In this episode, I talk with Paddy (aka Spartacusrex), the CTO, and he introduces my long-time favorite blockchain called Minima Global. Blockchain that runs on your phone or any edge device. Of course, we also talk about his journey into crypto/blockchain world, the early adoption of Bitcoin, and the appeal of decentralization.
Paddy explains how Minima was started and the importance of decentralization in their project. We talk about the business model of Minima and the launch of the network, the supply cap of Minima, and the minimum number of users needed for the successful decentralization of the network, including the full decentralization of Minima's servers, which happened in Jan2024, and the use of Minima in cars or writing MiniDapps on top of the network.
It seems that big things are coming for Minima, so check it out and get it for your phone, computer, or both.
Takeaways
The success of a blockchain project depends on the number of users and the level of decentralization achieved.
Minima Network aims to provide a user-friendly experience and make blockchain technology accessible to everyone.
It's better when people are not paid to secure the network, but rather, everyone has to provide a node for others to be able to participate in the network.
Chapters
00:00 Introduction to Minima Network
02:24 Paddy's Journey into Blockchain
04:07 Early Bitcoin Adoption
06:23 The Appeal of Decentralization
08:33 Starting Minima Network
12:36 The Importance of Decentralization
14:41 The Business Model of Minima
21:29 The Obviousness of Minima's Approach
23:36 The Launch of Minima
26:11 The Supply Cap of Minima
27:30 The Minimum Number of Users for Success
28:18 The Importance of User Experience
29:40 The Decentralization of Minima's Servers
30:47 The Use of Minima in Cars
34:14 Working with Car Companies
35:48 The Future of Minima
39:26 Anyone Can Write MiniDapps
41:13 The Importance of Community
42:26 Closing Remarks
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Web3 Magic Podcast
