In Conversation with Popo Chen- Founder Cobinhood, Dexon Protocol
I have had the privilege to spend a lot of time with Popo over the last few months. He is one of the most interesting entrepreneurs I have met during my travels to Asia. I am also advising him & his team on www.dexon.org which seems to solve both the scalability and latency problem in existing blockchain. We were recently in San Francisco together and I got a chance to ask him some questions about his journey in entrepreneurship and blockchain.
Q: Can you please give a short intro about yourself?
I am a serial entrepreneur who always shoots for opportunities that have the strongest impact in reshaping and improving the world. I previously founded M17, a video streaming app & Cobinhood, a 0 commission crypto exchange.
Blockchain is revolutionizing the financial landscape in the world but suffers from problems such us low scalability, high transaction latency, and high transaction fee problem, blocking the mass adoption of decentralized ledger technology. DEXON goes beyond blockchain as we know of today with its state-of-the-art block-lattice technology to provide the ultimate solution for hosting real-world practical mass-adopted decentralized applications serving billion+ people. DEXON is capable of processing 1M+ TPS with transaction confirmation latency ~1 second. Moreover, DEXON consensus is mathematically rigorously proven to be secure.
Q: What motivated you to get into blockchain & Crypto?
To solve the fundamental bottleneck of blockchain technology and to drive the revolution of decentralized tech.
Q: What were you doing before Crypto/Blockchain? What additional skills were needed to get involved in Crypto?
I was doing live stream business called 17 Media (17.media) which was the most popular live streaming platform across SEA with 5M+ DAU. 17 Media was later acquired by Singapore Paktor group at 200M USD valuation. In order to master the cryptocurrency space, it takes a lot of effort into studying consensus algorithms, cryptography, economical reward mechanisms, crypto economics, and game theories.
Q: What is the main problem you or your organization is excited to solve in this fast-evolving space? Why is this important?
DEXON goes beyond blockchain as we know of today with its state-of-the-art blocklattice technology to provide the ultimate solution for hosting real-world practical mass-adopted decentralized applications serving billion+ people. DEXON is capable of processing 1M+ TPS with transaction confirmation latency ~1 second. Moreover, DEXON consensus is mathematically rigorously proven to be secure.
Q: What do you think are the biggest challenges in the industry or your geography?
FIAT solutions, stable coins, and legalization of cryptocurrencies/crypto exchanges.
Q: Beyond your own project, which other blockchain projects are you excited about? Why?
Definity / Algorand. Their algorithmic design is very elegant.
Q: Any Books or individuals that have completely changed your perspective on Blockchain?
Vitalik’s blogs mainly.
Q: What should anyone new to the space look out for?
DEXON and stable coin projects!!
