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UTXO ALLIANCE 2026
Recorded: Jan. 29, 2026 Duration: 1:05:39Space Recording
Short Summary
In a dynamic discussion, members of the UTXO Alliance explored strategic partnerships, growth initiatives, and the impact of regulatory trends on the crypto landscape. Key highlights included Konomi's engagement in wallet integration, DigiByte's ongoing upgrades, and the community's call to action against regulatory challenges, showcasing a proactive approach to fostering innovation and collaboration in the blockchain ecosystem.
Full Transcription
Thank you. Thank you. Oh, check, check.
We are live and we are here with our first crew.
Please feel free to share this and spread the news.
Let's get more people in here, bigger conversation.
Of course, this isn't a conversation without more UTXO Alliance members.
Thank you for being here.
We'll get started in three minutes. Also, please feel free to request to speak.
I'd be happy to bring up anyone and everyone, and I'll moderate and go around.
Greetings, Steph.
Greetings.
How did you know it was me?
Well, I did, I wanted to know what the format was going to be like, if this was going to be kind of like a meetup type, free-flowing conversation, or if there was going to be
an agenda?
There's, the intention is to be,
let's get people in the room,
start to have a conversation again.
It's been a few months
since the UTXO Alliance had a town hall.
So the agenda is, let's see who's here.
Let's design a conversation around who's here.
Poinami has interest in sharing
and being a part of the UTXO Alliance conversation.
So there are people here that I don't know.
I'd like to get to know more people
and kind of just broaden the range of possible conversations.
It's the end of January, 2026.
We've got the whole year ahead of us.
Let's see what we can get into and design for a next space.
Sounds good.
And thank you to Konomi for showing up.
I had sent them a message asking them to if they would like to come to the space.
I've had private conversations with them and trying to get support for some of the other UTX Alliance members.
And I think only Nervos joined the group.
I think only Nervos joined the group.
But, you know, it's always a good thing when there's people that want, you know, I guess like Konomi wanting to learn about the UTXO Alliance members.
And then maybe even being able to support them with wallet support.
So thank you for showing up, Konomi.
Hey, we're happy to be here to learn more about what the Alliance is putting together
for the year of 2026 and see how we can follow along, support, get active in the community
since that's the way we love to grow our user base and wallet.
So why don't we actually go there?
Because if you've taken some time out of your day to be here,
Coinami I actually have heard of, however, have not used yet. So why don't you just introduce what your team does, what the product is,
and then if the direction is to support as many potential chains as possible or applications as possible, then that
is one key thing we can do looking at UTXO Alliance in 2026. So would you mind just spending some time
introducing yourself, who's here and what Coinami does? Absolutely. My name is Kobe. I've been with
the team since 2017 or actually a bit earlier than that in 2014 as a user, when it was just Bitcoin, Dogecoin, and a few other altcoins you could put in your Coinami wallet.
And Coinami is a non-custodial multi-chain wallet that's been around since then, 2013-14, long before a few cycles since then.
And we support both UTXO and account-based chains in one UX UI.
Our role in the UTXO is this ecosystem isn't really building any new chains or protocols.
It's being the place where people actually interact with those assets at scale.
And like you just mentioned, it's not only about supporting the blockchain, but the actual
apps and ecosystem tools and features of those blockchains in one sysink place.
Since at the end of the day, we believe crypto is much more than just a price going up and
down.
It's a promise to help users get more out of their digital experience
by either taking back from the middlemen of banks
or by helping them better protect their identity
than an all-state type of company can do.
So we believe that wallets are the actual home
for those places that you're going to interact in the future
with your assets and with your information.
And that's the exact kind of tool we're building
and have been building for a very long time now.
Love that and appreciate that. Bringing up a couple extra guests here if people just join please share the space we want to just make it as widely shared as possible don't hesitate
what we'll be talking about is as broad as the crowd that we have here.
I see representatives from Digibyte, Nervos, Quine Network, Cardano, and several others in the crowd.
So if you would like to speak, please request, and I'm happy to bring you up.
So if you would like to speak, please request,
and I'm happy to bring you up.
But why don't I give another moment to have Matt come off mute
and tell us a little about himself and where he's coming from.
Thanks, Steph.
It's been so long.
I forget how to pronounce your name.
Steph.
I wanted to say Stephan.
I was like, yeah, Stephan Curry. Yes, that's your name steph i was i want to say stephan i was like yes stephan curry yes
that's me it's it's good it's good to see you against step yes man it's been a while so um
go ahead and just share a little bit about where you're coming from uh relationship to the utxo
alliance and anything else yeah so i i lead the nervos foundation we
were one of the original um i guess the pioneers of the utxo alliance along with cardano and i'm
sure topple there were a couple other folks around at that time and uh yeah we're UTXO blockchain, been building since 2018. And yeah, huge proponents of the UTXO model.
I think we take a unique approach that I haven't seen with anyone else.
I think with Ergo or Cardano or, you know, pick a UTXO model chain.
There's kind of like a framework that you're operating within.
