Riccardo “Fluffy Pony” Spagni and a team of industry experts have announced a brand new protocol built on top of the Monero network. Designed with never before seen features, Tari is positioned to become more than another “me-too” protocol that enables token creation.
Since I’ve gotten into bitcoin, the question in my mind has never been “will cryptocurrency revolutionize the financial world?” As I learned about Bitcoin, the question quickly became “Is Bitcoin the iteration of cryptocurrency that will revolutionize the financial world?” and so far, it has been. But other coins have carved our significant portions of the network. None of those are as big and influential as Ethereum.
In some ways, Ethereum[1] is objectively superior to Bitcoin. It is more flexible and powerful than Bitcoin. But it hasn’t taken over bitcoin, because bitcoin has its own advantages. It is better at being a store and transfer of simple value. It is simple and secure. So they became different coins designed to be different things. And so the question changed again, into two questions.
“Will Bitcoin be the iteration of cryptocurrency that revolutionizes the financial world?”
and “Will Ethereum be the iteration of cryptocurrency that brings about the DApp revolution?”
The second is a bit simplistic. Ethereum can do other things and Bitcoin still has a role to play in DApps, and could even overtake Ethereum, but that is the basic idea.
Tari aims to be not just Ethereum’s first real competition in the space, but perhaps the next evolution of the token economy.
Tari Co-founder and lead developer Riccardo “Fluffy Pony” Spagni sat down with Oliver Carding and Cameron Carpenter from CoinJournal at Consensus[2] to explain his vision for the coin announced today.
If that name sounds familiar to you,