaction backlogs, network delays, and higher gas fees. The backlog of transactions currently stands at over 14,000 transactions. Ethereum is capable of running 10-30 transactions per second. Vitalik Buterin, Vlad Zamfir, and other Ethereum developers are currently working on a variety of scaling solutions, the most drastic being a switch from Proof of Work (PoW), or mining, to Proof of Stake (PoS). The decision between PoW and PoS circles back to the issue with consensus mechanisms. PoW favors those who can amass the most mining technology with the cheapest electricity whereas PoS favors those who accumulated assets early in the coins life cycle.PoS coins are currently underutilized compared to PoW coins in terms of transactions per day. There has been increasing concern lately over the amount of electricity being soaked Continue reading >>
5 Women To Watch In The Blockchain Space
In honor of Womens History Month, were focusing this months articles on influential women in technology who are making history by cultivating the digital future. Blockchain is a rapidly developing domain in which many women are playing a key role in helping cryptocurrencies and decentralized ledger technologies make great strides. With such a quick rise in popularity over the last few years, its important to know the folks who are shaping the future of blockchain and how we can learn from them moving forward. Below are five influential women to follow for thought leadership, news, and more in the blockchain space: Laura Shin is an independent journalist and former Forbes senior editor focusing on crypto assets, including Bitcoin, Ethereum, ICOs, token sales, and more. She is also the producer and host of two popular podcasts Unchained: Big Ideas From the Worlds of Blockchain and Cryptocurrency, and Unconfirmed: Insights and Analysis From the Top Minds in Crypto where she regularly interviews experts in the field about the future of blockchain and cryptocurrency. In 2016, Shin earned the Blockchain Award for Most Insightful Journalist thanks to her stellar work in the industry. Keep up with her latest work exploring how the decentralized web is changing our world over on Twitter . As Vice President of Digital Currency Group, a New York-based venture capital firm focusing its investments on building the blockchain ecosystem, Meltem Demirors has helped develop a star-studded portfolio of crypto companies like Coinbase and Ripple, making the currency more accessible in a quest to shape a new and improved financial system. Demirors is also a member of the World Economic Forums Global Future Council on Blockchain, an initiative to develop governance models in blockchain tech Continue reading >>
#18: Preethi Kasireddy How Investment Banker & A Vc Quit Her Job To Became A Software Engineer
Intro: Growing up were told that in order to be successful, you have to be a banker, a doctor, or a lawyer. Thats what the gatekeepers want us to think. But were a part of something bigger. Were part of a technological revolution. Either youre at the table or on the table. Getting eaten. 10X. Ruben: Yo, yo, yo, this is Ruben here so Im here with the homies Artur and Timur Meyster and this is the Breaking Into Startups Podcast. Timur, can you please tell the people what were doing today? Timur: Yeah so today, were recording our episode from Hack Reactor . Its about 8 pm on a Monday and were actually sitting in the back room on one of the floors of the Hack Reactor building. We kind of literally broke in because we just went up the elevator, went into the conference room in the back and if we step outside the room, theres people whiteboarding, talking about coding, theyre building apps, and were about to talk about how to break into startups. Artur, please introduce our guest. Artur: Yeah, Today we have a very special guest, Preethi Kasireddy, who is an engineer at Coinbase . Its a bitcoin startup, super hot. You guys should totally check it out. Preethi has a super interesting story of how she broke into tech. She started out in investment banking right out of school and then she joined Andreessen Horowitz which is at the top of the VC firms out here and you may have heard about her from her blog post called Why I Left the Best Job in the World, which talks about why she left VC to join Hack Reactor and learn how to code. Preethi, before we begin, can you take us back and tell us about where youre from and what you were up to before you broke into tech. Preethi: So I kind of loved all of the place when I was younger. I was born in Connecticut, moved to the Chicago, and Continue reading >>
Ethereums Fund Recovery Debate Has No Right Answer
By Carlos Terenzi in Cryptocurrency News Home Back in November, Ethereums second most popular client, Parity, was hacked. From the attack, 500,000 ETH have been compromised and there is no clear answer about how to solve the issue. There have been different proposals, votes and debates, but until now, theres not an answer about what to do. Parity Hack Funds What To Do With Them? A former partner at Andreessen Horowitz and software engineer at Coinbase, Preethi Kasireddy, said that there is no right answer to the Ethereum fund recovery debate. During the Ethereum community conference EDCON on May the 4th, Kasireddy said that it is time for the Ethereum community to define its collective values. During the last weeks some developers warned that the community could split due to the lack of consensus on the matter. Of course, there are several individuals that want to avoid this outcome and are doing all what they are able to find a solution. Theres no right answer obviously, because it there was a right answer we would have figured it out and move don a long time ago. The last month, a vote that included 4 million ETH, resulted in the opposition to restore the 500,000 ETH frozen during the parity hack. 55% percent of the votes were against the recovery, and 39,4% percent were in favour. Kasireddy explained that a formal governance method would not be the way to solve the problem. Thats why the community needs to determine which are its core principles and make the best decision as possible. Its a very culturally defining moment for Ethereum , because the answer is based on what our shared social norms are and what our shared political norms are. To be honest I dont think we know what those are, and thats why were stuck at this debate, commented Preethi Kasireddy at the ED Continue reading >>