Whereas on CKB with Nervos there, it's just completely
open-ended. It's just basically a virtual machine that's there. And if your script
executes successfully, then your state transition works. So that presents some challenges. I think
with any UTXO model chain, the developer community is challenging and especially working at such a a low level of abstraction you know for us it's it's tough but we're um i think we've been at it long enough to
start to see the the light at the end of the tunnel where um we deployed uh quantum resistance
in the last couple weeks and um that actually wasn't too bad but i'll i'll stop there i don't
want to ramble i know we got a lot of people here.
Matt is, I would say, an OG in the space just in general.
And we had the pleasure of meeting at a conference a few years ago.
I think that was Masari in New York City, potentially.
Beyond that, Nervos is an innovator in the space and as always seems to be one step ahead of what the new,
kind of not new, one step ahead of a trend. I don't want to say that either. One step ahead in fundamental technology and seeing around the corners. So risk five architecture, intense,
UTXO based smart contracts, et cetera, et cetera.
So glad to have you here, Matt.
Appreciate it, Steph.
Really, really glad we're doing this.
Yeah, man.
So anybody new here, please retweet the space.
Please request for coming off mute to chat.
But we have, let's see, probably enough to begin the space.
And so why don't I give a background on the UTXO Alliance and just to open up a few different routes of
conversation. So like Matt said, the UTXO Alliance was started several years ago, and there was a
main partnership between Cardano, Nervos, I believe Ergo, Topple, and several others.
I believe Ergo, Topple, and several others,
and Wolfram Blockchain Labs from where I come,
joined as members fairly early
and started to really operate within it.
The UTXO Alliance is a way for bringing together
a network of layer one blockchains
and applications building on the UTXO model.
And we're looking to standardize UTXO-based technology.
We're looking to create interoperability
between UTXO-based blockchains.
Obviously, think of Bitcoin as the OG UTXO chain
and the capabilities that it lacks.
You could see enormous DeFi flows. You could see
enormous smart contract opportunity with the right interoperability. And then basically niche
exploration of all things that are capable of being done on a deterministic, directed, acyclic graph of the UTXO ledger model, where we can do things that
account-based models simply cannot. So the UTXO Alliance is attempting to bring together
leaders in the space, create joint projects on the technical side, create joint education,
projects on the technical side, create joint education, and to expand our network. So if you
are building or within the UTXO ledger model, we'd love to have you join the UTXO Alliance.
Let's see. I'm going to pass this over to Jose. Jose represents a number of different directions, but Digibyte as one.
And Digibyte is a member of the UTXO Alliance and one of the OG blockchains in terms of years continuing to build.
in terms of years continuing to build.
So, Jose, maybe you can say a little bit about
if you're aware or capable of what DigiByte's
kind of thinking of what occurred in 2025
and maybe what's pointed at in 2026
from a DigiByte perspective.
And then I'd like to go back around
and get that answer from
several other speakers yeah um so 2025 was uh pretty active in development um digibyte went
through its uh 8.22 upgrade and with that upgrade, we went through a soft fork process
to activate Taproot.
And since then, we've gone through the 8.22, 8.26,
and now there is testing being done
for the 8.29 version.
So let me explain a little bit about the versioning here.
So we are in our eighth version.
So DigiByte is in its eighth version.
And it's brought in all the upstream code from Bitcoin core up to version 26.
And what the core developers are working on and the community at large is, uh,
testing, uh, is the 8.29, uh,
version of DigiByte and, or let me see my,
I'm getting that confused. Sorry. Uh, 9.26, uh, version of Digibyte, which is going to be bringing in certain amount of collateral, and they receive DigiDollars in return, can spend it, and they can also redeem it whenever the time lock expires.
expires uh so yeah digibytes been in in this like rapid development since 2025 all the way up until
now and uh it's it's just continuing to to evolve wow so there's a stable coin on available in build and build its adoption for 2026, all of the above, that kind of capability?
Yeah, well, the team, I guess, had been studying this for years
and looking at the problem of stable coins that most of them aren't decentralized.
of stable coins that most of them aren't decentralized. You have, you know, if you look
at the top two, you know, Tether and USDC circles, stable coin, it's a company that issues it.
And it's not like endogenous to the system, to the protocol.
So what the core developers have been looking at is
how do we do this to make it decentralized
where anybody can go mint their own stable coins,
providing their own collateral for whatever the time for locking it was, and then be able to redeem that collateral
at some point. So, you know, I think in one example, somebody had spent over like $30,000
of Digibyte in the past years, which now would have been worth three or four times more.
But because at the time, there wasn't something where they can go lock up their own Digibyte
and then borrow against it, use the stable coins to make payments.
So that's one of the problems that it's trying to solve. But when you look at the overall space, it's just, you know, we're in a space where we're trying to work with decentralized systems, not move towards centralized systems.
Right.
Right. Yeah, absolutely.
And love that.
And that's such an important direction to keep building on. Let me go to Koinami here. Koinami, what was kind of the major things that your team completed in 2025? And what's on the lookout for 2026.
Great question.
