rollups

In today's episode, David delves into the interesting dynamics between Ethereum and Celestia. While Ethereum and Solana are often seen as the main rivals, Celestia shares similar design philosophies and goals but with notable differences. Is it Ethereum's true competitor? Joining us to help answer that question and much more is Nick White, COO of Celestia Labs.

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🔐 SAFE | ATTEND SAFE{CON}
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------
TIMESTAMPS

0:00 Intro
5:28 Celestia 2 Years Ago
6:30 Build Whatever & DA
11:29 Celestia Design Architecture
19:15 Ethereum vs. Celestia
22:26 Celestia No Virtual Machine Trade-Offs 
29:57 Sharing DA Layers & Blockchain Interoperability
37:23 Celestia Trustlessness
42:09 DA as a Commodity? 
54:09 Network Effects of DA
57:35 $TIA’s Role in Celestia Ecosystem
1:01:50 Lightnodes 
1:04:57 $TIA’s Moneyness
1:10:20 Execution & Settlement Layers
1:16:46 Cosmos & Celestia & Ethereum
1:21:56 Sovereign Endgame 
1:26:42 Closing & Disclaimers
 
------
RESOURCES

Nick’s 1st Bankless Episode 
https://youtu.be/bmSU3cZhe3U  

Nick White
https://twitter.com/nickwh8te  

Celestia
https://twitter.com/CelestiaOrg  

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠  

What are the biggest questions that people have about Eigenlayer? 

David sourced these questions from Crypto-Twitter, and will be asking Sreeram LIVE!

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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------
TIMESTAMPS
00:00:00 Start
00:00:29 Intro
00:03:27 Sriram and Nima
00:04:41 Why Should We Care?
00:06:09 Unique Use Cases
00:14:25 AVS Rewards Payouts
00:19:07 AVS Incentives
00:24:32 AVS Awareness
00:29:24 Slashing a Delegated Validator
00:31:26 Calculating Risk
00:33:18 Ecosystem Take Rate
00:36:10 Unstaking
00:38:02 Solo Staking Premium
00:42:19 Addressing Risks
00:54:40 Healthy Slashing
01:03:36 Native Token
01:08:19 When Token?

------
RESOURCES

Eigenlayer:
https://www.eigenlayer.xyz/ 

Sreeram:
https://twitter.com/sreeramkannan?lang=en 

Nima:
https://twitter.com/nima_vaziri 

Risks:
https://docs.eigenlayer.xyz/risk/risk-faq 
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠ 

Ethereum validators are earning yield for nearly a million wallets but what happens if you can restake that ETH for even more yields? Eigen Layer is one of the most ambitious projects in crypto and crossed a billion dollars in deposits while recording this episode.

Joining us today is special technical co-host Mike Neuder to discuss all things Eigen Layer with Sreeram and Teddy from the team.

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🔗CELO | CEL2 COMING SOON
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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
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🌐 Layer Zero V2 Launch
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------

Timestamps 

00:00:00 Intro
00:00:26 Episode Overview
00:09:20 Current State of Eigen Layer
00:12:01 Cap Limits and Accepted Tokens
00:19:42 Economic Security
00:25:51 Eigen Incentive Structures
00:34:12 What Is Eigen DA?
00:40:29 Benefits From Eigen DA
00:45:28 Why Eigen DA?
00:55:31 Throughput and Slashing
01:05:58 Finality Layer
01:10:51 ABS Aggregation
01:16:53 The Veto Committee
01:21:04 Neutrality
01:24:40 Networks in 2024
01:28:27 When Mainnet

------

Resources

Mike
https://twitter.com/mikeneuder 

Sreeram
https://twitter.com/sreeramkannan 

Teddy
https://twitter.com/TedBreyer 

------
Not financial or tax advice. See our investment disclosures here:
https://bankless.com/disclosures 

Celestia’s token ($TIA) just dropped. Highlighted by its modular data availability network the crypto community has showed a lot of excitement around this launch.

Why? What is so valuable about Celestia? What is its vision for crypto? How, if successful, will Celestia change the crypto landscape? 

