Andrew Masanto

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Andrew Masanto
Andrew Masanto at Harward.jpg
Born(1982-05-17)May 17, 1982
Jakarta, Indonesia
Alma mater University of Sydney
Occupation(s)Lawyer and technologist

Andrew Jonathan Masanto (born May 17, 1982, Jakarta, Indonesia) is an entrepreneur, and co-founder of two of the top 100 cryptocurrencies, Hedera Hashgraph in 2017 and Reserve in 2019. [1] He and his brother Christopher Masanto also co-founded Pet Lab Co, a fast growing pet company in the USA in 2021. [2]

Contents

Early life and education

Masanto was born in Jakarta, Indonesia. He and his family moved to Australia when he was two. After high school, he enrolled at the University of Sydney, undertaking a dual degree in Commerce and Law, and graduated with First Class Honors and Dean’s List in both degrees in 2005. [3] [4]

Career

Andrew Masanto started his professional career in 2006 as a lawyer at Linklaters, a Magic Circle law firm based in London. [4]

In 2017, Masanto partnered with Mance Harmon and Leemon Baird from Swirlds to work on Hedera Hashgraph, a public distributed ledger based on the Hashgraph algorithm. [5] Hedera (HBAR) is the native cryptocurrency of the Hedera Hashgraph system – a uniquely structured technology that is claimed to be faster, more efficient, and secure than blockchain technology. Hedera uses its own ‘Gossip’ protocol, where each node on the network communicates with every other node on the network to record and authenticate transactions. The network of individual transaction data, each connected to all other data, creates a Directed Acyclic Graph (DAG), which is the backbone of the Hashgraph Consensus Mechanism. The Hedera Hashgraph has a governance system comprising 39 industry leaders spread across geographies and 11 different sectors, including Google, Boeing, IBM, Deutsche Telekom, LG, Tata Communications, Dell, DBS Bank, etc. [6] [7]

Following this, in 2018, he joined the Reserve project as the Founding Chief Marketing Officer, aiming to create a stable digital currency. [8]

Also in 2018, he launched a pet company - PetLab Co with his brother Chris Masanto and Damian Grabarczyk, a webshop that sells a wide range of vitamin supplements, treats, chews, grooming products, and accessories for pets. [9]

In 2021, he co-founded Nillion with Dr. Miguel de Vega, with the ambition of advancing decentralised infrastructure through an innovation in Multi Party Computation (MPC) technology. [10]

Alongside his tech ventures, Masanto enrolled at ICON Collective music school and initiated the ANONA movement. This movement, fostering online collaboration between artists and non-artists, gained popularity during the Coronavirus Pandemic. [11]

Masanto is also actively involved in the biohacking and longevity community, running a group called biohackinggroup.com, and sharing insights on health and longevity. [12]

He is also a board member of Cornerstone Capital Inc, a New York based investment firm, which offers investment banking, strategic consulting and wealth management services. [13]

Related Research Articles

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<span class="mw-page-title-main">Nxt</span> Cryptocurrency

NXT is an open source cryptocurrency and payment network launched in 2013 by anonymous software developer BCNext. It uses proof-of-stake to reach consensus for transactions—as such, there is a static money supply. Unlike Bitcoin, there is no mining. NXT was specifically conceived as a flexible platform around build applications and financial services, and serves as basis for ARDR (Ardor), a blockchain-as-a-service multichain platform developed by Jelurida, and IoTeX (cryptocurrency) the current steward of NXT as of 2021. NXT has been covered extensively in the "Call for Evidence" report by ESMA.

<span class="mw-page-title-main">Stellar (payment network)</span> Cryptocurrency

Stellar, or Stellar Lumens, is an open-source, decentralized protocol for digital currency to fiat money low-cost transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a Delaware nonprofit corporation, the Stellar Development Foundation, though this organization does not enjoy 501(c)(3) tax-exempt status with the IRS.

A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Since each block contains information about the previous block, they effectively form a chain, with each additional block linking to the ones before it. Consequently, blockchain transactions are irreversible in that, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks.

Monero is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading Monero, transaction amounts, address balances, or transaction histories.

Marc P. Bernegger is a Swiss-based web entrepreneur and Fintech investor. He is known for founding usgang.ch as well as Amiando. He is also known as an advocate of entrepreneurship, FinTech and cryptocurrency in Switzerland.