You know, a lot of our work in the past year has been really preparing us for what we consider the next five years of Coinomi's growth, not only as a wallet, but again, as this utility tool that helps people not just lock up their crypto, but get the most out of it. And we know that we may be entering a period of a bear market where a lot of people leave the ecosystems, where a lot of developers have to put on their long-term bear coats and really get to work building these apps out. So we really focus
on the modularity of Coinomi and our team's agility to work on adding new features, new functions of
blockchains that we've began to work with again since a few years of being offline and really
establishing again that trust we had for so many years with our user base. A lot of that is about
going back to being open source, which is something we're targeting for this year later in the quarters. A lot of that
has to do with the wide asset support we've re-added into Coinami from supporting deeper
features with Digibyte, for example, and DigiID to the reintegration and support for Monero,
which we can now say is very live. So you can once again safely store and use your Monero on a
fully non-custodial blockchain wallet. So a lot of it has been prep work for what there is to come.
And that's going to be, again, all about helping blockchains reach users and users reach blockchains.
We see it as three players of the users, the ecosystem, the projects, and then the actual blockchains themselves.
We want to be accommodating not only with our UI UX, but our tech, our community, our marketing, our entire staff
to kind of be the super product where people can go and develop and know that it's actually going to get into the hands of
people who want to use, explore, and profit, not just in monetary terms, but profit in their lives
from using those deeper ecosystem integrations. Love that. So from a UTXO perspective, does it represent any additional complexity to integrate?
And then is there, I also would like to know if through bear and bull market, what do you
see as kind of the perpetual thing that, you know, wallets are something that everybody needs and uses.
So wallets aren't, I would say, necessarily at the whim of as much of the volatility as
a layer one blockchain might be. But maybe you could share a little bit about,
be, but maybe you could share a little bit about specifically for UTXO-based blockchains.
Is there any additional complexity with integrating UTXO chains? And then how do you ride out a
bull and bear cycle from your perspective? Sure. So one of the key things that we look for during these is keeping the entire team together.
Regardless of the financial situation of the overall crypto market, we always want to have
a team that we can both support right now and at the end of the quarter doing payroll
and also for the next few years.
So thankfully, with the amazing community we have and the business that we've been running
for so long, we're able to secure and know that everyone on the team is going to be able
to put money in their pocket and bring food to the table while still being able to develop
the next set of things coming into the wallet. That's really important, and especially because
UTXO isn't harder necessarily. It's a bit more difficult because you're managing coin selection,
changing up outputs, fee estimation, and edge cases that users just don't get. So you have to
get that right or else UX breaks. So account-based models are easier to reason for, I mean, for, you know, developers
since there's just a single balance in global status. But UTXO is easier in the long-term matter
in that ownership is explicit, transactions are more predictable, parallelism is better,
and auditing is simpler. So once abstraction methods are solid, users make fewer mistakes
in the wallet, and there are trade-offs that while accounts are easier to build fast, UTXO is harder to build right.
As a wallet that's been around for so long, we've learned that the harder parts are usually worth building.
Because again, we're talking to people in this space who have been building for so long and been adding really useful features.
And again, kind of the cutting edge features into crypto ecosystems that will only build on that more and more over the next few years.
So supporting those is really important.
And again, keeping the team together is the first step for all of that.
And how do you keep a team together?
It's all about long-term planning and knowing that the market might go up and the market
might go down.
But we don't want to be the crypto company that announces the 50% team layoffs as we saw in 2021 with Crypto.com, as we saw in 2017, 18 after
the ICO bubble. That's the thing we're always hedging against by making sure we have a treasury
and of course Bitcoin, but also stables and that we're not tied to the market and we can set our
own development speed independent from price fluctuations and volatility.
Well, I love the message that you're putting out.
And so what could the UTXO Alliance, which is about a dozen layer one blockchains and major applications building together, how could the UTXO Alliance onboard or how could we bring
attention to Coinami? How can we help benefit you? And I'd say that in all seriousness,
is there something that is obvious that we can help with from your point of view?
Yeah, you know, we always want to onboard users and projects by making a handshake deal with them. obvious that we can help with from your point of view?
Yeah, you know, we always want to onboard users and projects by making a handshake deal with them.
We want to provide the best wallet experience for them and their users. If we do that, then you'll bring the users to us and it'll be a simple no-brainer choice for them to be,
you know, securing their assets with Coinomi Tech.
But the first part of that is really communication.
Something that's difficult with a smaller team like ours is that we don't have a team of 20 crack business developers
on a bunch of Adderall running the cycle of communication and texting every single Telegram
at once. So we always have our most successful business cases and integrations when tech
teams or ecosystem community members reach out to us either by Twitter, Telegram support
ticket and say we have a feature or a blockchain or some kind of integration we'd love you guys to bring into the wallet.
And we look at that and we say, okay, what can we do to actually get there?
What could we ask for in terms of tech from your side or communication and docs that'll
make that integration easier, better, more quick to get an app?
And then we roll from there.
So if you guys get in touch with us and tell us exactly what you're looking for and what
your users need, that helps us stay ahead of the trends, that helps you get a better product at
the end of the day. And it's what's made Coinami really successful in onboarding 5,000, 10,000,
20,000 users at once when we have a feature that really sets us apart from other wallets because
people came to us and said, this is exactly what our users are looking for.