Today, on Bankless We’re talking to two Celestia CoFounders Mustafa and Ismail to explore the thesis behind Celesia. So, strap yourselves in, put on your learning cap, because we’re going to learn about Celestia in today’s episode. 

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🔗CELO | CEL2 COMING SOON
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------
TIMESTAMPS

0:00 Intro
4:10 What is Celestia? 
6:12 The Modular Thesis
9:00 Celestia & Ethereum Relationship 
18:27 Economics of Celestia 
21:21 Celestia’s SDK
26:31 Celestia’s Capital Power 
28:15 $TIA 
32:18 Blob Stream
34:30 Celestia Endgame
36:18 Current & Future Projects on Celestia 
41:15 Celestia’s Vision 
43:55 Closing & Disclaimers  

------
RESOURCES

Mustafa
https://twitter.com/musalbas 

Ismail
https://twitter.com/KreuzUQuer 

Celestia
https://celestia.org/learn/ 

Vitalik’s Endgame 
https://vitalik.eth.limo/general/2021/12/06/endgame.html 

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠   

Dom, aka Domothy, is a researcher at the Ethereum Foundation who is working on the research and development of some key Ethereum protocol upgrades like EIP4844, danksharding, and MEV Burn. We last had Dom on Bankless about that last one, MEV Burn, and this time we’re bringing him around to fully understand an incoming new property of Ethereum that EIP4844 is going to introduce… a new resource market… called BLOBspace…  kind of like Blockspace… but for Blobs!

What are blobs? What is Blobspace? How is it different from blockspace and blockspace markets? What will it do for Ethereum and its rollups? These are the questions we explore with Dom today. 

------
✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-blobspace 

You know how we say blockchains sell blocks? Well, soon Ethereum’s going to be selling more than just blocks. It’s going to be selling blobs too. 

We’re just a few months out from the biggest Ethereum release since the merge and no one’s fully mapped out the implications. But it’s going to be huge. 

- Ethereum’s getting a new product to sell… it’s called Blobspace
- The cost of transacting on L2s is about to drop toward zero…
- The economics of ETH gas and the burn are about to change forever…

Blobspace, EIP4844, proto-danksharding…that’s what the geeks call this new ETH feature upgrade. 

This is everything you need to know about Blobspace with Ethereum Researcher Domothy in this absolute banger of an episode. 

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-----
TIMESTAMPS

0:00 Intro
7:20 Why We’re Doing This Episode
8:45 Blobspace 
9:40 History of Blobspace 
11:30 Sharding & Dead Ends 
14:00 Execution Sharding 
16:50 Layers of a Blockchain
21:00 Ethereum Rollups 
22:50 Vitalik’s Thought Process 
26:10 Ethereum Development Hidden Genius
30:00 Current State of Ethereum 
34:00 What is a Blob?
39:25 Blobspace Explained 
44:20 Validator’s Perspective 
47:00 Data Availability vs. Storage 
56:31 User’s Perspective 
1:00:30 How a Blob Becomes a Blob
1:04:00 Properties of Full Danksharding 
1:05:20 New Math & Tech Behind Blobs? 
1:12:00 L2 Blobspace & Scaling Factors 
1:15:40 Blobspace Economics 
1:20:00 Block vs. Blobspace Balancing 
1:23:20 L2s Competing For Blobspace 
1:32:10 Ethereum Subsidiaries  
1:39:00 What’s Next?
1:41:30 Closing & Disclaimers

-----
RESOURCES

Domothy 
https://twitter.com/domothy  

Domothy article on Blobspace
https://domothy.com/blobspace/ 

-----
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

In today’s podcast, Justin Drake and Tim Beiko help us explore Ethereum's uncharted roadmap. 

You know about EIP-4844. You know about Proposer-Builder Separation. But the Ethereum roadmap does not stop there. It continues! Each component of the Ethereum roadmap has deeper frontiers than what you may be familiar with. 4844, PBS, these are just the first stops on a longer track of Ethereum’s Sci-Fi roadmap. 

