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Matthew Prince

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1481 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

Yeah.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

So, okay.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

So right now, Cloudflare handles any given second about half a billion requests.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

So 500 million requests per second flowing through our system.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

When we look at those requests, we think that somewhere between 1% and 10% of those are requests that you could actually monetize in some way that people would pay for having access to.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And again, fractions of pennies.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

for it.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

But if you imagine that just the traffic to the internet is going to continue to grow like crazy, those fractions of pennies can add up pretty quickly.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

It's sort of the Superman 3 or office space business model where you're trying to find fractions of pennies that are out there.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

But that's, it depends how old your audience is.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And that might have gone over a lot of their heads.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

Spotify does this model, right?

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

I mean, for streaming.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

It's exactly the same.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

It's the same thing, right?

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And so I think that we understand what we have to do.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And the good news is that 402,

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

has existed as a sort of response code for a long time, which is the response code that says payment is required.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And so we, along with Coinbase and a handful of others, are working on creating what does that foundation look like?

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

When a website says you need to be paid, how do we make sure that the rails all exist for that to happen?