I see that I'm on Coinami and swap crypto. So you can swap Ergo and Nervos and Digibyte together. And we have representatives, how could we point attention and resources
towards adopting Coinami?
Definitely.
I guess that's not necessarily a quote.
Oh yeah, I'm happy you're on that screen right now.
And just because we're about to be launching
some new features that are going to bring
another 10 to 20 swap providers into the wallet,
including private swaps,
which will make transactions much more safe and secure with partners like Houdini,
with partners like StealthX, and many other exchanges that are coming into the wallet,
especially DEXs. So that's great that you're about to even see the work we're doing to improve the
UI UX right inside the app today and how that'll change, maybe not tomorrow, but a few days past
from then. And your second question exactly was what for those coin teams?
Well, let me just ask this question directly from Ergo, who's in the chat here.
I invited Ergo up on stage, but they put a question saying,
how do you get a new L1 onto CoinNami?
Is it open? What is the process, voting, etc.? Yeah, DM us. DM us should get the ball rolling.
Yeah, DM us should get the ball rolling.
Sometimes we appreciate a grant. Sometimes it's easier than that.
It's a blockchain we already have partially integrated,
and we can do some clone work and get you in there.
That really depends, but we don't do things like listing fees.
We're extremely upfront and clear with what it takes to integrate points into Coinami.
And because we're heading back to open source for the entire product and the future products we're going to be launching in the next few years, that'll all be worth that no matter
who's doing it and when it's getting integrated, that'll be public and for the public domain to
benefit from. So that's exactly how we do it and how we plan on doing these integrations at a fast
pace now. Lovely. Thank you for answering that.
So let me just pause there and see.
I thought I saw a hand come up
or if any one of the speakers
would like to come off mute,
share anything.
And then I'm going to kick it over to Kiwi
if there are no questions directly about that.
Anybody have a question, question comment anything to add
all right then kiwi may i ask you come off mute um what chain do you potentially represent here
and um who are you and what what are you thinking about in 2026.
What are you thinking about in 2026?
G'day guys.
So I am primarily a Kodata user.
I am not exactly a maxi.
I don't mind floating around chains
and trying different things.
So I love the fact that there's an alliance going
and like been following you guys,
a lot of you guys for a while
and keeping tabs on where things are at.
But I was just like, forgive me, guys you know a lot of you guys for a while and and keeping tabs on on where things are at but
um i was just like forgive me but taking a little advantage of the fact that there's a few big names
in the room and a few um things going on here and trying to remind people at the moment we've got
that uh crypto clarity act going through and that the banks are still lobbying and pushing and trying to talk the white house into banning
stablecoin yields on the um on the on the front of anybody defy so was hoping to get some steam
going with all of you guys on board to um start petitioning senators and any members that you can get petitions moving and try
and prevent the banks from forcing out DeFi systems.
And I know that obviously stablecoin yields would benefit a lot of the people we've got
in the room at the moment.
So if you're not already on board with this
stuff it might be time to jump on and actually get something done about it you've got until probably
early february before they uh the white house starts the second round of discussions on this
and if there aren't enough people on board on the crypto side we lose simple as that
we lose. Simple as that.
Wow. Yes.
Really resonating with that message.
So thank you for pointing that out.
That is something worth talking about here.
We do, let's see, from an individual point of view,
one of the easiest routes is stand with crypto,
though that is directly through, I coinbase and coinbase's super pack
um kiwi what's in individuals potentially next step there it is is it to directly message or
reach out to one's representative and then from more of a let's say from a cardano point of view
Cardano point of view, how would you suggest key leaders of Cardano
or key leaders of Ergo, Nervos, Digibite potentially to make a wider statement
or how can one most directly influence at a larger scale?
How would you think about that?
At the moment, getting on board with brian armstrong's movement with this would probably be the best way for the larger names
to actually get involved and you know just tagging each other and making sure that people are
starting to get aware of the movement and that individuals do start contacting representatives senators etc and making it known
that they will not stand for the banks you know stepping all over their toes so
obviously there's going to be a few ways i don't know about i'm in new zealand
i think if anyone's got better suggestions for getting on board and and and jumping up
and down and making a public scene about it please make it known because we need to really
you know start swinging some swinging some legs at these guys because my god if they
manage to ban stablecoin yields it's it's going to be a crying shame for d5 for years to come and it's a
standing foot for them to then start broadening out uh restrictions and bans and that's what
people are missing about this it's like oh yeah but we can still earn some rewards and things
like that off them it's like yes but they will try putting their foot down on all of that over time
them it's like yes but they will try putting their foot down on all of that over time can i can i ask
the ground to stand on can i ask what might be a dumb question of um if we're talking about
decentralized finance what is kind of like the like like how do these worlds like intersect if
we're talking about something that's supposed to be decentralized and then basically like this you know this rallying cry that the powers that be are going to strangle it you know is it
decentralized if that's what we're worried about i guess that that's kind of my question
if you have a platform that is built and working within a country it has to stand within the
regulations and laws of that country it doesn't matter if you are a registered business of any kind even a decentralized one still has to work within
frameworks and laws doesn't it otherwise they start coming after people yeah i can understand
that but i i go back to my original question of bitcoin is not domiciled within a country because
it is decentralized if uh if a company is domiciled within a country and
that's what we're talking about as DeFi, I don't think like I don't consider that to
be decentralized finance.
