Explaining Crypto to Parents and Favorite Applications

Nick White (COO of Celestia) and Neel Somani (founder of Eclipse) join us to debate the tradeoffs of modular vs integrated blockchains. We cover the modular thesis, how Eclipse is bringing the SVM to Ethereum, the hidden costs of modularity, centralized sequencers and L2s, where value will accrue in a modular paradigm and more!

- -

Timestamps

00:00 Introduction

01:49 What are Modular Blockchains?

05:34 Data Availability Explained

09:15 Light Clients and End User Verification

19:45 Eclipse: the SVM Rollup Provider

20:50 Why do Rollups Need Settlement?

26:26 Jito Mid Roll

27:30 Permissionless Plug

28:30 Should Celestia Enshrine a Settlement Layer?

31:34 L2 Training Wheels

35:53 Kyle Samani’s "The Hidden Costs of Modular Systems”

43:02 Appchains vs Rollups

46:43 How Eclipse is Bringing the SVM to Ethereum

47:58 Are Centralized Sequencers Okay?

53:28 Will Crypto Apps Have a Power Law Outcome?

58:03 Network Effects and Value Accrual

01:08:15 Where Will Enterprises Launch Applications?

01:12:08 Rapid Fire

- -

Follow Neel: https://twitter.com/neelsalami

Follow Nick: https://twitter.com/nickwh8te

Follow Mert: https://twitter.com/0xMert_

Follow Garrett: https://twitter.com/GarrettHarper_

Follow Lightspeed: https://twitter.com/Lightspeedpodhq

Subscribe on YouTube: https://bit.ly/43o3Syk

Subscribe on Apple: https://apple.co/3OhiXgV

Subscribe on Spotify: https://spoti.fi/3OkF7PD

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ 

- -

Resources

Jito

https://www.jito.network/staking/?utm_source=lightspeed&utm_medium=podcast&utm_campaign=lightspeed_Q323_1

Celestia

https://twitter.com/CelestiaOrg

https://celestia.org/

Eclipse

https://twitter.com/EclipseFND

https://www.eclipse.builders/

- - 

Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.