Who Founded Bluesky Crypto Protocol?

Mahesh Vellanki, a seasoned tech executive, and Nicklas Chatzigiannis, a DeFi expert, co-founded Bluesky Crypto Protocol in 2022 out of a desire for a more scalable, secure, and user-friendly blockchain platform.

Oct 23, 2024 at 11:12 am

Who Founded Bluesky Crypto Protocol?

1. Founders

• Mahesh Vellanki: An experienced technology executive and entrepreneur with a background in artificial intelligence, blockchain, and cybersecurity.
• Nicklas Chatzigiannis: A financial consultant and investor with expertise in decentralized finance (DeFi) and cryptocurrency markets.

2. Origin Story

In 2022, Mahesh Vellanki and Nicklas Chatzigiannis joined forces to create Bluesky Crypto Protocol. Their motivation stemmed from a belief that existing blockchain protocols were not scalable, secure, or user-friendly enough for mainstream adoption.

3. Mission and Vision

Bluesky Crypto Protocol aims to build a blockchain platform that is:

• Scalable: Capable of handling high transaction volumes without compromising performance.
• Secure: Using advanced encryption techniques to protect user data and assets.
• User-friendly: Accessible to users with varying levels of technical expertise.

4. Key Features

Bluesky Crypto Protocol incorporates several innovative features, including:

• Rollups: A technology that bundles multiple transactions into a single block, improving scalability.
• Zero-Knowledge Proofs: A cryptographic technique that allows users to prove a statement without revealing underlying information, enhancing privacy.
• User-Accessible Governance: A decentralized governance model that empowers token holders to participate in decision-making.

5. Tokenomics

Bluesky Crypto Protocol utilizes a native token, SKY, which serves several purposes:

• Transaction Fees: Gas used for processing transactions.
• Staking: Used to secure the network and earn rewards.
• Governance: Voting power for token holders in network decision-making.