I agree with you, but up to now, remember Bitcoin hasn't been able to do anything truly.
We are now looking down the barrel of new ways to use Bitcoin and if the banks see that
being a threat to them, believe you me, they'll come after it.
Banks are global.
Banks will work together and they are strong.
They have many, many billions of dollars to lobby and pay people and do dirty underhanded
tactics to get what they want. And then you have a situation where anyone who builds the platforms, whether they're
decentralized or not, if they find out who's built the platform, you'll end up with more
situations of people going to prison and, you know, them just IP blocking platforms
and causing havoc wherever they can to prevent them losing their money.
When you understand that they earn 4.9% currently on their bond yields and they pay the customer 0.01% interest,
you start understanding that their trillions of dollars of interest per year are now at risk.
And they won't stand for that.
They will make us pay unless we can block them now.
It becomes urgent.
And for a rebuttal, Matt, otherwise I'll go to Jose.
Yeah, I'll go to Jose.
Yeah, I'll excuse myself from the conversation.
I feel like it's going to just get too tangential.
I respect the vigor and the conviction.
I can say that.
I think I just look at the problem very differently.
So I think the thing I'd like to offer offer and it always goes back to like awareness and education and understanding what some of these uh bills and legislature mean and what
they're doing and i know that uh you know i think it was last year uh the what was it, the Genius Act was defining the difference between payment stable coins
and endogenous stable coins. And basically, you know, the differentiation was that, you know,
there had to be centrally issued and there had to be a company behind it and a certain amount of reserve, provable reserve and certain type of reserve.
With the endogenous, you know, being a little bit different.
And it, I guess this from the genius act that we're going to give it another year to study.
the genius act that we're going to give it another year to study. And so I think, uh, you know, when
I'm listening to Kiwi and to Matt talk, you know, and I don't think, uh, I think understanding like,
uh, okay, there is going to be a large majority of people who are going to want to use stable coins,
but within these regulations, which, you know, we can look at it, okay, when you understand a payment stablecoin, it's going to
be a centralized payment rail. It's not going to be like what we talk about as decentralized,
like Bitcoin, the example that you gave. And that there's still more research being done on
endogenous stablecoins. And, you know, who knows what regulations might come with
that. But I think what Matt's saying is also is like, well, it was never meant to be a tool of
the bank. It's something that, you know, we could use alternative of the banks and we don't need to
ask permission. So I think I understand both points of view. And the only
thing I can see there is that when we're talking, you know, about these things that we kind of
understand the differences between them. And that the people that are listening also kind of get
something out of like, oh, okay, what was, you know, the difference, right? If they're, you know,
protocols that are offering yield for stable coins, in certain places it's going to be banned.
Well, what are the options? What are the alternatives?
Good point. Anyone care to respond there? Otherwise, I would throw in something.
care to respond there otherwise i would throw in something matt kiwi
Matt, Kiwi?
i think um go ahead the the on on the subject of options i i think i mean like maker and and die
you know on on ethereum you know that that was a great example of collateralized stablecoin.
And there's been rye and high since.
I think that experiments like that are the right direction.
I don't think they're necessarily the end state, which is why we don't really hear about those.
We hear about USDC.
But I do think that we've got a decade of innovation to get us to that point. But I believe the answer is found in innovation and not regulation.
I think that that's just kind of been the lesson of Bitcoin.
That, you know, what Kiwi said around kind of like, you know, these incumbents throwing an
arsenal at something, you know, somebody could have said that about Bitcoin in 2013. And, you
know, we all see how this turned out. And people have strong opinions about how Bitcoin turned out.
But it certainly got to kind of fulfill its own destiny before it kind of got, you know,
curtailed into what the incumbents wanted it to be. And I think with true DeFi, it'll be something similar.
that Ergo offers a bridge that is interoperable today
between Ergo, Cardano, Bitcoin, Ethereum, Dogecoin,
and many other UTXO chains.
So that's one thing I wanted to point out.
The other thing is on innovative stablecoins
or innovative new technologies. So I'm saying this as a interested
technologist in one of our UTXO Alliance members, Kwai Network, which creates a
alternative to stable coins that I think we'd be remiss to not at least mention when we're talking about alternatives to stablecoins
or fiat-based stablecoins.
And just by show of hands,
is anyone here familiar with Kwai Network
and with the flat coin that Kwai Network
produces called cheat.
Yes.
One. Okay.
Any other hands in the space?
Yes.
Okay. Great.
I'll
the long
story short of that is
it's a proof of work blockchain that takes the hash rate and emits a token proportional to the hash rate.
And that's about as simple as it is.
To hold it constant to the energy cost that goes into the production of each token is the hard part.
But that's done between a controller between Kauai and Qi.
And it's just important to note that while it's a new experiment,
that there are alternatives to simply fiat-based stablecoins.
