{"id":14076,"date":"2025-10-22T20:31:02","date_gmt":"2025-10-22T20:31:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/interview-web3s-next-fronteer-is-p2p-transactions-yellow\/"},"modified":"2025-10-22T20:31:08","modified_gmt":"2025-10-22T20:31:08","slug":"interview-web3s-next-fronteer-is-p2p-transactions-yellow","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/interview-web3s-next-fronteer-is-p2p-transactions-yellow\/","title":{"rendered":"Interview | Web3\u2019s next fronteer is P2P transactions: Yellow"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Alexis Sirkia, Captain of Yellow Network, explains how P2P transactions can fix the scalability problem that continues to plague blockchains.<\/p>\n<div id=\"cn-block-summary-block_277916511f872f7c202844583801d98b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Web3 apps need fast and secure P2P transactions, says Yellow Network Captain<\/li>\n<li>Blockchains don\u2019t have the computing power needed to handle the world\u2019s information <\/li>\n<li>Solana has less capacity than a 1984 Intel processor<\/li>\n<li>Currently, over 70 apps are on the testnet using the Yellow SDK<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Blockchain adoption has come a long way, with both governments and institutions recognizing the technology\u2019s potential. However, core issues, including speed, scalability, and decentralization, persist. Network scalability can scarcely keep up with the demands for computing power. <\/p>\n<p>In an interview with crypto.news, Alexis Sirkia, Captain of Yellow Network, outlined his vision for a missing layer in Web3 infrastructure. According to Sirka, Web3 needs a trustless peer-to-peer communication system that reduces blockchain overhead without compromising security.<\/p>\n<p><strong>crypto.news: What are the benefits of Web3 and DeFi compared to traditional finance, applications, and centralized servers?<\/strong><\/p>\n<p>Alexis Sirkia: The main benefit I see is this idea of trustlessness, which is a system where you don\u2019t need to rely on human intermediaries. That\u2019s what decentralized architectures like Bitcoin and Ethereum introduced. They allow you to build applications that automate processes previously controlled by centralized entities.<\/p>\n<p>With Web3, you can have autonomous entities, meaning smart contracts or DAOs, controlling business logic, not people. That\u2019s powerful. Think of companies that don\u2019t depend on human oversight. They run autonomously, efficiently, and without risks of corruption, insider trading, or biased decision-making.<\/p>\n<p>That\u2019s the dream: someone can build the next unicorn startup, launch it via smart contracts, and it runs itself. Like Uniswap, once deployed, the business just runs. <\/p>\n<p>So Web3 is about liberating people from tasks computers can do better. Compliance, trust, supervision, these don\u2019t have to be human responsibilities anymore.<\/p>\n<p><strong>CN: What are some examples of real-world use cases where this trustlessness would be an advantage? <\/strong><\/p>\n<p>AS: Take Amazon, for example. It already provides a kind of trustless experience. A buyer purchases from a seller, and Amazon ensures the transaction happens smoothly \u2014 it acts as an intermediary.<\/p>\n<p>But with Web3, that role can be replaced by a smart contract. You don\u2019t need a centralized authority \u2014 you can create systems where autonomous logic ensures that if something goes wrong, there are clear, pre-coded rules that handle it.<\/p>\n<p>The promise of Web3 is that we don\u2019t need to rely on people anymore to guarantee these outcomes. These companies can run themselves without human input. That\u2019s what makes it so powerful.<\/p>\n<p>It\u2019s not about removing human decision-making \u2014 it\u2019s about removing dependency on humans for trust, enforcement, and operation. Computers aren\u2019t corruptible. If I have to choose between people and math, I\u2019ll choose math.<\/p>\n<p>Of course, there are trade-offs. Smart contracts aren\u2019t as flexible as humans. For example, if there\u2019s a strike and goods are delayed \u2014 is that the seller\u2019s fault? A smart contract wouldn\u2019t necessarily know how to handle that nuance.<\/p>\n<p>Humans can adapt to new or unexpected situations; smart contracts follow rules. So right now, they can\u2019t fully replace the gray areas that exist in the real world.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p><strong>CN: From your perspective, where are we now on the journey toward fully autonomous Web3 applications?<\/strong><\/p>\n<p>AS: I\u2019d say we\u2019re at a similar stage to AI in the year 2000.<\/p>\n<p>The concept of AI had been around since the 1960s, but by 2000, the infrastructure wasn\u2019t quite ready.  The tools were there, but the computing power and platforms weren\u2019t widely available.<\/p>\n<p>Web3 is in a similar place now.<\/p>\n<p>The term \u201cWeb3\u201d itself was only <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.mckinsey.com\/featured-insights\/mckinsey-explainers\/what-is-web3\" target=\"_blank\" rel=\"nofollow\">coined<\/a> in 2014 by Gavin Wood. It\u2019s only been about a decade, and we\u2019re just now reaching the point where the infrastructure is solidifying.