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On Iris, subscriber data stays inside the telecom operator's own systems. The chain only handles proof and settlement, so authorized parties can verify a record they already hold. Proof, never data. (Ryan Alvarez at Avalanche🔺 Summit)

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Iris Network

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11,930 Aufrufe • vor 18 Tagen •via X (Twitter)

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Telecom operators are very serious businesses. We needed a chain that was built for business, and Avalanche🔺 worked extremely well for us. -Jules Miller ✨, Iris CEO (via CoinDesk)
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Avalanche's co-founder helped build a proof-of-work currency six years before Bitcoin... Emin Gün Sirer (Emin Gün Sirer🔺⚔️) co-designed Karma at Cornell in 2003 with two of his students. His bios call it the first currency to mint coins through proof-of-work, though Wei Dai's 1998 b-money proposal sketched the idea earlier. Karma aimed to stop freeloading on file-sharing networks by tracking what each user gave and took, long before Bitcoin introduced proof-of-work money. In 2013, he and Ittay Eyal found a flaw in Bitcoin's mining rules. A group of miners could secretly hold back the blocks they found, then release them at the right moment to wipe out rivals' work. Even a minority of miners could earn more than they should. The attack is now known as "selfish mining". He later co-founded Ava Labs 🔺, the company behind Avalanche (Avalanche🔺), and still runs it as CEO.

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