Other areas Justin, Tim, and David explore statelessness, how VCs are subsidizing Ethereum L1 R&D efforts, enshrined rollups, how all of this stuff leads to Ethereum needing fewer and fewer honest actors to work trustlessly, what quantum computing has to do with the Ethereum roadmap, trustless mempools and so much more. 

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
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-----
TIMESTAMPS

0:00 Intro
5:50 Ethereum Roadmap Completion
8:30 Immediate Dev Priorities 
9:50 Danksharding & Rollups as 1st Class Citizens  
11:50 Why Prioritize L2s 
14:50 Snarkifying the EVM 
17:39 Enshrined Rollup Use Cases  
20:00 EVM to zkEVM
24:48 Summary So Far 
27:15 EIP-4844 
28:25 Proposer-Builder Separation
37:37 MEV Burn
40:38 Statelessness 
43:33 Cryptography vs. Crypto Economics 
45:00 Quantum Mechanics
50:25 Statelessness Ethereum Unlock
53:10 Cryptography & Sustainability 
55:55 Closing & Disclaimers 

-----
RESOURCES

Justin Drake 
https://twitter.com/drakefjustin  

Tim Beiko
https://twitter.com/TimBeiko   

Ethereum Discord 
https://discord.gg/CetY6Y4  

-----
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

On today's episode, we welcome back Steven Goldfeder and Harry Kalodner for their second appearance on Bankless. Both times for huge Arbitrum launches!

Today, Abritrum is launching Arbitrum Nitro, a 7x improvement to Ethereum's capacity. Hear all about it, Abritrum's potential forthcoming token(?!), Abritrum Oddessey, and of course, so much more.

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BRAVE | THE BROWSER NATIVE WALLET
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JUNO | BRIDGE FIAT TO LAYER 2
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️ ZKSYNC | THE LAYER 2 SCALING ENDGAME
https://bankless.cc/zkSync 

-----
Timestamps:

0:00 Intro
6:55 Abritrum Nitro Launch Day
10:40 Reflecting on Arbitrum's Last Year
14:57 Abritrum's Rollup
16:57 The Arbitrum Odyssey
26:55 The Secret Sauce Behind Nitro
30:39 Any Trade-Offs Made?
32:18 Scale Restraints
37:38 What's Next?
47:28 Arbitrum Nova
52:53 Fractals
54:55 What Reddit is Building on Arbitrum Nova
1:01:23 zkRollups
1:04:17 The Abritrum App Layer
1:07:11 Abritrum's Hypothetical Ticker
1:09:38 Other Tech Checkboxes
1:11:34 Closing & Disclaimers

-----
Resources:

Harry Koladner
https://twitter.com/hkalodner 

Steven Goldfeder
https://twitter.com/sgoldfed 

Steven & Harry's First Appearance on Bankless
https://youtu.be/W33LtejihY8 

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

The zkWars are heating up. With 3 different teams recently announcing their zkEVM, we’re joined by Alex Gluchowski of zkSync and Ye Zhang of Scroll.

Optimism’s Ben Jones cohosts as we explore why zkEVM is such a big deal, the respective roadmaps to mainnet, and of course… wen token?

------
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------
Topics Covered:

0:00 Intro
3:15 Crypto 101
10:00 Alex and Ye
13:25 zkSync
18:20 Scroll
22:30 What's Different about zkSync
31:10 What's Different about Scroll
37:15 zkProof Performance
41:30 Decentralizing Provers
46:30 Approaching Developers
57:07 Challenges to Upgrading
1:03:40 Vibe Check
1:09:20 Centralized Keys
1:17:45 Closing

------
Resources:

Ben Jones
https://twitter.com/ben_chain

Alex Gluchowski
https://twitter.com/gluk64

Ye Zhang
https://twitter.com/yezhang1998

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures

🇫🇷 Welcome to the Bankless EthCC 2022 Experience 🇫🇷

With fantastic guests from all corners of the ecosystem, this 8-part series is an exploration of crypto culture and the current state of Ethereum.

In the 8th and final episode, we bring on the powerhouse duo of Austin Griffith and Kevin Owocki. This one is a lot of fun, and both of these builders are moving the space towards a more just, robust ecosystem.

