“That’s the real sweet spot of what Dan has done…he invented the real-time blockchain, and that means transactions happen as fast as you can spin a slot machine,” says Stan Larimer, referencing his son, Dan Larimer. As CEO of Cryptonomex, Stan Larimer sustains the technology that his son creates. And it’s true: instead of taking hours-or in some cases even days- tens of thousands of blockchain-based transactions can now take place every second.. Cryptonomex began with the purpose of creating BitShares, which in and of itself is an idea that’s just four years old.

Since its creation, it has become a “complete digital currency exchange and SmartCoin factory,” says Stan Larimer.

But that’s not all that has evolved from Cryptonomex…Click play to learn more.

Larimer also discusses:

• Steemit: what is it, how it was conceived, and how it evolved from BitShares
• “Bitcoin millionaires” and the “billion-dollar campaign”
• The factors and mechanisms that allow for faster transactions, including the elimination of mining, and the optimization of computations