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Layer One and Layer Two of the Blockchain - The Third Coin Podcast, Episode 6
Manage episode 317866778 series 3288315
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This episode is packed full of raw, unadulterated, unbiased information about Ethereum, gas fees, obscure Blockchain Tokens, defi in the crypto world, forks, and how to mint NFTs without paying huge gas fees. This is Layer One and Layer Two of the Blockchain - The Third Coin Podcast, Episode 6
(00:01:15) The discussion opens with a question about proof of work. This transitions quickly into payment platforms and the utility of blockchain. This is layer two.
(00:02:55) After a brief opening Grant moves to discuss what and why level two on a blockchain. He explains the functionality around the factors of scalability, decentralization, and security.
(00:04:21) We start to talk about proof of stake coin, (tokens)
(00:05:40) After a min or so Grant finally steps in and starts to explain it from a basic understanding.
(00:10:11) Lewis asks about proof of stake on the Ethereum chain.
(00:11:33) Grant covers forks in a blockchain and we converse about Ethereum and other things.
(00:19:04) Dan explains how the Ethereum coin works and then tells us what he really thinks. Video excerpt.
(00:20:27) Grant brings up Shibe Token when he looks at the project at the beginning of the year.
(00:23:16) Grant brings up Defi, decentralized finance, and its implications.
(00:27:03) Lewis Asks about the regulation of defi and Grant elaborates on it.
(00:30:49) The topic moves to why Eth is gaining right now.
(00:32:58) Dan talks about when he found out about bitcoin and bought some when it was 10 bucks.
(00:34:30) Dan tells us about Buff DogeCoin and his experience with it.
(00:40:05) HUGE INSIGHT! Grant explains how to get NFTs onto the Ethereum blockchain without paying gas fees for minting.
(00:41:35) We talk about NFTs and who owns what, including the Quentin Tarantino NFT Pulp Fiction lawsuit.
That wraps up today's episode.
Thank you for checking out our video.
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If you prefer to listen to this in podcast format, all of our platforms can be found here:
https://anchor.fm/thethirdcoin
The hosts of The Third Coin Podcast are:
Dan Mueller - crypto veteran
https://www.facebook.com/dishmandan
Grant Cermak - Crypto Guru and founder of www.irulast.com
https://mobile.twitter.com/grantosan
https://mobile.twitter.com/CoinTheThird
and
Lewis May - marketer, rally race car owner, and co-driver
https://hammersportmarketing.com/
https://www.facebook.com/lewis.t.may
https://www.linkedin.com/in/lewistmay/
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