There are urban legends about how Ethereum was created. The narrative centers on an oddball team of programmers that expanded upon a white paper by Vitalik Buterin. Buterin is credited with helping create the popular blockchain network.
Two of Buterin’s early partners have turned against him and created competing cryptocurrencies to Ethereum. Gavin Wood, as Polkadot, and Charles Hoskinson, aka Cardano, were two of Buterin’s early partners.
Another co-founder is announcing the development of a significant blockchain enterprise of his own. However, this co-founder asserts that it would support decentralization and complement Ethereum.
The Man Behind the Project
Anthony Di Iorio is the mastermind behind the new business initiative known as Andiami. Due to earnings from his early investments in Ethereum and other cryptocurrencies, Di Iorio is now quite wealthy. If his new business is successful, it may aid in developing Web3, a decentralized internet.
Di Iorio coined the Italian expression Andiami, which means “let’s go together” in direct translation. Di Iorio revealed Andiami as part of the W3B summit’s opening ceremony on Monday on a stage in the heart of Toronto.
The project’s launch will take place over several years and include tokens and a novel system. However, the launch will primarily be concerned with dispersing 3,000 Cube consoles. Then, a random selection of people from around the world on a “white list” will get copies.
Di Iorio highlighted that the Cubes, which he compares to Xbox-like gadgets, would be crucial to resolving what he perceives to be the two most essential difficulties confronting Web3 in an interview with Fortune.
Centralized decentralization’s conundrum and the survival of Web2-based business models. Due to the persistence of Web2 business models, both problems are impeded.
Di Iorio thinks that endowing people with specific skills will help to solve this issue. One of these skills is the ability to replace these centralized actors on the blockchain by installing their hardware.
Due to this concept, the Cubes, which would act as decentralized servers, were created. The servers can communicate with any significant blockchain and store 12 terabytes of data. In addition, the servers can also keep copies of transaction validation and ledger histories.
Di Iorio has said that the Cubes would be fully functional, chain-agnostic nodes that can be easily plugged into existing infrastructure. According to Di Iorio, a user-controlled internet is impossible without a person owning their own server.
He says you won’t even have to give up your identity to join. To further the cause of decentralization, the only information that will be required is their first name. He suggests that those chosen to get one to utilize a P.O. Box. He says that to protect the receivers’ privacy, Andiami would later destroy the data.
The price range for the Cubes and the related kit will range from $300 to $5,000. Those with lower incomes will be able to access cheaper options. Di Iorio’s strategy to eliminate venture capitalists includes this. He claims that capitalists have significantly aided in the concentration of the blockchain industry.