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A distributed ledger is the consensus of replicated, shared, and synchronized digital data that is geographically spread (distributed) across many sites, countries, or institutions. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a single (central) point-of-failure.

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<span class="mw-page-title-main">Cardano (blockchain platform)</span> Public blockchain platform

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<span class="mw-page-title-main">Lightning Network</span> Payment protocol for Bitcoin

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In blockchain, a fork is defined variously as:

<span class="mw-page-title-main">IOTA (technology)</span> Open-source distributed ledger and cryptocurrency

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Hashgraph is a distributed ledger technology that has been described as an alternative to blockchains.The hashgraph technology is currently patented, is used by the public ledger Hedera, and there is a grant to implement the patent as a result of the Apache 2.0's Grant of Patent License so long as the implementation conforms to the terms of the Apache license. The native cryptocurrency of the Hedera Hashgraph system is HBAR.

A blockchain is a shared database that records transactions between two parties in an immutable ledger. Blockchain documents and confirms pseudonymous ownership of all transactions in a verifiable and sustainable way. After a transaction is validated and cryptographically verified by other participants or nodes in the network, it is made into a "block" on the blockchain. A block contains information about the time the transaction occurred, previous transactions, and details about the transaction. Once recorded as a block, transactions are ordered chronologically and cannot be altered. This technology rose to popularity after the creation of Bitcoin, the first application of blockchain technology, which has since catalyzed other cryptocurrencies and applications.

Roobee is an international financial technology company organized and existing under the laws of the British Virgin Islands, providing an AI-powered blockchain investment service. It is considered to be the first blockchain investment service developed for non-professional and private investors. The service enables its users to invest in loans, IPOs, venture capital, stocks, cryptocurrencies, ETFs and other options.

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<span class="mw-page-title-main">Tron (cryptocurrency)</span> Blockchain computing platform

TRON is a decentralized, blockchain-based operating system with smart contract functionality, proof-of-stake principles as its consensus algorithm and a cryptocurrency native to the system, known as Tronix (TRX). It was established in March 2014 by Justin Sun and since 2017 has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore, established in the same year. It is open-source software.

Algorand is a cryptocurrency protocol providing pure proof-of-stake on a blockchain. Algorand's native cryptocurrency is called ALGO.

References

  1. ↑ "Unlocking Human Potential: The Rise of Biohacking and the Visionary Journey of Andrew Masanto". harpersbazaar. Retrieved 2024-03-05.
  2. ↑ FinSMEs (2021-04-22). "SportsIcon Raises Seven Figure Funding". FinSMEs. Retrieved 2024-01-31.
  3. ↑ "Andrew Masanto". Concordia. Retrieved 2024-01-31.
  4. 1 2 "Andrew Masanto - Co-Founder at NFT.com". THE ORG. Retrieved 2024-01-31.
  5. ↑ "Hedera's Journey". Hedera. Retrieved 2024-01-31.
  6. ↑ "What is Hedera and how is it different from existing blockchain technologies?". CNBCTV18. 2022-02-07. Retrieved 2024-03-30.
  7. ↑ "The Hedera Council | Hedera" . Retrieved 30 March 2024.
  8. ↑ "The Blockchain Revolution: Reshaping the Web3 Era with Andrew Masanto". www.gq.co.za. Retrieved 2024-01-31.
  9. ↑ Staff, Entrepreneur (2021-06-09). "How Their Childhood Dog Inspired Two Brothers to Create the Fastest-Growing Pet Company in America". Greenwich Time. Retrieved 2024-01-31.
  10. ↑ "The NILLION Project launch at the University of Cambridge". 3 December 2021.
  11. ↑ Staff, OK! (2024-01-18). "Andrew Masanto and ANONA: A New Era of Art Collaboration". OK Magazine. Retrieved 2024-01-31.
  12. ↑ "The Man Who Biohacked His Way to Billions: Andrew Masanto". Grazia USA. 2023-05-15. Retrieved 2024-01-31.
  13. ↑ "Andrew Masanto, Cornerstone Capital Inc/NY: Profile and Biography". Bloomberg.com. Retrieved 2024-03-30.


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