Decentralization Isn't a 0 and a 1

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It's not that multi-sigs are inherently evil either, but the combination of a multi-sig controlled by a known set of individuals is really like this centralization risk here. If we're able to reduce the average fee for $700 billion of remittances every year, from 6% to say 1%, which I think is definitely possible on a blockchain network, that's a win. Not everything has to be decentralized. Obviously, I feel like the best scenario is that there should always be a decentralized and permissionless option for the 0.1% of people that really want it.

On this week's episode of 0xResearch, Tim Beiko shares his insights on Ethereum's governance, client diversity, and roadmap. We delve into the importance of EIP4844, the UX improvement from single-slot finality, Ethereum's state growth problem, the rationale behind MEV burn, and more! Tim is one of the most knowledgeable people on Ethereum's roadmap - you won’t want to miss this one!

And as usual, we start the episode with our analyst Hot Seat/Cool Throne segment, where we debate Frax's CPI-pegged stablecoin, the L2 wars, Base and Jump's counter-exploit against the Wormhole exploiter!

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Timestamps:

(00:00) Introduction

(00:36) Hot Seat/Cool Throne

(30:15) Blockworks Research

(31:14) Interview Start: Tim Beiko

(37:16) Ethereum’s Governance Process

(47:09) Client Diversity

(59:10) Shanghai, EIP4844 and Single Slot Finality

(1:04:40) MEV and PBS

(1:07:40) Stateless Ethereum

(1:10:14) Decentralized Sequencing and Fraud Proofs

(1:17:06) MEV Burn

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Resources:

Jump Executes Counter Exploit Against Wormhole Exploiter

https://www.blockworksresearch.com/research/we-do-a-little-counter-exploit

Ethereum.org

https://ethereum.org/en/

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Disclaimer: Nothing said on 0xResearch 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. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.