Security, oracles, programmability and future developments, a must-read interview to understand and learn about the project and its direction.
1) My understanding is that this is a completely new blockchain in its own right. It‘s not a fork or layer of 2 existing blockchains?
👉 It is a blockchain entirely built from scratch which uses the Proof-of-Stake (PoS) algorithm
2) Faster than Ethereum and cheaper, but what about Algorand or Cosmos-derived blockchains (e.g. Terra)?
👉 The speed of Takamaka blockchain is constrained by the hardware resources made available by the nodes, so the network effect (intended as performance and scalability) is made by the hardware. Algorand introduced the Pure Pos (PPOS) delegating the security of the network to the owners of the tokens (and staking) and the ASA protocol to manage tokens which are not the blockchain native one.
TERRA instead, is a large and complex project, not only SC, derivatives and Stablecoin, but much more. COSMOS ( Atom ), makes blockchain interoperable, thanks to the substrates TENDERMINT and Cosmos SDK, optimizing performance and security. Takamaka is (will become) a programmable ecosystem, where SC processing, transactions and integration functions with IoT will bring new solutions. It is a solution halfway between the performance of ALGORAND and the programmability of TERRA.
A secure and monolithic blockchain on which , in the future, will be possible to provide interoperability with other solutions.
