Ethereum co-founder Anthony Di Iorio announces giant blockchain project Andiam


The creation of Ethereum is a legend. The tale, told in several books, follows a motley group of programmers who, after much drama and chaos, build the world’s most famous blockchain, based on a white paper written by 19-year-old genius Vitalik Buterin. Two of those early collaborators, Gavin Wood and Charles Hoskinson, would go on to launch Buterin and Ethereum rivals Polkadot and Cardano, and now another co-founder is launching his own massive blockchain project, but one he says is complementary. to Ethereum and will promote decentralization.

The new project Andiami is the brainchild of Anthony Di Iorio, who loves Buteri from Toronto and is known for early stage funding of Ethereum. Today, Di Iorio is rich thanks to the proceeds from his initial stake in Ethereum and other cryptocurrency investments, and if his new venture succeeds, it could be a key pillar in achieving the elusive goal of a decentralized internet known as Web3.

‘Let’s go together’

On Monday night, as part of the start of the W3B summit, Di Iorio took to a stage in downtown Toronto to officially announce Andiami, an Italian word that translates to “Let’s go together.” Launching the project will be a multi-year undertaking involving tokens and a new protocol, but will essentially revolve around sending 3,000 console units, known as Cubes, to people around the world who will be randomly selected from a whitelist.

in an interview with LuckDi Iorio explained that the Cubes, which he described as Xbox-like devices, would be key to solving the two main problems hindering Web3: the paradox of centralized decentralization and the sustainability of Web2 business models.

The term “centralized decentralization” refers to the phenomenon where important components of Ethereum, which are nominally supposed to be free of any central authority, are increasingly controlled by a few large players. These include companies such as Alchemy and Infura, which provide the infrastructure that helps companies interact with the blockchain, and recently, Coinbase and Lido, which are responsible for validating transactions under Ethereum’s new proof-of-stake system. At the same time, these big players rely on the centralized servers of Web2 behemoths like Amazon and Google to run their operations.

The solution, Di Iorio believes, is to empower individuals to replace these centralized blockchain actors by deploying their own hardware – thus Cubes will act as decentralized servers that can store 12 terabytes of data and interact with any underlying blockchain, storing copies of ledger histories and transactions. to confirm.

“Cubes will be full nodes with indexed blockchain data for any given chain,” Di Iorio explains. “You can’t have a user-driven internet if the user doesn’t have their own server.”

To further promote decentralization, he notes, registrants will not need to provide any personally identifiable information other than name. He suggests that those selected to receive use a mailbox, and says that Andiam will destroy this information to preserve anonymity.

The cubes and accompanying kit will be sold on a sliding scale from $300 to $5,000, with cheaper ones aimed at low-income participants — part of Di Iorio’s plan to cut out venture capitalists who contribute heavily to centralization. in the blockchain world.

Tokens, a search game, a long presentation

Di Iorio, like many in the crypto community, is a lifelong fan of games and puzzles, so it’s no surprise that Andiami has a heavy gaming element. First, those who sign up for a Cube will receive the “Quest for Freedom” set, which requires them to solve a series of physical and digital puzzles to earn “Digital Life Tokens.”

The tokens will be used in the economy of the future node-sharing protocol that Andiami is building and will allow their holders to participate in the market to allocate resources to various blockchain operations. Cube owners who will communicate with each other through the future protocol will eventually receive tokens as a reward for hosting and sharing node data.

Di Iorio said Luck Andiami said he has not decided on the nature of the tokens, but that they would like to come in the form of a so-called Layer 2, built on top of Ethereum.

Cube owners will also receive a physical identification chip, which will serve as proof of ownership and identity with their phone — a feature Andiami calls “NFP” for non-workable individuals.

As mentioned, this is all a massively ambitious undertaking, even by the standards of blockchain projects. For this reason, Di Iorio has given himself a long timeline, with tokens to be distributed at the end of 2023 and the Cubes arriving by the end of 2024.

Of course, it’s too early to know if all or any of this will come to fruition, although Di Iorio certainly has the resources to give it a shot. It’s also worth noting that projects started by Ethereum’s compatriots, Hoskinson and Wood, now command multi-billion dollar valuations. It is not excluded that Andiami may achieve this one day.

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