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The Crypto Maniacs Podcast - Episode 213 w/ Vaultec by jongolson

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hive-167922 · @jongolson ·
$77.95
The Crypto Maniacs Podcast - Episode 213 w/ Vaultec
<center>

[![](https://ipfs-3speak.b-cdn.net/ipfs/bafkreihn42ls4mh4kkmdp4mm42w3xcupfkikaxg5d4w26sits5zzcgqzde/)](https://3speak.tv/watch?v=jongolson/nympekqb)

▢️ [Watch on 3Speak](https://3speak.tv/watch?v=jongolson/nympekqb)

</center>

---

Not yet excited about what's being built on Hive?

Give a listen to the latest podcast we hosted with @vaultec and if you still aren't, check your pulse!

The lead developer behind 3speak popped by the show to discuss the **Virtual Smart Contract** (vsc.network) platform that they are building on top of Hive.

Yeah, it's no secret.....Taskmaster and I are fan boys of not only Hive but also the entire SPK Network / 3speak team so....

This was an episode we did not want to miss :)

Hope you guys enjoy the show!

---

We stream live each and every week!

We're live on:

[YouTube](https://www.youtube.com/c/plus1daily)

[Vimm](https://www.vimm.tv/c/ctptalk)

---

▢️ [3Speak](https://3speak.tv/watch?v=jongolson/nympekqb)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 713 others
πŸ‘Ž  , , ,
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vote details (781)
@ai-summaries · 
**Episode Summary:**

The podcast episode featured a guest, Vaultec, discussing various projects on the Hive blockchain, particularly focusing on Virtual Smart Contracts (VSC) and decentralized applications within the Hive ecosystem. The discussion highlighted the significance of scalability, smart contract functionalities, and the innovative use of IPFS technology in enhancing blockchain platforms. Topics included the VSC project's aim to revolutionize smart contracts on Hive, fee structures for smart contract interactions, and the potential implications for the Hive blockchain ecosystem.

**Detailed Article:**

The podcast episode delved into the innovative developments within the Hive blockchain ecosystem, with a spotlight on Virtual Smart Contracts (VSC) and the SPK Network. The guest, Vaultec, shared insights into his journey in the cryptocurrency space and his involvement in projects like 3Speak and the SPK Network.

The conversation emphasized VSC's role in enhancing smart contract capabilities and scalability on Hive. VSC distinguishes itself by offering a generalist approach to smart contracts, aiming to enable a broader range of deployments with a focus on scalability. The unique data storage approach on IPFS sets VSC apart from existing projects like dlux, allowing for efficient data shedding and sharding to manage large volumes of contract data effectively.

One key aspect discussed was VSC's utilization of IPFS for data storage, enabling a lightweight transaction structure that enhances scalability and efficiency. The platform's focus on specific data indexing based on contract needs contributes to its scalability and functionality.

The episode also tackled the debate surrounding smart contracts on-chain versus off-chain, with an emphasis on addressing scalability concerns through off-chain operations while retaining core functionalities on-chain. Future possibilities enabled by VSC, such as tokenization, NFTs, and gaming initiatives like Splinterlands, were highlighted as key use cases that could benefit from VSC's enhanced smart contract functionalities.

Fee structures for smart contract interactions were detailed, including base fees for executions and incentives for node participation in contract creation. The seamless handling of operations within smart contracts, with a single fee regardless of task complexity, underscored VSC's user-friendly approach.

The episode concluded with a peek into the potential impact of introducing HBD (Hive-backed dollars) to the Hive blockchain ecosystem and hinted at future integrations with platforms like ThreeSpeak. The collaborative efforts within the blockchain community to enhance user experiences, drive adoption, and foster innovation were central themes throughout the discussion.

In essence, the episode provided a comprehensive exploration of VSC, highlighting its role in advancing smart contract functionalities and scalability on the Hive blockchain. The detailed insights into fee structures, technical implementations, and use cases for VSC underscored the ongoing efforts to propel blockchain platforms like Hive towards greater adoption and functionality in the decentralized landscape.

---

*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
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@dkid14 ·
$0.05
I love how consistent you all are with this. I need to listen more often. 

!PIZZA
πŸ‘  
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vote details (1)
@jongolson ·
$0.07
I have no plan B lolol So for me, it's all day, every day :)
πŸ‘  
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@dkid14 ·
$0.05
Love it. How is the truck driving going. I haven’t seen an update. Or I missed th update. 

!CTP
πŸ‘  
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vote details (1)
@india-leo ·
Indiaunited Curation 1682474751078
This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>
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@jfang003 ·
RE: The Crypto Maniacs Podcast - Episode 213 w/ Vaultec
Nice show. I learned a lot more about VSC and it's good to see actual examples of things you can do there.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-jongolson-72hsjm)
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@pizzabot · (edited)
RE: The Crypto Maniacs Podcast - Episode 213 w/ Vaultec
<center>PIZZA!
 The Hive.Pizza team manually curated this post.

$PIZZA slices delivered:
dkid14 tipped jongolson 
@torran<sub>(4/10)</sub> tipped @jongolson 


<sub>Join us in <a href="https://discord.gg/hivepizza">Discord</a>!</sub></center>
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@poshtoken · (edited)
https://twitter.com/1415155663131402240/status/1651185746634756096
https://twitter.com/1651191075061772288/status/1651199206496022529
<sub> The rewards earned on this comment will go directly to the people( @rzc24-nftbbg, @zeshan12 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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@torran · 
!PGM
!PIZZA
!CTP
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@pgm-curator · 
<center>Sent 0.1 PGM - 0.1 LVL- 1 STARBITS  - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO tokens </center>

<center><sub>remaining commands 6</sub></center>


**BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!**

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards! 

![image.png](https://files.peakd.com/file/peakd-hive/zottone444/23t7AyKqAfdxKEJPQrpePMW15BCPhbyrf5VoHWxhBFcEcPLjDUVVQAh9ZAopbmoJDekS6.png)
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***
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