Because in a larger crypto philosophical vision that Bitcoin pioneered,
that many blockchains are exploring the possibility space of what Bitcoin demonstrated as possible.
of what Bitcoin demonstrated as possible,
we should be able to create our own stable coin
outside of the need for fiat.
So stable to what?
Stable to energy or stable to the electricity price
going into the production of the security of a blockchain.
That's I tried to make a summary of what quiet network is doing
with its Chi token and wanted to just throw that into the conversation here
because they are a UTX Alliance member any thoughts there from anyone I'd be
curious how it yeah go ahead hmm no I to say, I have heard of it.
I didn't understand how it works, but there is another company I know of called Cogito
and they are working on what they call tracer coins using baskets of assets that are far
more stable and aiming towards having perhaps a five percent rising value per
annum um things like you know energy baskets and sorry can you stop uh yeah c oh yeah c-o-g-i-t-o
thank you go ahead that's all right um They've been working on it for a while.
They've had some issues with getting the basket stable because obviously with what's going
on with the world economy at the moment, even energy costs and so on have been a bit more
unstable than usual.
So there's issues getting things the way they need and want them, but they're certainly making an effort to build something
that is an alternate version of a stablecoin
that has a much different backing.
Go ahead, Matt.
That's great to hear.
I think, yeah, I i think the you know the the ironic thing about the stable
coin is that this year the u.s dollar purchasing power has been anything but staple um whether you
want to measure that in euros or pounds or gold or copper or i pick anything but gasoline i suppose
or copper or I pick anything but gasoline, I suppose.
And I think it really does kind of bring full circle
what we're trying to do
and that that's to sustain some level of purchasing power
for someone at some point.
And I don't know, are there any Ergo guys here?
I feel like they've, in the past,
they've had good opinions about these things.
Yeah, I consider it to be just a wide open problem space. I will say I am kind of hard on the stable coins in DeFi, but I do think
they're a very important step in innovation. I just want to always advocate for trying to solve problems with math and cryptography
and uh just just because those those kind of assumptions have held up pretty well over time
while the other things have not on stable coins coinami do you guys have a perspective one way
or the other um does the is there um i'll just leave it a broad question of that. Do you have a perspective at all on it?
I mean, our perspective is to support everything that we can and make sure that we're supporting
anything experimental or new to the game that we're doing our best to educate our users about
it in a way that gives them, again, maximum mobility as to what they want to do with those
resources and stables. But we're also keeping them well aware and educated in the over 30 languages we support
and hundreds of currency pairs that we enable inside the app.
So that's our main goal.
We have been intimately involved with launches of, for example, Paxos back in the day,
early blockchain natives on, or stables on, I mean, from Pipex in the back of the day.
And then there were a few more that I'm trying to get the name of.
But we've been really involved with those since their inception.
So we want to keep supporting as many as we can and stay ahead of the curve with with
new assets coming to the coming to the table that help people lock up their their funds
in a better and more secure stable way.
Okay, so Kogito is built on Cardano, I believe.
Kiwi, can you confirm?
Uh-oh.
I can't hear anything.
Can anyone give me a thumbs up if they can hear me?
We got you okay i can hear you uh sorry okay so kiwi did not respond and that's okay
um i think kojiito is built on cardano um so thank you for that ko Coinami. Let's see. Matt, I completely agree with you. much larger crypto adoption, but also represent the possibility of collapsing the crypto ethos
onto purely what the incumbents have always been and what they will want.
And I think that's what Kiwi is saying too, that to have a regulatory bill pass that strips stablecoins the ability to offer this native yield
is one of the best things that they can do, but it's being hampered because that potentially
makes profitability less for the incumbents or uncompetitive completely. And because we're playing from that system's vantage point from
the beginning, we want an alternative to exist outside of that system so that when that case
plays out, the detrimental case plays out, there's already alternatives
to switch to that may have less convenience because they're less understood or they have
not trillions or quadrillions of value flowing across them to give this kind of robust market but we have the capabilities through cryptography and
new protocol design to create alternatives and if kajito represents that as a basket
that's one direction if kwai has something like chi and that's another direction.
We want to facilitate those.
And actually Qi is a UTXO based token.
So from the UTXO's alliances perspective,
maybe that's something as a standardization interoperability
kind of token pair base that Rosenbridge might begin to offer or Coinami
might begin to offer is that we want to denominate not necessarily in US dollar or other fiat stable
coins, but in a denominator outside of that system. That's just a statement, I guess. Coinami, could you see a world where we can
build new pairs that are offered in Coinami wallet?
Yeah, definitely. And having different ways to offer them would be really interesting,
not just from exchanges, but different ways to access those markets. So we could definitely
look into a few of those once they're a bit more proven and live
or in those experimental stages.
Yes, awesome.
Okay, anyone care to present another topic of discussion or anything else to add there?
