Is Canton a Real Blockchain? | Canton Founder Yuval Rooz
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The second you have the world real world, unfortunately you open yourself to censorship resistance by the issuer. Doesn't matter that you put it on a decentralized infrastructure. Ryan, David, do you guys use stablecoins?
Yeah of course.
You do? Cool. Okay. Well the issuers of those stablecoins pretty confident have in the smart contract a feature that allows them either to freeze your stablecoins or to in some cases even burn them out of your wallet. So what does it matter that it runs on permissionless infrastructure? I mean, there are reasons why it's good that it runs on permissionless infrastructure, but you're not getting what Vitalik is putting in his post.
Bankless Nation, we are here with Yuval Roos. He is the cofounder of Digital Asset, which is the parent company behind the Canton Network, which is a subject that we've got some questions about today here on the show. Yuval, welcome to Bankless. Yeah. Great to be here. I think my my first question, and I think you probably watched me react to this when Ryan was telling me about the Canton Network on the weekly roll up. That was the first time that Canton had ever been invoked on the show. Where did Canton come from? Because all of a sudden, there is a multibillion dollar network on the scene w
Yeah. So first of all thank you again for for having me. I'm I'm really excited and and you know funny story I was driving in Canada in the snow while listening to your end of year recap. There was I have to say it meant to be because there was one point where you were talking about stocks. And then you said, in in beginning of the year we're gonna talk. And just before you said that I was about to pause, stop the car and take a note to talk to you guys about that. And then he said, oh, we're gonna be talking to you all. So I was like, that's perfect timing. But we're not we're not the parent
That's also kind of the surprising thing. So I think maybe what might have been funny to you when you heard me react to the existence of this, like, $3,000,000,000 network that I had that I'd never heard of is that, well, you had also started it, like, almost a decade ago, and you were doing all of this work prior in closed doors behind behind, you know, closed doors, and then you're doing the token thing last, which is when a lot of the crypto natives pay attention because, like, oh, now it shows up on CoinGecko, so now it's, like, real to us. But nonetheless, a lot of work had been done behi
Yeah and listen I think hand on heart it was pretty hard decision in 2017 not to do an ICO. Really hard decision because it was extremely enticing. Mean look yes.
Mean no worries.
You know? But we can talk a lot about maybe Vitalik's post from two days ago which I actually think is an incredible post in a very positive way to be clear. Our view was that we're trying to launch something that will run different types of financial services in twenty, thirty, forty, fifty years. And doing the ICO in 2017 seemed to us like a very short term kind of solution to a problem that we were not ready in our opinion to kind of tackle and as a result of that we decided not to and even in the pre mine era we decided again we were not ready. And again I think that it's taken us quite a
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