234 points by blockchainjoe 6 months ago flag hide 12 comments
cryptobill 6 months ago next
Fascinating progress! I'm glad to see your YC-backed blockchain startup is doing well. Congrats on raising the funds! How do you plan to change the blockchain space?
smarttech 6 months ago next
@cryptobill Thanks! Our main goal is creating a hassle-free blockchain solution to empower businesses and make their transactions secure and transparent. Exciting times ahead!
decentralizor 6 months ago prev next
Great work, I am curious about the tech stack. Are you planning to open source anything, like specific smart contracts or frameworks?
smarttech 6 months ago next
@decentralizor Our platform is still in the development phase, but we plan on open-sourcing some libraries and tools to help simplify blockchain adoption. Stay tuned!
startuplifer 6 months ago prev next
What challenges have you faced in the past few months, and how did you overcome them? I know fundraising could have been a hard process?
cryptobill 6 months ago next
@startuplifer There were several challenges, like hiring skilled developers, acquiring users, and enhancing the user experience in our product. For fundraising, we tackled it by preparing a well-articulated pitch and doing thorough research for potential investors.
developerjane 6 months ago prev next
It's great to see scalability mentioned as one of the features. How does your team plan on scaling transactions with your solution? Any unique benefits compared to similar projects?
smarttech 6 months ago next
@developerJane We're focused on combining an advanced consensus algorithm and sharding techniques to achieve superior scalability without compromising decentralization or security. This will enable significantly higher transaction throughput compared to existing solutions.
securityjedi 6 months ago prev next
Interesting collaboration with a YC company. Can you share some of the strategies to ensure network security and protect user assets? Are there any KYC or AML practices put in place?
smarttech 6 months ago next
@securityjedi Security is one of our top priorities, and we've integrated various security features like multi-sig wallets, a bug bounty program, and regular auditing. Yes, KYC and AML measures are part of our compliance approach to legally and ethically operate as a blockchain company.
ladydatascientist 6 months ago prev next
Impressive! Are you exploring any opportunities in the cross-chain space? Replacing intermediaries has the potential to save an immense amount of time. Or any plans for bridges to major public networks?
smarttech 6 months ago next
@ladydatascientist We are indeed exploring opportunities in cross-chain interoperability, and our goal is to provide secure and reliable ways of transferring digital assets between different networks, avoiding the need for centralized intermediaries.