The Michael Caz Podcast brings you the latest in health, business, relationship, and adventure.
Manage episode 278356949 series 2533102
In today’s episode, Steve is joined by Zen, the CEO of Torus, where they address decentralization of key management in cryptocurrency. To start things off, Zen shares that he was drawn to the idea of decentralization, and his first experience being mining coin, drawing him away from his career as a software engineer. Bitcoin and dot coin, according to Zen, wasn’t the end game. Though financial freedom was elating, it was a talk he attended in 2016 in Singapore that sold it for him. Impressed by the speaker’s eloquence and ease speaking on bitcoin to a room full of people in suits, his life was practically transformed forever. In his early days, Zen shares that he was involved in several scalable projects before founding Torres. Interestingly, at first, Torres was created as a side project with one of Zen’s co-founders to address identity management. Eventually, seeing the increasing need for more knowledge in the field, branched it out to something much bigger. To help newbies understand how the company works, Zen elaborates that Torus is more of an experience than simple words can describe it. To try it out at home, Zen says to head over to app.tor.us to try out the Torus wallet using whatever social media platform the user prefers. The experience, according to Zen, can be summed up as a one-click login into a crypto experience, just like any other traditional platform like PayPal, eBay, or Amazon. The processes behind it are a lot more complicated, however. They leverage an academic scheme called distributor key generation that splits a user’s key into three parts: base flow. One remains with the Torus network, while the other two are available to the user. When the user logs in, they get their off token, which Zen emphasizes, doesn’t distort the user’s data in any way. Their software provides a web tree program, which allows users to enjoy a more integrated experience. These completely abstracts all interactions performed by the Torus network. They’re integrated on most wallets and remain practically invisible on most applications as the user is browsing through.