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🦁 BRAVE | THE BROWSER NATIVE WALLET
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🌉 JUNO | BRIDGE FIAT TO LAYER 2
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⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME
https://bankless.cc/zkSync

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

zkEVM is here! Alex Gluchowski, CEO & Co-Founder of Matter Labs and of zkSync is here to talk about the huge accomplishment he and his team brought to market this past week. This is the first EVM-compatible ZK Rollup on Ethereum’s testnet! 

Is this the endgame of blockchain scalability? How were Alex and his team able to bring this to market way sooner than expected? Why is this important and a monumental leap forward for the space? Find out the answers to these questions and much more on this week's State of the Nation with Ryan and David! 

DONATE TO UKRAINE USING CRYPTO:
https://twitter.com/Ukraine/status/1497594592438497282?s=20&t=kiFqqEmK2QtdOA8KcwUq1g 

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🦁 BRAVE | THE BROWSER NATIVE WALLET
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🦄 UNISWAP | DECENTRALIZED FUNDING
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------
Topics Covered:

0:00 Intro
6:00 Alex from Matter Labs
9:51 What is a zkEVM?
15:57 The Breakthrough
19:08 zkSync 2.0 Public Testnet
24:04 The User Experience
29:37 Developer Tooling
32:48 Why zkRollups?
37:22 Security, Centralization, Trust
41:51 Justin Drake's Question
46:33 The Roadmap
50:30 Wen Mainnet?
53:15 Wen Token?
58:51 zkDAO
1:00:52 Ukraine
1:06:57 Crypto's Impact in Ukraine
1:11:00 Closing & Disclaimers

------
Resources:

UkraineDAO
https://twitter.com/Ukraine_DAO?s=20&t=k_QiuIA3ZukqUPd9gy--LA 

Alex Gluchowski on Twitter
https://twitter.com/gluk64 

zkSync on Twitter
https://twitter.com/zksync 

zkDAO
https://twitter.com/zkdao_official?s=20&t=9HO7KyxvPEwqBhAo6SgbEA 

zkSync's Website
zksync.io 

zkSync 2.0: Public Testnet is Live!
https://matterlabs.medium.com/zksync-2-0-public-testnet-is-live-de870ba9632a 

Modular vs Monolithic Blockchains
https://shows.banklesshq.com/p/modular-vs-monolithic-blockchains?s=w 

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/

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🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

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36 - The DeFi Blockspace Cycle | Nic Carter

Nic Carter recently released an article titled "Public Blockchain Fee Cyclicality and Negative Feedback Loops"...

... simplified "transaction fees get higher, and that incentives people transact less, and then that lowers transaction fees and that incentives people to transact more"

According to Nic, there's no equilibrium found upon public blockchains with inflexible block size; the demand to purchase blockspace will always be volatile, across all time frames.

Another perspective: constraints on blockspace availability dramatically impacts the kind of usage that is feasible to happen on the base-layer blockchain.

Transactors who are transacting large transactions will pay for higher fees! This severely impacts the markets that are supported by public blockchains! Constraints on block space are constraints on market participants!

David, Ryan, and Nic go through Nic's process is disecting the data that created these conclusions. Nic gives his perspective as to the ultimate pattern that emerges from this data.

David reads Nic's article aloud on the Bankless YouTube! Useful for listening to the episode! https://www.youtube.com/watch?v=RZ1X_3I5KrI&t=666s

Actions & Resources:

Read Nic’s articles Ethereum’s Fees Mean Choosing Between a World Computer and a Financial Network https://www.coindesk.com/ethereums-fees-mean-choosing-between-a-world-computer-and-a-financial-network

Public Blockchain Fee Cyclicality and Negative Feedback Loops https://medium.com/@nic__carter/public-blockchain-fee-cyclicality-and-negative-feedback-loops-1620141a8a87

The Adaptive Markets Hypothesis Robert Low https://blogs.cfainstitute.org/investor/2017/12/18/the-adaptive-markets-hypothesis-a-financial-ecosystems-survival-guide/

https://www.alphasimplex.com/wp-content/uploads/2004/09/The-Adaptive-Markets-Hypothesis.pdf

------

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