Interview with Hycoin #LIVE - East West CryptoBridge Frankfurt 2018

Here's a summary of the cryptocurrency podcast transcript, broken down into the requested sections:

1. Narrative Summary

This podcast interview, recorded live at the East West CryptoBridge Frankfurt 2018, features Nile from Haikon, a blockchain project aiming to improve transaction throughput and scalability. Haikon is currently operating as a linear blockchain similar to Bitcoin, but plans to transition to a Directed Acyclic Graph (DAG) structure in the near future. This shift will allow the network to process multiple blocks simultaneously, significantly increasing its capacity. The project is focused on real-world usability, with a partnership already in place with a Korean food delivery app (similar to Uber Eats) to allow payments in Haikon. Haikon’s consensus algorithm, called Spectre (developed by the same creator as Ethereum's Ghost protocol), will be implemented through a hard fork next week. While currently under internal development, Haikon intends to eventually open the project to broader community contributions. The team believes their base layer scalability will complement technologies like Lightning Network.

2. Main Topics Discussed

• Haikon's Architecture: Current linear blockchain structure and planned transition to a DAG.
• DAG Advantages: Increased transactional throughput through simultaneous block processing.
• Consensus Algorithm (Spectre): Explanation of how Spectre resolves transaction conflicts and its connection to Ethereum's Ghost protocol.
• Real-World Use Case: Partnership with a Korean food delivery app.
• Development Roadmap: Upcoming hard fork, DAG implementation timeline (approximately one year).
• Open Source Development: Current limitations on community contributions and future plans for broader participation.
• Comparison to Existing Technologies: Addressing limitations of Bitcoin and Lightning Network and how Haikon aims to complement them.
• Project Information: Website, social media channels.

3. Key Quotes

• "So what we're doing is we're building a base layer blockchain protocol. It's currently a linear chain, similar to Bitcoin." - Nile, describing Haikon's current structure.
• "It allows us to have much greater transactional throughput by being able to essentially allow for these multiple publishing anywhere on the network." - Nile, explaining the advantage of a DAG structure.
• "We want people to use it. Like one of our first use cases, we're partnering up with a food delivery app in Seoul, in Korea, where we're based." - Nile, emphasizing the project's focus on real-world application.
• "After that, we could plug in something like Lightning, for example. And then that would give us even more scalability on top of what we've already built." - Nile, discussing the potential for integration with other technologies.

4. People Mentioned

• Nile: Representative from Haikon, interviewed in the podcast.
• The Creator of Ghost Protocol: The developer of Ethereum's Ghost protocol, who also developed Haikon's Spectre consensus algorithm. (Name not explicitly mentioned)

5. Bitcoin Price

The Bitcoin price was not mentioned in the transcript.