Jan 5, 2021
In this week’s episode of the Bitcoin Magazine Podcast host ck sits down with Edan Yago of the Soveryn Project to discuss Soveryn and how they are building decentralized infrastructure for Bitcoin.
Soveryn is like a company except that it runs completely on bitcoin and they are not incorporated in any company. It is a fully remote new kind of company that is fluid, distributed, and powered by Bitcoin.
Soveryn has developed an exchange and programmatic USD coin system leveraging the RSK Bitcoin sidechain and they are actively looking at other BTC layer two technology to scale their services.
Soveryn likes RSK’s technology because it is based off of the existing Ethereum technology stack making it interoperable with the entire ethereum defi ecosystem. Eden discusses how the members of the Soveryn team refer to themselves as Bitcoin Mutants rather than Bitcoin Maximalists. According to Yago, the Mutants understand that Bitcoin is key but they are not afraid to leverage the decentralized tech being built elsewhere. They see the Ethereum and altcoin ecosystem as an opportunity for Bitcoin to conquer as the defacto money and trading pair.
The Soveryn team sees Bitcoin as the main building block of the new decentralized economy and think Bitcoiners should not settle for centralized technology solutions.
Follow Edan Yago @EdanYago
Follow Soveryn @SovrynBTC and check out sovryn.app