Interview with Luke Stokes Managing Director at FIO


Manage episode 259711612 series 2533102
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Luke Stokes, the Managing Director of FIO, sits in with today's DIVI podcast co-hosts Steve McGarry and DIVI CEO Geoff McCabe. Luke Stokes talks about Steem’s takeover as Justin Sun's Tron Foundation bought 20% of its total token supply last February. Stokes explained that Steem is a delegated-proof-of-stake blockchain where tokens may be used to vote for governance. Steemit Inc.'s original consensus on its ninja-mined stake is for these stakes to be for specific categories in promoting the network and not to dominate Steem. Stokes mentions that though Sun bought a part of Steem's token supply, it does not mean he runs the blockchain. Major developers and stakeholders also had a lot of questions that needed answers, Stoke says. Stokes also mentioned a controversy on non-distribution of these ninja-mined stakes to its account holders. Other disputes include censorship and blocking of members. -- Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.

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