Tari, a new open-source blockchain protocol, aims to redefine the digital asset experience. Backed by institutional investors including Redpoint, Trinity Ventures, Canaan Partners, Pantera and Multicoin Capital, its founders Riccardo “fluffypony” Spagni, lead maintainer of the Monero cryptocurrency; Naveen Jain, a serial entertainment industry entrepreneur; and Dan Teree, co-founder of Ticketfly, hope to simplify the management, trade, programmability and use of all digital assets. Tari aims to be not just Ethereum’s first real competition in the space, but perhaps the next evolution of the token economy.
Tari Co-founder and lead developer Riccardo “Fluffy Pony” Spagni sat down with Oliver Carding and Cameron Carpenter from CoinJournal at Consensus to explain his vision for the coin announced today. Tari is built on top of Monero, and like Monero, its most interesting feature, is its privacy tools. Tokens built on Tari will have privacy sliders.
And [with Tari], they can say, this asset has no privacy. Because the Tari protocol intends to become the underlying protocol for the transfer of digital assets, they will need to handle “many tens of thousands of transactions per second,” according to Jain. The Tari protocol has yet to deploy a test network boasting any transaction capabilities, not to mention Visa-level performance.
— Coinspectator
