Divi Podcast #97: Mark Anstead of Numio

Numio is fast-tracking blockchain adoption through simplicity. Numio is a cryptocurrency payments app that gives you more control over your identity and money.

Kyle Turnbull

April 20, 2021 · 2 min read

The Divi Crypto Podcast

Listen on Soundcloud

https://soundcloud.com/divi-crypto-podcast/ep097

Listen on Spotify

https://open.spotify.com/episode/50qKcERp5SB292MBOcIonG?si=FwyU0CqES-Sh6es--HkfRw

Mark Anstead co-founded Numio, a project fast-tracking blockchain adoption through simplicity. Numio is a cryptocurrency payments app that gives you more control over your identity and money.

Mark was first introduced to crypto in 2014, however, he didn’t know much about it and soon sold it all. It wasn’t until 2017 that he really entered the crypto scene and began working with a few different firms. Since then, Mark has started two companies, with Numio being his most recent creation!

What is Numio

Numio gives the user more control over both their money and their identity. Numio has developed a solution that can get you either KYC verified or can prove yourself to third parties without exposing personal data or information.

Numio is also combatting high gas fees through gasless transactions. This can be done on the Ethereum base layer using a meta transaction, allowing users to have an app that interacts with a relayer. When someone wants to make a transaction, the app will interact with Ethereum on their behalf. For a gasless transaction, you don’t actually have to have ETH in your wallet.

Numio and scalability

There are a variety of ways you can scale, but there are pros and cons with whatever solution you use. Whether it’s with scalability, finality, security, or supporting smart contracts, each method has its drawbacks. Without smart contracts, a lot of solutions wouldn’t be able to function. Numio uses implementation using a ZK (zero-knowledge) rollup. While some platforms can do two thousand to three thousand transactions per second, Numio does about three hundred per second but is more secure, can interact with smart contracts, and scale with Ethereum more effectively.

Mark says they’re still about eighteen to twenty-four months away from ETH 2.0. In the next six to twelve months we’ll see every Ethereum project migrate to some form of scaling solution. Mark says there are a lot of solutions to look into and explore with every project boiling down to what fits.

Learn more

To learn more, visit numio.one, find them on Telegram, or follow them on Twitter @getnumio. To follow Mark on Twitter @thesharp7. Mark encourages anyone that’s interested to get involved in the ecosystem

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Kyle Turnbull

April 20, 2021 · 2 min read

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