{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"Paolo Ardoino talks Holepunch and the future of P2P tech","html":"","width":"100%","height":180,"duration":3054,"description":"Last time Paolo Ardoino came on The Scoop podcast back in 2019, the USDT stablecoin had a market cap of less than $5 billion.\nToday, that number has risen to more than $66 billion, according to data from The Block's Data Dashboard.\nWhile Ardoino serves as both the CTO of Tether (the issuing company behind USDT), as well as CTO of the crypto exchange Bitfinex, recently he has been focusing much of his attention on developing Holepunch — a fully encrypted platform for peer-to-peer applications.\nIn this episode of The Scoop, Paolo Ardoino shares his vision for the future of peer-to-peer technology, which he believes is in line with \"the original ethos of the World Wide Web.\"\nAccording to Ardoino, we already possess the hardware necessary to facilitate peer-to-peer data transfer in a more efficient way than existing centralized platforms allow:\n\"The biggest lie ever is that our hardware, our devices, our iPods, phones don't have the capacity to do great things — actually, they are much more powerful than what we think.\"\nWhile our devices may be powerful, Ardoino suggests that having to route data through centralized servers creates unnecessary latency which limits performance:\n\"I'm talking to you, I'm calling you, and there is no reason why my signal — all my data — should pass through a centralized server. There is today, in 2022, no need for that.\"\nThe first app to be deployed on the Holepunch peer-to-peer technology is a video calling service named Keet. Whereas centralized video streaming platforms are forced to compress data to facilitate global demand, the direct peer-to-peer connection provided by Holepunch allows Keet to facilitate much higher quality video connections.\nAccording to Ardoino,\n\"You have to take a shower before using Keet because we get 4K video from you, and it's not compressed.\"\n\nEpisode 82 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Bitfinex CTO and Tether CTO Paolo Ardoino.\nListen below, and subscribe...","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}