<\/p>\n<p>What we\u2019ve done with Yellow is part of this missing infrastructure. And now, with Bitcoin, Ethereum, and Yellow, we finally have a nearly complete foundation to build the next generation of autonomous, decentralized applications.<\/p>\n<p><strong>CN: Can you go into more depth about what was missing in the infrastructure \u2014 and what exactly you\u2019re building with Yellow?<\/strong><\/p>\n<p>AS: Sure. With Bitcoin and Ethereum, we had the beginning of trustless infrastructure \u2014 systems that removed the need for intermediaries in transactions involving three or more parties. For example, in a financial transaction, there\u2019s the sender, the receiver, and a third-party authority like a bank or a clearinghouse. Ethereum replaced that third party with a smart contract \u2014 essentially a programmable judge that guarantees what\u2019s been coded will execute as agreed.<\/p>\n<p>But what was still missing from the Web3 stack was trustless peer-to-peer communication \u2014 direct, cryptographically secure interactions between two parties without relying on centralized servers or full blockchain verification for every step. That\u2019s the layer we built with Yellow. It\u2019s what enables two people or two systems to do business together without needing a third party to constantly supervise every message or transaction.<\/p>\n<p><strong>CN: Why is that peer-to-peer layer important?<\/strong><\/p>\n<p>AS: In the real world, most business happens directly between parties. You go to a store, pick up some items, and only at the end do you pay \u2014 that\u2019s when the system settles. The tax authority, for example, doesn\u2019t care about every apple or orange you pick up, just the final bill and taxes owed. <\/p>\n<p>Web3, up until now, was missing that dynamic. Instead, we had 30,000 validators verifying every single step \u2014 every action and handshake \u2014 when really, that level of oversight is unnecessary for most interactions.<\/p>\n<p>So what we created with Yellow is similar to Lightning Network for Bitcoin \u2014 but for Ethereum and any smart contract chain. These are called state channels. Two parties open a channel between them, agree on a set of transactions, and cryptographically sign each one off-chain. <\/p>\n<p>You and I could agree to trade a bitcoin for $100,000, then another trade \u2014 say, Ethereum for $4,000 \u2014 and each step is signed. Only when we want to settle do we involve the blockchain. If one party tries to back out, the smart contract adjudicates based on the signed proofs and penalizes the dishonest actor. Both parties have collateral in the contract, so there\u2019s a meaningful risk of cheating.<\/p>\n<p><strong>CN: So what\u2019s the actual benefit in practice?<\/strong><\/p>\n<p>AS: It means we can do trustless business without involving 30,000 computers every time. I don\u2019t need to trust you because the system guarantees that if anything goes wrong, the smart contract will enforce the rules. And the best part? It\u2019s incredibly fast. <\/p>\n<p>We\u2019re trading at the speed of light \u2014 peer-to-peer, no global consensus required. It\u2019s like having a local blockchain just between two parties, and it\u2019s far more scalable than anything happening fully on-chain.<\/p>\n<p>That\u2019s the thing. Blockchains are fundamentally limited in processing power. They\u2019re not built to be high-performance computers. In fact, the entire Solana network today has less computational capacity than a 1984 Intel processor, or a DEC VAX system from the 1970s. I\u2019m not exaggerating \u2014 those machines had one million instructions per second. That\u2019s more than Solana currently delivers.<\/p>\n<p>So it\u2019s not that blockchain is a bad system \u2014 it\u2019s just not meant to run an entire app. You need it for consensus, settlement, and arbitration \u2014 but the heavy lifting should happen off-chain. With Yellow, we\u2019re saying: keep the blockchain where it makes sense, and shift the rest to peer-to-peer layers that are faster and more scalable.<\/p>\n<p><strong>CN: And technically, where is the information stored? What if one party disputes a trade \u2014 where does the smart contract get the data to decide who\u2019s right?<\/strong><\/p>\n<p>AS: Good question. Every transaction in the state channel is signed cryptographically by both parties and contains a reference to the previous one, much like a mini blockchain. So each new transaction forms a chain that builds on the last \u2014 and the newest one always wins. <\/p>\n<p>If there\u2019s a dispute, the smart contract simply checks which party has the most recent signed proof. That version is considered valid. The logic and rules for resolution are already coded into the smart contract in advance, so there\u2019s no need for oracles or external inputs in most cases.<\/p>\n<p><strong>CN: So, as long as you have the latest signed proof, you can resolve any dispute?<\/strong><\/p>\n<p>AS: Exactly. And because both parties signed it, there\u2019s no ambiguity. The contract doesn\u2019t care about claims or arguments \u2014 it just looks at the math. That\u2019s what makes it trustless. And because you\u2019re not involving the broader blockchain until the final settlement, the entire process is lightning fast and doesn\u2019t bog down the network.