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During the Parisian Proof of Talk event, where The Cryptonomist served as a media partner, we had the opportunity to interview Beniamin Mincu, CEO & Co-founder of a prominent blockchain network.
Beniamin Mincu, a distinguished web3 entrepreneur, stands at the helm of a leading blockchain platform. His influence in the blockchain sphere has been instrumental in developing scalable L1 solutions, with a focus on cross-chain security, interoperability, asset tokenization, and sovereign chains.
Under Mincu's leadership, the platform has established itself as a Top-100 L1 project, capable of processing up to 263,000 transactions per second. The ecosystem boasts over 8,200 dApps and 3,200 nodes, demonstrating its commitment to serving enterprises and the developer community.
Prior to his current role, Mincu co-founded and led Metachain Capital, a digital asset investment fund. The fund focused on fostering blockchain innovation through capital injection, strategic connections, and advisory services, with investments from notable projects including Polkadot and Tezos.
When asked about his long-term vision for the platform, Mincu emphasized the creation of infrastructure to support internet-scale on-chain activity across multiple sectors. He aims to move the blockchain space away from its current fragmented state, characterized by limited throughput and inadequate security measures. The platform's underlying sharding technology enables an efficient architecture for digital operations, resulting in a network that is fast, secure, and carbon-negative.
Regarding real-world applications, Mincu highlighted xPortal, a digital wallet used by millions worldwide for finance and on-chain experiences. The wallet simplifies complex blockchain interactions, providing an intuitive interface comparable to Web2 applications. The ecosystem, comprising over 8,000 apps, extends beyond crypto payments to include Web3 games, digital asset marketplaces, DeFi solutions, bridges, launchpads, and developer tools.
Mincu also mentioned PlayFi, a GameFi project targeting over 3 billion gamers globally. PlayFi enables developers to integrate web3 gaming features into traditional games, creating an intersection between GameFi and conventional gaming, similar to a permissionless Fortnite tournament.
The platform's focus on simplicity and ease of development has positioned it as a leading blockchain network for game development. This is evidenced by 263 notable GitHub events, surpassing competitors in the space.
Discussing the platform's unique features, Mincu emphasized its sharding technology, which allows for scalability beyond the capabilities of other networks. Developers are incentivized with 30% of gas fees when their smart contracts are called. The platform's partnerships with major cloud providers have led to blockchain infrastructure solutions that simplify application development for newcomers.
Mincu elaborated on the platform's high throughput, explaining how sharding technology multiplies network capabilities. This approach enables high-performance use cases on the L1 infrastructure and potentially hundreds of L2s exploring Sovereign Chains. The network maintains security, speed, and energy efficiency even during periods of exponential activity.
To attract developers, the platform offers Sovereign Chains, providing a foundation for building next-generation dApps and ensuring interoperability with major blockchain networks. A $1 million grant program supports builders, and a comprehensive Developer Resource Library is available to facilitate seamless development.
Regarding regulatory navigation, Mincu stressed the importance of collaboration with multiple stakeholders, including government officials. The platform has showcased blockchain technology's potential at the institutional level, with examples like Romania's first institutional NFT marketplace launched on the network.
Environmental sustainability is a key focus, with the platform offsetting more CO2 than its energy footprint since 2021. Its annual carbon footprint is significantly lower than that of traditional financial systems and other major cryptocurrencies.
User experience enhancements include Sovereign Chains, which improve transaction throughput, reduce latency, and lower fees. Developers have unprecedented flexibility to customize various aspects of their blockchain, including security models and governance mechanisms.
Security mechanisms include a large number of participating validator nodes, random shuffling of nodes between shards, and a bounty program to identify and address vulnerabilities.
Looking ahead, Mincu revealed plans for network upgrades aimed at achieving sub-second finality, enhancing privacy through Zero-Knowledge confidential transactions, and introducing on-chain support for mobile biometrics and passkeys. The platform continues to prioritize Sovereign Chains, engaging in advanced discussions with enterprises interested in developing scalable, cost-effective on-chain solutions.