Einstein: If everybody mistakes into everything, imagine there are 1000 protocols. Each of them can only sustain like $1 million of staking if they go by themselves. By having every Ethereum sticker opt into these 1000 chains, so to say, what could happen is basically you'd have $1 billion worth of economic security. Einstein: Not even one application can have an error without at least $1 billion being shot. This is the superpower of shan security. He says eigenlayer will create a vibrant economy based on users paying in order to commit that amount of economic security to them.
Sreeram Kannan, Founder of EigenLayer, joins this episode to talk about the innovative power that EigenLayer is bringing to Ethereum.
In this episode we discuss EigenLayer’s data availability layer for ETH L2s to roll down to, which saves costs and solves congestion issues and EigenLayer’s re-staking layer which allows ETH stakers to opt in to support new use cases, earning more yield while accepting more slashing conditions, instead of apps having to roll their own security.
Sreeram is extremely smart (his academic papers here), I learned a ton during this episode and I hope you do as well. Please share your thoughts and favorite parts of the episode with us on Twitter.
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