Nubit is the future of decentralized consumer networks based on Bitcoin - Yu Feng

Recently, Founder of Nubit had an interview while he was at the #KBW2024. Belows are highlight from the video:

TL;DR:

This video features Yu-Feng, the founder and CEO of Nubit, discussing the future of decentralized consumer networks based on Bitcoin. He explains how Nubit aims to bridge traditional web 2 developers into the web 3 space without requiring them to learn complex blockchain details. The video also covers the challenges of integrating web 2 and web 3, the role of Bitcoin in ensuring security and scalability, and the potential future of these ecosystems.

Highlights:

  • Introduction to Nubit

    • Decentralized consumer network

    • Secured by Bitcoin

    • Bridging web 2 and web 3

  • Shift in focus

    • From secure data availability

    • To bridging web 2 and web 3

    • Importance of developer onboarding

  • Challenges in integration

    • Existing blockchain building blocks

    • Last mileage problem

    • Decentralized SDK solution

  • Security and scalability

    • Bitcoin’s authenticity and limitations

    • Proof of Stake protocol

    • Economic security through Bitcoin stakers

  • Mass adoption and Telegram

    • Web 3 projects’ adoption issues

    • Leveraging Telegram’s user base

    • Decentralized SDK for seamless integration

  • Future vision

    • Need for consumer traction

    • Disappearing barriers between web 2 and web 3

    • Nubit’s role in bridging the gap

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