Ethereum Co-Founder Anthony Di Iorio Announces Major Blockchain Project Andiami

The founding of Ethereum is a legend. The story, told in several book. Two of those early collaborators, Gavin Wood and Charles Hoskinson, later turned on Buterin and launched Ethereum rivals Polkadot and Cardano, and now another co-founder is launching a project. its own big blockchain — but a project he says is an addition to Ethereum and will promote decentralization.

new project, Andiami, is the brainchild of Anthony Di Iorio, who, like Buterin, hails from Toronto and is best known for funding Ethereum in its infancy. Today, Di Iorio is rich with the proceeds of his initial investment in Ethereum and other crypto investments, and if his new project is successful, it could be a key pillar in achieving the elusive goal of a decentralized internet known as Web3.

‘Let’s go together’

On Monday night, as part of the warm-up match for W3B . Summit, Di Iorio took to a stage in downtown Toronto to officially announce Andiami — an Italian word he coined for “Let’s go together.” Launching the project will be a multi-year work involving tokens and a new protocol, but its core revolves around shipping 3,000 units of consoles called Cubes to everyone. around the world, who will be randomly selected from the white list.

In an interview with LuckDi Iorio explains that Cubes, which he describes as an Xbox-like device, will be the foundation for solving what he believes are the two big problems plaguing Web3: The paradox of centralization and persistence. of Web2 business models.

The term “centralized decentralization” refers to the phenomenon that key components of Ethereum, which are nominally devoid of any central authority, are increasingly operated by a handful of major players. These include Alchemy and Infura, which provide the infrastructure to help companies interact with the blockchain, and more recently Coinbase and Lido, responsible for validating transactions under the new Ethereum proof-of-stake system. Meanwhile, these big players are relying on centralized servers of Web2 giants like Amazon and Google to carry out their activities.

Di Iorio believes that the solution to this is to empower individuals to replace these centralized blockchain actors by implementing their own hardware — the Cubes, therefore, will act as decentralized servers. The center is capable of storing 12 terabytes of data and can interact with any large block. blockchain, which stores copies of the ledger history and validates transactions.

Di Iorio explains: “The Cubes will be plug-and-play full nodes with indexed blockchain data for any chain. “You can’t have a user-controlled Internet if the users don’t have their own servers.”

To promote further decentralization, he said that registrants will not need to provide any identifying information other than names. He offered select people to receive a mailbox and said that Andiami would then destroy that information to protect anonymity.

Cubes and accompanying kits will be sold on a $300 to $5,000 sliding scale with cheaper ones available to low-income participants — part of Di Iorio’s plan to weed out investors. venture capitalists who have largely contributed to centralization. in the blockchain field.

Tokens, a quest game, an extended release

Di Iorio, like many in the crypto community, is a lifelong fan of games and puzzles, so it’s no surprise that Andiami has a heavy gaming element to it. Those who pre-register for Cube will receive a set of “Quest for Liberty” that requires them to solve a series of physical and digital puzzles to receive “Digital Life Tokens”.

The tokens will be used in the economy of a future node-sharing protocol that Andiami is building, allowing holders to participate in a marketplace to allocate resources to other blockchain operations. together. Cube holders, who will connect to each other via the protocol in the future, will eventually receive tokens as a reward for storing and sharing node data.

Di Iorio says Luck that Andiami has not decided on the nature of the tokens but they will be like in the form of so-called Layer 2 built on top of Ethereum.

Cube owners will also receive a physical authentication chip that, along with their phone, will serve as proof of ownership and identity — a feature Andiami calls “NFPs” for Non- Fungible Physiques.

As noted, all of these are ambitious undertakings, even by the standards of blockchain projects. For this reason, Di Iorio has had a long time, with tokens expected to be distributed by the end of 2023 and the Cubes to arrive by the end of 2024 at the latest.

Of course, it’s too early to tell if all of this – or anything – will materialize, although Di Iorio certainly has the resources to make it happen. It should also be noted that the projects started by his countrymen from the early days of Ethereum, Hoskinson and Wood, are currently valued at billions of dollars. It’s no exaggeration that Andiami might achieve that one day.

Register Fortune feature email list so you don’t miss our biggest features, exclusive interviews and surveys.


Kig News: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button