And we're probably going to go for another 10 minutes here to shut shut the space
down at the top of uh the half hour you guys want to talk about quantum resistance
please i think um i don't i don't have any specific point of view on it so i would just
love to i would just love to get a basis from your
perspective first uh i'll say if you don't have a point of view now i think by the end of the year
you probably will um i think i'm mostly going off of just kind of uh the the ethereum kind of
rallying cry and just kind of like how how much those those guys are kind of orienting themselves to to this and then
um you know in the bitcoin community this has been going on for at least a year and um i think it'll
continue but that you know what i want to say here is that utxos i think actually help a lot with um
when you want to swap out the the cryptography that you're using. Because you can just kind of add, it's just like a conditional,
like instead of, you know, this lock script,
you're going to use this new lock script versus something like Ethereum,
where that notion of like authorization is so baked into the protocol.
It's just like, well, you know, what account are you using?
And even the whole idea of what an account is,
is based off of this elliptic curve cryptography.
So, you know, I'm sure the Ethereum guys are going to do an incredible job,
you know, sorting through this.
But I think for smaller projects, UTXOs are going to help a lot
because you're just not going to have as much complexity
to step through what seems like it's going to be as much complexity to um to step through what what seems like uh it's going to be
a real thing i don't know it's it's a little alarmist still but i think if you get enough
smart people looking at something and they all kind of agree that there's there's smoke then um
you know people pay attention is this specifically at the signature level and it's most alarming on Bitcoin because of the Shores algorithm and elliptic curve?
So what does Nervos do that makes it unconcerned to the quantum threat?
It's the, you know, I was saying earlier that on CKB, you know, there is no kind of like standard of
anything. It's just, is your script, you know, successful or not? So with that, like, you know,
the elliptic curve cryptography, you know, that was kind of the first addresses that people used,
that kind of sits at eye level with a new kind of, you know, script, a new kind of cryptography that would run.
And someone is just kind of like changing their lock scripts. So you can think of it like in a
Bitcoin world of moving from, say, like a SegWit address to a Taproot address. And it's similar on
CKB moving from elliptic curve to, you know, some post-quantum secure cryptography and um you know on on bitcoin
and i think pretty much any blockchain really it's the elliptic curve cryptography and just
anywhere that shows up so for transaction authorization also for any any validator
voting um on a proof of stake chain it's the same thing um yeah bitcoin is is the the hard problem because there's so much value
and um yeah they don't they don't confiscate coins but go ahead
uh yeah couple of things one i've heard a great way explained of trying to protect it. Think of it like a good old mongoose car alarm system with a rolling code.
Basically, putting a hash in front of the main hash in a way that rolls quick enough that a quantum computer just simply doesn't have time to crack it before it's a new code.
There are different ways of attempting this and trying this, but that apparently is one of the primary ways they're going to look at trying to prevent quantum breakthrough.
Problem is, we don't know just what quantum will be able to do.
I don't know whether you guys heard that the first room temperature quantum computer managed to crack a massive problem earlier last year.
I think it was about February, March last year.
It did a dark matter equation
and blew scientists away with an answer
that would have taken 7.2 million years
to equate with the most powerful supercomputer on Earth.
And it did it in three and a half minutes.
Now, this is a room temperature supercomputer, like quantum computer.
They didn't even think that was possible yet.
And it's not as powerful as some of the cold, like the freezing temperature quantum computers.
But they've also found a way to use Optic for this and can now link these things.
Once they get through the error correction and other problems
they're having with actually getting it to stabilize they reckon they will be able to link
server farms of this thing that was one unit about the size of your let's say a large kitchen bench
the unit is like reasonably compact and you could fill a server farm with these things
and link them with fiber optic and have these things working together one might get handed an
equation all of them work on it you could be talking billions of years worth of equations in
minutes so we don't even know whether there is a way to prevent quantum from breaking anything we
throw at it with the human mind it's just it's not possible for us to know i think if you uh and i
don't think bitcoin is going to be the first thing they come after uh i i disagree on a couple fronts
there um i think bitcoin is the most obvious target because the elliptic curve cryptography is,
it's relatively weak in terms of like, like when you talk about, you know, if we throw all these
quantum computers at a problem, there are certain problems that a quantum computer can, you know,
do these fantastical things with. There are certain properties of the math of the
problem. And elliptic curve cryptography just happens to be one of those things that's trivial
for it to do from a mathematical perspective. We can reason about the trapdoor property.
If you have all information in front of you to solve a problem,
a quantum computer can solve that very well or very easily.
But if you can move past information,
say if you hash something, then you hash it again,
there's a lot of information that kind of falls through this trapdoor
that is not available to a quantum
computer because a quantum computer in the quantum realm just operates like time doesn't exist
everything is just this moment but with thermodynamics once you have a step forward
that information is lost so i think we we can reason about what computer what quantum computers
can do well and what they can't to a pretty significant degree now. I
mean, maybe that changes in 20 or 50 years, but I don't know. I think, I don't want to talk my own
book here, but I think it's very important that blockchains are able to evolve their cryptography
in a seamless way. And it's something people are trying to figure out now.
And I know Vitalik is probably the,
I think foremost thinker outside of kind of our camp
in terms of thinking in this way.
Yeah, I agree with you.
There's definite strengths and weaknesses for them.
The information feed
to a quantum computer being the main problem yes with the advent of the new
AI systems I'm not so sure that's going to be a huge problem because as it
requests information it's going to be fed to it almost instantaneously now
unless that information does not exist.