<\/p>\n<p>In real-world business, you don\u2019t ask a court to validate every handshake \u2014 you only involve a third party if something goes wrong or at the end for settlement. We\u2019re replicating that with cryptographic proofs and smart contracts. It\u2019s a shift from \u201ctrusting the network\u201d to trusting a minimal, verifiable interaction layer \u2014 which is what Yellow provides.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p><strong>CN: What do you think is the most immediate or compelling use case for this peer-to-peer system you\u2019ve built?<\/strong><\/p>\n<p>AS: Initially, we built this for trading \u2014 that was the obvious one. We built a broker called NADAs and a protocol called NLAX using all of this infrastructure. But what surprised us is how many other use cases emerged once we opened the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/yellow.com\/news\/the-yellow-sdk-how-one-toolkit-is-bridging-the-chasm-between-web2-and-web3\" target=\"_blank\" rel=\"nofollow\">Yellow SDK<\/a>. Developers are doing things we never imagined. At the ETH Prague hackathon, for example, there were over 800 participants, and two of the finalists were using Yellow. That\u2019s incredible validation.<\/p>\n<p>We\u2019ve seen payments apps, trading apps, games \u2014 everything from Tinder-style trading interfaces to multiplayer Tetris, and even a real-time Snake game between two players. One developer built a swipe-based trading UI in just a weekend. Another used Yellow to power an instant payment system at a rave in Ukraine \u2014 real people using cryptographic payments live, in a chaotic offline setting.<\/p>\n<p>We even saw this tech used at a real-world rave in Ukraine. A payments app built on Yellow allowed people to instantly pay for drinks and items at the event. There was no waiting for confirmations \u2014 it was just fast, cryptographic payments. Because there was no dispute, there was no need to settle on-chain immediately. That\u2019s exactly how real business works.<\/p>\n<p>We\u2019re launching the mainnet in two months. But even before the launch, we already have real developers building real businesses on it. That\u2019s been amazing to watch. At Korea Blockchain Week, we saw someone demoing an app they built on Yellow just weeks earlier at a hackathon in Europe. That was surreal \u2014 the ecosystem is already moving ahead of us.<\/p>\n<p>It reminds me of when Vitalik was first launching Ethereum. Back then, people didn\u2019t really understand what it was for. I actually got in during the presale \u2014 bought 20,000 ETH at 27 cents. I remember Vitalik spending two hours explaining the vision. It felt revolutionary. This feels the same. People don\u2019t fully get it yet, but the ones who do are building fast.<\/p>\n<p><strong>CN: Are there any trends that people are now overlooking, perspectives you think are missing from the current conversation?<\/strong><\/p>\n<p>AS: Yeah. When Bitcoin started, barely anyone understood what it really meant. I remember back in 2013 \u2014 even earlier, really \u2014 we were organizing Bitcoin meetups, building some of the first crypto companies. I had a banker tell me that I should be careful because this was illegal. That was the perception: that it was dangerous, criminal, fringe.<\/p>\n<p>People didn\u2019t get it. Almost everyone was skeptical. But those of us who had a technical background \u2014 I worked as a software engineer at a space center \u2014 and also understood the history of money, we saw it differently. And there weren\u2019t many of us. It was a small handful of people who understood both worlds: the tech and the economics. That\u2019s who made the biggest bets early \u2014 and they\u2019re the ones who\u2019ve done incredibly well since.<\/p>\n<p>Then Ethereum came along. And again, most Bitcoin people didn\u2019t get it. There were maximalists \u2014 obsessed with sound money, but blind to the broader concept of trustlessness. They couldn\u2019t see that the same principles could apply not just to money, but to contracts, businesses, and apps. It was a huge mental leap.<\/p>\n<p>Now, we\u2019re in that same place again. Most people don\u2019t understand that the concept of Ethereum \u2014 programmable trust \u2014 can be extended one layer deeper into peer-to-peer systems, where two people can do business directly, without any trust, without relying on a global consensus for every step.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alexis Sirkia, Captain of Yellow Network, explains how P2P transactions can fix the scalability problem that continues to plague blockchains. Summary Web3 apps need fast and secure P2P transactions, says&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14076"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14076\/revisions"}],"predecessor-version":[{"id":14078,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14076\/revisions\/14078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/14077"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}