#94 Zhuling Chen – The Mechanics of Crypto Explained

Zhuling Chen is the founder and CEO of RockX, a gateway to crypto finance and blockchains. RockX aims to lead the digital staking economy with its bespoke security and technology for Web 3.0.

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(00:00) Partnership: KS Media
(01:42) Introduction
(03:26) What does crypto mean to you? 
(10:23) How crypto has changed ownership
(15:00) Central bank intervention vs. bitcoin
(17:45) Proof of work (PoW) consensus mechanism
(22:37) Is the energy consumption of PoW justified?
(27:13) Proof of stake and decentralisation 
(32:37) Harsh learnings in the crypto industry 
(35:10) The uses cases & benefits of staking
(42:30) Security issues of staking pools
(48:10) The problems & risks of staking
(53:27) Career advice in the crypto industry

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