Dan is a programmer, but I think of him more as a visionary inventor of systems. Dan’s stated mission in life is
“to find free market solutions to secure life, liberty, and property for all.”
It’s easy to get sucked into the Dan Larimer rabbit hole once you start studying his projects and lucky for you and me, we can experience his inventions first-hand by participating in the social media sites, Steemit and Busy, which run on top of the Steem blockchain. If the phrase, “run on top of the Steem blockchain” sounds foreign to you, think of it this way: instead of data being stored in a company’s central server, it’s distributed all over, in a peer-to-peer, decentralized system that is transparent. This is the driving force behind the exponential growth of cryptocurrencies in recent times. Why? Because centralized systems are vulnerable to fraud, hacking, abuse of trust and wealth hoarding. Decentralized systems are not perfect, but they are much better than their centralized counterparts in these and other areas.
“Dan’s Background”
Daniel Larimer received a Bachelor of Engineering (BE) in Computer Science from Virginia Polytechnic Institute and State University in 2003. He is currently focused in the areas of blockchain technology, cryptocurrency, decentralized exchanges, economic systems and freedom.
In 2009 he was attempting to engineer a digital currency when he discovered Bitcoin. He immediately got involved with Bitcoin and began communicating with Bitcoin creator, Satoshi Nakamoto in a Bitcoin forum. At this time he was alarmed by the amount of centralized exchanges being arbitrarily shut down. He came to the conclusion that decentralized exchanges would become necessary. It was at this time he created BitShares and invented BitUSD which is the first trustless cryptocurrency pegged to the dollar. For over two years he innovated and fine-tuned blockchain technology to support a decentralized exchange. The resulting technology is called Graphene and is what powers BitShares and Steem.
Dan Larimer is the co-founder of Steemit, Inc and its CTO until march 2017. He is the main architect of the Steem blockchain and Steem cryptocurrency. He’s also the CEO of Cryptonomex, Inc. which is a blockchain technology consulting company that was founded with his father, Stan Larimer. He founded the decentralized exchange BitShares and Invictus Innocations. He originated the idea of the “decentralized autonomous company” or DAC.
If you’re asking yourself right now, “What is BitShares?” Dan answers this question in his blog. To summarize, BitShares is a network, bank, ledger, company, exchange, software, community, currency and Dan asserts that it’s even a country. It’s not an easy concept for most people to grasp. It’s probably an invention 10 years ahead of its time, but judging from Coinmarketcap today, people are beginning to catch on now.
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If your head is spinning from all this information, keep in mind, I’ve only just scratched the surface of his inventions. After Dan successfully built the Steem blockchain, he moved onto his next project, EOS.
If you thought BitShares was hard to grasp, EOS, is perhaps even more ambitious and difficult to understand for the average person. It took me several weeks just get a basic understanding of it, but thankfully, the EOS White Paper has just been released.
EOS is easier to understand when you recognize what problems it’s trying to solve. Right now, blockchains have several problems that need solving: they are hard to scale up (look no further than the Bitcoin scaling war), they are costly (Ethereum charges a gas fee to use its network), they lack interoperability and they are difficult for legacy companies to navigate. Blockchain technology is redefining the entire internet, but for most company owners, there’s no easy way to adopt this brand-new revolutionary technology. I believe EOS is trying to make blockchain technology easy to adopt, by creating a blockchain operating system for companies.
Such a great creator bringing world to the next level of digital life
Thank you for reading follow him on steemit @dan
Source:- https://hackernoon.com/dan-larimer-visionary-programmer-of-bitshares-steem-and-eos-7e6d94b241d7