Worried about fragmentation? Take a step back
Our daily interaction w/ dapps makes us think about the future from our current perspective
We're all using the future backend as the frontend is yet to be built. But it will!
(isn't it magical to be so close to the bare tech?)
For the future prosperity of Ethereum, it will be crucial to create a safe environment for projects building on it.
Shaming successful projects can create a dangerous precedence.
I agree that consensus is a delicate aspect of the ecosystem.
However, I believe that a better strategy to protect it would be to endorse projects that offer promising alternatives.
"The desire to enshrine as little as possible is good.
However, blockchains are not personal-computing operating systems; they are social systems." -- Vitalik
Personally, love this quote. Blockchains are more than software and hardware. They are coordination tools as well.
What a week! Permissionless II behind us.
Every crypto conference I've attended so far has been great and has its own unique vibe. The best thing about these events is meeting people who broaden your knowledge base but also your current perspective on various topics. Plus chatting about crypto technology 5 days in a row is just a blast! (My friends know that it’s my pet peeve 🤓)
Permissionless is special. For two main reasons:
- Intersection of people from various disciplines (tech, culture, venture, finance, gaming, regulation…)
- The main meeting point for the Bankless community.
At almost every conference, I meet a bunch of people who come to our Discord daily and it’s always a highlight for me. This time, we spent nearly 3 days together! Thank you so much for coming to our meetups, BanklessXBankless DAO BBQ, my unofficial Bankless dinner, and also for your kind words!
Lastly, Big Thanks to the whole Bankless team. It was wonderful to work together in person. It’s truly a dream team and I cannot wish for better colleagues.
See you all soon! With some already at Devconnect!
Happy Merge anniversary, everyone! 🐼🦇🔊
Thank you to everyone who made the Merge possible and the whole Ethereum community, which makes me feel at home in this space.
One of the best dashboards I've seen when it comes to L2s
Ethereum will get a special gift for its Merge anniversary - the Holesky testnet!
Have you ever wondered where the name came from?
It's named after Prague's district, Holešovice, where you can find Paralelni Polis (crypto education center) or the famous Bordel hacker house.
This is where the Geth team met to merge Ropsten, one of the last dress rehearsals before the Merge upgrade. 👇 twitter.com/TMIYChao/status/1542921902276198401?s=20
More about Holesky: twitter.com/BarnabasBusa/status/1694029115664294324?s=20
The more I learn about rollups, the more I believe that it is not essential for them to decentralize their sequencers.
Here are a few reasons why:
1/ Decentralizing the sequencer will fundamentally decrease the speed of execution.
However, this is why we built rollups in the first place: for their speed, improved efficiency, and increased scalability, allowing us to avoid compromising decentralization on the mainnet level
2/ The worst thing most centralized sequencers can do is censor transactions.
To prevent this, rollups are already using the Ethereum mainnet. From there, any user can enforce transactions.
3/ I believe our focus should be on creating a simple means of enforcing transactions from the already decentralized mainnet.
As long as we have this, it's fine to have two to three entities that will run the sequencer imo. These can be elected or approved by DAOs if we want.
4/ For example, I believe that the BOLD upgrade, which allows for permissionless validation of the state of Arbitrum rollup, is actually much more beneficial for improving the security and trustlessness of the rollup.2
5/ However, what concerns me more is the upgradability of rollup contracts. This is not an easy problem to solve.
We want a quick way to fix bugs, but we also don't want to give a small group of people too much power.🤯
If I am missing something (which is totally possible, of course), please let me know. Happy to discuss it! 🤓
Happy Birthday, Ethereum!
And congrats on all the achievements! 🐼🦇🔊
I keep hearing people say "more useful apps, less infrastructure".
But where could we launch these apps for mass adoption when all L2s are basically still in beta?
I don't mean it as a complaint. I just think that we still should focus on infrastructure.