Well, actually, I just got one speaker to potentially have an opinion on this.
I'm not sure, though.
Ayorito, you have something you want to add to the conversation just briefly introduce yourself
sure sure uh yeah so um uh i generally uh spend my time on on cardano which is a eutxo blockchain
uh and so going back to the stablecoin topic i wanted to mention jed which uh you know the
downfalls of jed uh are that it's not very capital that's a d j e d if you want if i
wants to Google it,
I'm going to try to be really quick here.
And, you know, so the problem is
it's not real capital efficient.
So there were issues with that.
But in terms of a fully decentralized stable coin,
I imagine, and also on Ergo,
you mentioned Ergo earlier,
that would be like the SIGUSD,
same principle there,
where there's a reserve coin
and then the stable coin.
And then on this topic of quantum resistance, I'm not super educated on all of this,
but I do know that homomorphic encryption using lattices creates a problem that makes it very hard for quantum to solve.
So you can look up lattices and homomorphic
encryption, and you can kind of learn a little bit more about how that works. One blockchain
that's using that currently or trying to implement that currently is Midnight. So you can kind of
look into how they're using it. Now, I don't think that they're one of the UTXO bros, but they do use
Cardano currently as their validators. they're in L2 on Cardano so
you can kind of you can look up how Midnight is using homomorphic encryption with lattices
uh to make them more quantum resistant oh thank you thanks for putting all that out um
Midnight of course can be a uh one of the UTXO bros in the near future. We are actually, yeah, I think they can.
But if you'd be willing to introduce anybody there,
be happy to take that meeting.
Let's see.
I think, well, we began an hour ago.
We covered a little bit from around the UTXO Alliance ecosystem.
At the expense of overspending our time here,
I wanted to just mention that we're going to do this once per month.
And that while this was a pretty free-flowing conversation,
just to get back into the swing of things,
next month's conversation is going to be about specifics.
And what that means is I would ask when you return to this meeting one month from now that
we talk about one specific topic that will be defined in the UTXO Alliance Discord.
And that can cover any one of the topics we already did.
But I would like that to come with one ask, which is if you're aware of a project or protocol
within your ecosystem covering that theme, then you come prepared to speak about that.
We want to talk about standardization. We want to talk about standardization.
We want to talk about interoperability. We want to talk about the technology that's making these
things capable. So please enter the UTXO Alliance Discord so we can continue this conversation
asynchronously. And when that theme is announced, it will be listed in the Twitter space, the X space headline.
It will be shared within the UTXO Alliance Discord.
And I'd ask for people to prepare a conversation where they can talk specifically about a project.
For now, I really appreciate our speakers coming up to chat, speakers from around the UTXO Alliance
ecosystem, and for everybody else in the audience. Does anybody care to say anything else before we
wrap up here? I have one announcement I want to make. Over the last few weeks, I've been working
on submitting article stubs to Grokopediaipedia and for most of us here on the
on the X platform should you know kind of be aware of the the Grokipedia being the competitor to
Wikipedia and you know it claims to solve a lot of the problems that Wikipedia currently has
and I think I've seen something today that it has surpassed Wikipedia searches on Google.
Well, today I went to go see which articles have gone live.
And I had messaged Steph and I shared with him that I had submitted an article suggestion
an article suggestion for the UTX Alliance.
for the UTX Alliance.
And that article stuff is now a live article,
which is linked back to a lot of the, well, every,
every one of the projects that's within the UTX Alliance.
And I real quick, just to talk about the process,
when you submit a suggestion for an article, you have to give, you know,
some of the links.
So I gave the website link and the handbook link and some of the links so I gave the website link
and and uh the handbook link and some of the other stuff and uh it pulls from that it creates the
article um but I can say now that we have a footprint on uh grokipedia um so anybody that's
out there researching that either used to use Wikipedia or now uses Grokipedia that were
that were on there and that includes all of the members I went and verified that all the articles
for each member was live and they are what you will find though is that there might be
some inconsistencies maybe an error in the information. And anybody
can go in there, highlight the inconsistent or the error, and then just make the suggestion.
And then if you have a link to the right information, that you add that in there and
it'll correct it. So UTX Alliance Grokopedia articles live,
if anybody visits it and you click on all the embedded links, I know that this as of this
morning there was one that was, I clicked on it and it said article empty, something that I can go
back and just you know point out and Grok will fix it. But for the majority, every Alliance member has a live article on Grokipedia.
Lovely.
Thank you, Jose.
That's amazing.
Grokipedia potentially represents a long-lasting encyclopedia Galactica in perpetuity.
So the UTXO Alliance being represented there is phenomenal. Thank you
for your effort there. Everyone check out Grokopedia UTXO Alliance and please make any
changes or updates that you see fit. And with that community service from Jose, let's wrap up
January 2026 UTXO Alliance meeting. Thank you all for being here
and catch up next time.
Bye, everyone. Thanks, guys. This was
great. Thanks,
Matt.
Thanks, Kiwi.
Thanks. Thanks, everyone. Thank you.
